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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 released a report at the RSA Conference 2023, detailing how generative AI is transforming security research. The report showcases four innovative tools created by the Tenable Research team to enhance efficiency in areas like reverse engineering, code debugging, and web application security. These tools are publicly available to the security research community via a GitHub repository. One highlighted tool, G-3PO, is introduced by Olivia Fraser, a Tenable Staff Research Engineer, in a detailed video. The report also addresses cognitive bias, suggesting how generative AI can be effectively utilized by researchers.
Tenable has enhanced its Tenable One Exposure Management Platform to support on-premises and hybrid deployments through integration with Tenable Security Center 6.1. This upgrade simplifies exposure management, allowing customers to transition more swiftly to the cloud while maintaining flexibility in deployment options. Tenable is now the sole vendor providing exposure management for both on-premises and hybrid models. Customers gain access to advanced features like Lumin Exposure View and Attack Path Analysis, enhancing cyber risk visibility and remediation prioritization. Tenable Security Center 6.1 is set for general availability in Q2 2023, with a customer update webinar scheduled for May 11. Tenable serves nearly 43,000 organizations globally, including a significant portion of the Fortune 500, emphasizing its pivotal role in managing cyber risk.
Tenable Holdings (NASDAQ: TENB) reported robust Q1 2023 financial results, showcasing an 18% increase in revenue year-over-year, totaling $188.8 million. The calculated current billings reached $176.8 million, marking a 13% increase. Despite a GAAP loss from operations of $19.2 million and a net loss of $25.1 million, non-GAAP measures indicate strength with $18.1 million in income from operations and a net income of $13.1 million. Tenable added 379 new enterprise customers and launched enhanced security features, including cloud security posture management capabilities. For Q2 2023, revenue guidance is projected between $189.0 million and $191.0 million, while full-year revenue is expected between $775.0 million and $785.0 million.
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