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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 launched Nessus Expert, an advanced vulnerability assessment tool aimed at enhancing external attack surface management and Infrastructure as Code (IaC) security. This tool addresses critical cyber risks associated with external assets and cloud configurations, enabling organizations to identify vulnerabilities before deployment. Key features include External Attack Surface Discovery and IaC Scanning, streamlining security processes for DevSecOps. Tenable emphasizes that Nessus Expert represents a significant advancement in modern vulnerability assessment.
Tenable (NASDAQ: TENB) announced it will release its Q2 financial results for the period ended June 30, 2022, after the U.S. market close on July 26, 2022. Following the release, Tenable will host a conference call at 4:30 p.m. ET to discuss the results. Interested parties can access a live webcast via the Tenable Investor Relations website. As a provider of cyber exposure solutions, Tenable serves around 40,000 organizations globally, including 60% of the Fortune 500.
Tenable Holdings has officially completed its acquisition of Bit Discovery, enhancing its external attack surface management capabilities. This new offering, Tenable.asm, will allow organizations to identify and map their entire digital footprint, enabling improved security measures against potential attacks. The integration of foundational discovery functionalities into existing products, such as Tenable.io and Tenable.sc, is also set for early Q3 2022 at no extra cost. This acquisition is strategic for Tenable as it strengthens its position in the cybersecurity market.
Tenable, the Cyber Exposure company, announced that CFO Steve Vintz will attend two investor conferences, accompanied by CEO Amit Yoran. The events include the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, and the 42nd Annual William Blair Growth Stock Conference on June 6, 2022. These presentations aim to discuss Tenable's role in cyber risk management, which is crucial for approximately 40,000 organizations globally, including 60% of the Fortune 500. For more information, visit tenable.com.
Tenable has integrated Terrascan into its Nessus platform, enhancing cloud security capabilities for developers. This open-source Infrastructure as Code scanner allows for early detection of security issues in cloud applications. With over 500 predefined security policies, Terrascan helps streamline the development process by automating cloud security assessments, ultimately speeding up delivery and reducing risks. Tenable remains committed to the Terrascan community, focusing on usability and further development.
Tenable has been ranked #1 globally for device vulnerability management market share for 2020, marking its third consecutive year of leadership, according to the IDC Report. Respondents cited best-in-class technology as the primary reason for their choice. Tenable's success stems from its strong acquisition strategy and extensive product portfolio, which enhances its platform's risk-assessment capabilities.
Tenable Holdings, Inc. (TENB) reported Q1 2022 revenue of $159.4 million, marking a 29% year-over-year increase. The company added 459 new enterprise customers and achieved calculated current billings of $156.5 million, up 31%. Despite a GAAP loss from operations of $17.5 million, Tenable's non-GAAP income was $12.5 million. For Q2 2022, the projected revenue ranges from $162.0 million to $164.0 million, and for the full year, revenue is expected between $673.0 million and $679.0 million.
Tenable Holdings (TENB) announced an agreement to acquire Bit Discovery, a leader in external attack surface management, for $44.5 million in cash. This acquisition aims to enhance Tenable’s Cyber Exposure solutions by delivering a comprehensive 360-degree view of both external and internal security risks. Bit Discovery's technology will enable continuous monitoring of internet-facing assets, thus improving cybersecurity posture. Although not expected to significantly impact financial results in Q2 2022, the acquisition could contribute $2-3 million to Tenable's revenue in the latter half of the year.
Tenable has enhanced its partnership with ServiceNow to integrate asset inventory and vulnerability data from Tenable.ot, facilitating streamlined IT and operational technology (OT) remediation workflows. This integration allows organizations to manage IT and OT vulnerabilities using a unified platform, thus improving visibility and control over assets in increasingly complex industrial networks. The integration is available at no cost to existing customers and will be discussed at the S4x22 ICS Conference on April 20.
Tenable (NASDAQ: TENB) will release its financial results for the first quarter ended March 31, 2022, after the market close on April 26, 2022. A conference call will follow at 4:30 p.m. ET to discuss the results. The event will be accessible via a live webcast on the Tenable Investor Relations website and by dial-in. This announcement reflects Tenable's ongoing communication with investors, highlighting its commitment to transparency in reporting financial performance.
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