Welcome to our dedicated page for Tenable Holdings news (Ticker: TENB), a resource for investors and traders seeking the latest updates and insights on Tenable Holdings stock.
Tenable Holdings, Inc. (symbol: TENB) is a leading cybersecurity company that specializes in exposure management. Founded in 2002, Tenable has grown to serve over 43,000 organizations worldwide, including government agencies and more than 60% of the Fortune 500. Tenable's mission is to help businesses understand and mitigate cyber risk across their digital ecosystems.
Tenable is widely recognized for its innovative Nessus® vulnerability scanner, which has evolved into the cornerstone of its broad product portfolio. This portfolio includes Tenable.io, the first platform to offer live visibility into any asset on any computing platform, and Tenable Cloud Security, which simplifies risk management in multi-cloud and hybrid environments. The company recently achieved FedRAMP authorization for Tenable Cloud Security, enabling U.S. federal agencies to leverage its capabilities.
Tenable's solutions extend beyond traditional IT environments to include operational technology (OT) and Internet of Things (IoT) assets. The Tenable One platform integrates various security modules to provide comprehensive risk management, allowing organizations to prioritize vulnerabilities effectively.
Financially, Tenable has shown robust performance. In the fiscal year ended December 31, 2023, the company reported strong revenue growth and an increase in operating margins. Tenable's strategic acquisitions, such as the addition of Ermetic, have further enhanced its capabilities. The company recently announced a share repurchase program, demonstrating its commitment to enhancing stockholder value.
Tenable is continuously evolving to meet the complex security needs of its customers. Its recent achievements include the integration of advanced analytics and machine learning into its platforms, helping organizations gain deeper insights into their security postures. Tenable also actively participates in industry events and thought leadership, sharing expertise to help shape the future of cybersecurity.
To learn more about Tenable, visit their official website at tenable.com.
Tenable has introduced a Cyber Insurance Report within its Tenable Vulnerability Management solution to assist cyber insurance providers in evaluating risk more effectively. This report enables insurers to measure a company's preventive security practices by utilizing internal vulnerability data, thereby streamlining the underwriting process. Additionally, Tenable has partnered with Measured Analytics and Insurance to offer savings on cyber insurance policies to qualifying customers. This collaboration aims to address challenges faced in the current cyber insurance market, where obtaining coverage can be lengthy and complicated.
Tenable has been honored as Vendor of the Year by Ingram Micro for its exemplary partner program and dedication to channel partners and customers. The recognition reflects Tenable's strong investment in partnerships, particularly through the Tenable Assure program, which aids partners in delivering effective exposure management solutions. The awards ceremony was held in December 2022, emphasizing Tenable's commitment to enhancing customer understanding of cyber risks. This achievement underscores the significance of Tenable's collaborative efforts with partners to drive business growth and value.
Tenable Holdings, Inc. (NASDAQ: TENB) reported strong financial results for Q4 and the full year of 2022. Q4 revenue reached $184.6 million, marking a 24% increase year-over-year, while full-year revenue hit $683.2 million, up 26%. The company added 571 new enterprise customers in Q4, with 140 net new six-figure customers. Despite a GAAP net loss of $21.5 million for Q4, Non-GAAP net income improved to $14.2 million. For Q1 2023, Tenable expects revenue between $186 million to $188 million, and diluted EPS in the range of $0.02 to $0.03.
Tenable recently announced that five of its channel leaders were named to CRN's 2023 Channel Chiefs list, recognizing their commitment to enhancing the partner ecosystem. The honored leaders include Terry Dolce, Jeff Brooks, Trevor Henney, Greg Goetz, and Christopher Blando. According to the announcement, Tenable focuses on supporting its partners to help clients manage and mitigate cyber risks through effective exposure management. The recognition highlights Tenable's efforts in driving innovation and strengthening partnerships within the IT channel, ultimately benefiting customers in securing their digital assets.
Tenable has launched Tenable Ventures, a global investment initiative aiming to support early-stage startups that enhance cybersecurity capabilities. The program will initially invest up to $25 million in startups focusing on exposure management solutions, particularly in competitive markets like Israel and the U.S.. The goal is to collaborate with these startups on product design and strategies addressing cybersecurity risks. Tenable seeks to invest in companies utilizing innovative technologies such as cloud security and identity management, thereby expanding the exposure management ecosystem and integrating solutions into the Tenable One platform.
Tenable (NASDAQ: TENB) announced it will release its financial results for the fourth quarter and full year ending December 31, 2022, on February 7, 2023, after U.S. market close. The company will host a conference call at 4:30 p.m. EDT to discuss these results. A live webcast will be accessible on its Investor Relations website. Known for its Nessus platform, Tenable supports approximately 40,000 organizations, including 60% of the Fortune 500, in managing cyber risk. This announcement highlights Tenable’s ongoing commitment to transparency and investor engagement.
Tenable has released a global study highlighting that cybersecurity is the top concern for businesses investing in the metaverse. The survey of 1,500 IT and cybersecurity professionals indicates that 23% of organizations have already engaged in the metaverse, with 58% planning to do so within a year. Despite interest, only a minority feel confident in managing cybersecurity threats. Major risks identified include phishing and identity theft, and key barriers are the lack of clear data privacy processes and experienced professionals. The report underscores the need for robust cybersecurity frameworks before venturing into the metaverse.
Tenable announced that CFO Steve Vintz will attend two investor conferences. He will be joined by CEO Amit Yoran at the 15th Annual Needham Virtual Security, Networking, & Communications Conference on November 16, 2022. Additionally, Vintz will participate in the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2022. Tenable is recognized for its Exposure Management services, helping approximately 40,000 organizations globally, including 60% of the Fortune 500, mitigate cyber risks.
Tenable has appointed Michelle VonderHaar as the new chief legal officer and general counsel. With 30 years of international legal experience in technology, VonderHaar has held senior positions at HP and Veritas Technologies, focusing on M&A, compliance, and governance. CEO Amit Yoran praised her ability to spur technology innovation and growth.
VonderHaar aims to leverage her expertise to support Tenable's objectives in the critical cybersecurity sector, which is essential for businesses globally.
Tenable Holdings, Inc. (Nasdaq: TENB) reported a revenue of $174.9 million for Q3 2022, reflecting a 26% year-over-year increase. The company's calculated current billings rose to $207.3 million, up 24% from the previous year. Despite a GAAP loss from operations of $13.0 million, non-GAAP income was $23.1 million, a significant increase from $13.7 million in Q3 2021. The company added 712 new enterprise customers and plans for Q4 revenue are projected between $180 million to $182 million.
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