Tenable Holdings, Inc. - TENB STOCK NEWS

Tenable has been recognized as the top performer in cloud security by the 2024 CRN Annual Report Card Award. This prestigious accolade in the IT industry honors technology vendors for their excellence in products, partner programs, support, and managed and cloud services.

The award is based on evaluations from solution providers across North America, collected over a six-week period ending in July 2024. Tenable's achievement highlights its commitment to addressing cloud security challenges, including misconfigurations, excessive permissions, and vulnerabilities.

Jeff Brooks, Senior VP of Global Channels and Business Development at Tenable, emphasized the company's collaborative approach with partners to rapidly expose and close cloud security gaps. This recognition underscores Tenable's dedication to fostering strong partnerships and delivering long-term value in the rapidly evolving cloud security landscape.

Tenable, the exposure management company, has appointed Shai Morag as its new Chief Product Officer. Morag, who joined Tenable in 2023 through the acquisition of Ermetic, will focus on driving growth by building security products for a cloud-first world. He has been instrumental in expanding Tenable Cloud Security, developing a powerful CNAPP solution to reduce risk from misconfigurations, risky entitlements, and vulnerabilities.

With over 25 years of experience in product management and technology leadership, Morag previously co-founded and led Secdo, which was acquired by Palo Alto Networks. He also served as CEO of Integrity-Project and spent 10 years as an officer in the Israeli Defense Forces Intelligence Corps Unit 8200. In his new role, Morag aims to extend Tenable's market-defining innovation across its entire portfolio.

Tenable, the exposure management company, has unveiled Vulnerability Intelligence and Exposure Response, two new features for its Vulnerability Management, Tenable One, and Cloud Security products. These capabilities leverage Tenable's vast database of vulnerability data to provide context-driven prioritization and response for IT and cloud environments.

Key features include:

• Threat Landscape Overview with seven curated exposure risk categories
• Natural Language and Advanced Search functionality
• Campaign-Based Initiatives for targeted vulnerability management
• Progress Tracking and Advanced Reporting capabilities

These features aim to help security teams focus on the most critical vulnerabilities, streamline remediation efforts, and communicate value to stakeholders effectively.

Tenable Holdings (TENB) reported strong Q2 2024 financial results, with revenue reaching $221.2 million, up 13% year-over-year. The company's calculated current billings grew 10% to $221.1 million. Despite a GAAP operating loss of $8.8 million, Tenable achieved a non-GAAP income from operations of $42.8 million, significantly higher than the previous year.

Key highlights include:

• Non-GAAP diluted EPS of $0.31, up from $0.22 in Q2 2023
• Cash and short-term investments of $487.0 million as of June 30, 2024
• Addition of 408 new enterprise platform customers and 76 net new six-figure customers

Tenable also acquired Eureka Security to enhance its cloud data security offerings and formed a strategic alliance with Deloitte. The company provided a positive outlook for Q3 2024 and the full year, projecting continued growth in revenue and non-GAAP earnings.

Tenable, the Exposure Management company, has launched a Public Sector Advisory Board (PSAB) for the U.S. market. The inaugural members include Rob Joyce, former Director of Cybersecurity at the NSA, and Mark Weatherford, former Deputy Under Secretary for Cybersecurity at DHS. They will join Tenable's CEO Amit Yoran and SVP James Hayes.

The PSAB aims to address critical cybersecurity challenges and strengthen national cyber defenses by leveraging insights from key public sector influencers and cybersecurity leaders. This initiative focuses on enhancing public sector engagement and bolstering U.S. cyber posture against increasingly sophisticated foreign adversaries.

Both Joyce and Weatherford bring extensive experience in cybersecurity and government roles, emphasizing the importance of public-private collaboration in addressing evolving cyber threats and protecting critical infrastructure.

Tenable (NASDAQ: TENB), the Exposure Management company, has announced the date for its second quarter 2024 earnings conference call. The company will release its financial results for the quarter ended June 30, 2024, after the U.S. market close on Wednesday, July 31, 2024. Tenable will host a conference call at 4:30 p.m. ET on the same day to discuss the results.

Investors and interested parties can access the live webcast of the event on the Tenable Investor Relations website. For those who prefer to dial in, domestic callers can use 1-877-407-9716, while international callers can use 1-201-493-6779. A webcast replay will be available until Wednesday, August 14, 2024.

Tenable announced its agreement to acquire Eureka Security, a DSPM provider for cloud environments. The acquisition, expected to close this month, will integrate Eureka's capabilities into Tenable's CNAPP solution, enhancing data security posture management. This integration aims to provide better visibility and control over cloud data security risks, addressing vulnerabilities, misconfigurations, and over-privileged access. According to Tenable's 2024 Cloud Security Outlook, 95% of surveyed organizations faced cloud-related breaches in the last 18 months, with 92% experiencing sensitive data exposure. Tenable's acquisition of Eureka aims to offer comprehensive cloud security solutions and improve compliance, though it will not significantly impact revenue this year.

Tenable announced a strategic alliance with Deloitte to enhance cybersecurity solutions for clients. Deloitte has integrated the Tenable One Exposure Management Platform, Tenable Cloud Security, and Tenable OT Security into its portfolio. This collaboration focuses on improving vulnerability management, cloud security, and operational technology security. Tenable One offers unified visibility and context-driven risk analytics, helping clients prioritize and mitigate cyber risks. Jeff Brooks from Tenable highlighted the importance of data unification and risk assessment, while Will Burns from Deloitte emphasized the benefits of enriching their cyber ecosystem for clients.

Tenable announced that its CFO, Steve Vintz, will attend the 52nd J.P. Morgan Annual Global Technology, Media and Communications Conference and the 44th Annual William Blair Growth Stock Conference. The events are scheduled for May 20, 2024, and June 6, 2024, respectively.