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 announced a strategic collaboration with Deloitte to enhance security in smart manufacturing environments worldwide. As part of the initiative, Tenable.ot, a solution for securing IT/OT environments, will be showcased in Deloitte's Smart Factory @ Wichita. A study indicates that 86% of manufacturers view smart factories as vital for competitiveness in the next five years. This partnership addresses the growing importance of operational technology security, providing organizations with advanced threat detection and vulnerability management.
Tenable has appointed Niloofar Razi Howe as an independent director, effective May 25, 2021. With extensive experience in cybersecurity and corporate strategy, Howe will contribute to Tenable's mission of enhancing digital transformation and cloud initiatives. Currently a senior partner at Energy Impact Partners, Howe's previous positions include chief strategy officer at RSA and Endgame. Tenable, trusted by over 30,000 organizations globally, aims to provide comprehensive cyber risk visibility across diverse environments, aligning with Howe's vision for holistic security solutions.
Tenable has appointed Nico Popp as Chief Product Officer to lead global engineering and product management. Popp joins from Forcepoint, bringing substantial cybersecurity expertise, particularly in cloud solutions. His role aims to advance Tenable's Cyber Exposure vision, helping organizations better manage cyber risks across diverse environments. With a proven record of innovation and leadership in cloud services, Popp's appointment is expected to enhance Tenable's capabilities in digital transformation and risk prioritization.
Tenable has announced that its Chairman and CEO, Amit Yoran, along with CFO Steve Vintz, will participate in several upcoming investor conferences. The events include the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, exclusively featuring Steve Vintz, followed by the J.P. Morgan Global TMC Week on May 26, 2021, with both Yoran and Vintz attending. Lastly, Vintz will represent the company at the William Blair 41st Growth Stock Conference on June 2, 2021. Further details can be found on Tenable's investor website.
Tenable (Nasdaq: TENB) reported Q1 2021 revenue of $123.2 million, a 20% year-over-year increase. The company added 331 new enterprise customers and 29 six-figure customers. Despite a GAAP loss from operations of $5.8 million, non-GAAP income reached $13.9 million, with non-GAAP diluted EPS at $0.13. Cash flow was strong, with $38.6 million from operations and $37.6 million in free cash flow. Looking ahead, TENB expects Q2 revenue between $124 million and $126 million and 2021 revenue of $520 million to $524 million.
Tenable Holdings (NASDAQ: TENB) announced the acquisition of Alsid SAS, a leader in securing Active Directory, for approximately $98 million in cash, marking a significant milestone in Tenable’s strategy to enhance cyber risk management. This acquisition enables the launch of Tenable.ad, leveraging Alsid's technology to address vulnerabilities in Active Directory environments, which affects 90% of Fortune 1000 companies. CEO Amit Yoran emphasized the importance of understanding Active Directory security to manage cyber risks effectively.
Tenable (NASDAQ: TENB) will release its financial results for the first quarter ended March 31, 2021, after market close on April 27, 2021. A conference call will follow at 4:30 p.m. ET to discuss these results.
The event will be accessible via a live webcast on the Tenable Investor Relations website. A replay of the webcast will be available until May 11, 2021. Tenable serves over 30,000 organizations worldwide and has established itself as a leader in Cyber Exposure.
Tenable announced a strategic partnership with HCL BigFix to enhance vulnerability assessment and remediation.
This integration links Tenable.sc with HCL BigFix’s Insights for Vulnerability Remediation, allowing joint customers to prioritize vulnerabilities based on risk, thus reducing time-to-remediation.
Key features include predictive technologies and extensive remediation capabilities, addressing the issues of inefficient manual processes and lengthy remediation times.
Tenable has been recognized as a finalist in two categories — Best Security Company and Best SCADA Security Solution for Tenable.ot — at the 2021 SC Awards. The company provides risk-based vulnerability management solutions to over 30,000 organizations, including over 50% of the Fortune 500. Their recent innovation, Frictionless Assessment, enhances cloud security without the need for complex deployments. Tenable aims to assist organizations in understanding and mitigating cyber risks affecting both IT and operational technology.
Tenable has partnered with the Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC), becoming the first vulnerability management vendor to do so. This collaboration aims to boost threat and vulnerability intelligence sharing within the retail and hospitality sectors, which are increasingly targeted by cyber threats. Tenable will leverage its expertise to assist members in navigating risks associated with digital transformations. The partnership underscores Tenable's commitment to enhancing security measures across converged environments.
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