Tenable Holdings AI Stock Analysis
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Tenable Holdings (TENB) AI Stock Analysis
Tenable Holdings
(NASDAQ:TENB)
TENB scores well overall primarily on improving operating performance and strong, rising free cash flow, reinforced by a very positive earnings update with raised guidance and strong platform adoption. Technicals also support the score given a clear uptrend, though momentum is stretched. The biggest offset is valuation risk from an extremely high P/E, alongside balance-sheet weakness from negative equity and higher debt.
Tenable Holdings Key Performance Indicators (KPIs)
Revenue by GeographyBreaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
The Americas remain Tenable’s anchor, but EMEA is becoming an increasingly important growth engine, expanding faster over the period and recovering from a brief early-2026 pullback. APAC is smaller yet notably consistent, suggesting a broadening international base rather than dependence on one region. The European postal-service win and FedRAMP High authorization could further support EMEA momentum, while rising Tenable One adoption may improve expansion across geographies. Still, the recent regional volatility reinforces that stronger bookings and platform adoption must translate into sustained revenue acceleration.
The FlyTenable Holdings (TENB) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $4.26B
- Dividend Yield
- ―
- Average Volume (3M)
- 4.19M
- Price to Earnings (P/E)
- 283.4
- Beta (1Y)
- 1.25
- Revenue Growth
- 9.53%
- EPS Growth
- ―
- Country
- US
- Employees
- 1,995
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Infrastructure
Tenable Holdings Business Overview & Revenue Model
Company Description
Tenable Holdings, Inc. is a cybersecurity firm that specializes in providing comprehensive solutions to identify and manage an organization's exposure to cyber risks. Their services extend globally, catering to clients across the Americas, Europe, th...
How the Company Makes Money
Tenable primarily makes money by selling cybersecurity software through recurring subscriptions and related services. Its core revenue stream is subscription revenue from customers licensing access to Tenable’s platforms and products (including cloud...
Tenable Holdings Earnings Call Summary
The call was strongly positive. Highlights significantly outweighed the limited lowlights, with accelerating net dollar expansion, record Tenable One adoption, strong platform conversions, higher profitability, raised full-year guidance, robust Hexa AI usage and multiple competitive wins. The main cautions were that Q4 revenue growth is guided below the Q3 rate and that the business impact of PHP2Shell remains unquantified.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For full year 2026, Tenable raised its guidance range for revenue to $1.084 billion to $1.087 billion, representing a year-over-year increase of 8.6% at the midpoint; non-GAAP operating income to $270 million to $273 million or 25.0% of revenue at the midpoint, which is a year-over-year increase of 310 basis points; non-GAAP net income to $250 million to $253 million, representing a year-over-year increase of 29.4% at the midpoint; and non-GAAP diluted earnings per share to a range of $2.16 to $2.19, representing a year-over-year increase of $0.59 at the midpoint. For Q4, Tenable expects revenue to be in the range of $277 million to $280 million, representing a year-over-year increase of 6.9% at the midpoint; non-GAAP income from operations to be in the range of $67.1 million to $70.1 million or 24.6% of revenue at the midpoint; non-GAAP net income to be in the range of $63.6 million to $66.6 million, representing a year-over-year increase of 13.6% at the midpoint; and non-GAAP diluted earnings per share to be in the range of $0.56 to $0.58 per share, representing a year-over-year increase of $0.09 at the midpoint. CCB growth will probably tick up slightly in Q4, the 107% expansion rate probably stays, remains intact in Q4, and gross margin will probably remain about there, in the low 80s.
Tenable Holdings Financial Statement Overview
Summary
Strong and improving cash generation (consistently positive and growing free cash flow) and a clear profitability inflection with durable high gross margins are major positives. However, balance-sheet risk is significant: stockholders’ equity is negative in TTM and total debt increased sharply, reducing financial flexibility despite better earnings.
Income Statement
72PositiveBalance Sheet
38NegativeCash Flow
86Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.07B | 999.40M | 900.02M | 798.71M | 683.19M | 541.13M |
| Gross Profit | 833.86M | 780.47M | 700.35M | 615.13M | 528.40M | 434.73M |
| EBITDA | 110.74M | 47.44M | 46.24M | -8.95M | -44.09M | -27.56M |
| Net Income | 15.78M | -36.12M | -36.30M | -78.28M | -92.22M | -46.68M |
Balance Sheet | ||||||
| Total Assets | 1.77B | 1.75B | 1.74B | 1.61B | 1.44B | 1.25B |
| Cash, Cash Equivalents and Short-Term Investments | 495.26M | 402.18M | 577.19M | 473.97M | 567.43M | 512.29M |
| Total Debt | 841.09M | 465.56M | 422.31M | 413.31M | 423.12M | 422.09M |
| Total Liabilities | 1.80B | 1.42B | 1.34B | 1.26B | 1.17B | 1.03B |
| Stockholders Equity | -26.47M | 326.38M | 399.95M | 346.34M | 270.87M | 215.31M |
Cash Flow | ||||||
| Free Cash Flow | 279.65M | 254.65M | 213.23M | 141.10M | 112.00M | 90.20M |
| Operating Cash Flow | 289.56M | 266.75M | 217.48M | 149.85M | 131.15M | 96.77M |
| Investing Cash Flow | 12.95M | -174.58M | -41.43M | -212.62M | -128.04M | -391.59M |
| Financing Cash Flow | -155.34M | -234.09M | -79.40M | 1.25M | 23.32M | 397.65M |
Tenable Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TENB, the sentiment is Neutral. The current price of 40.76 is below the 20-day moving average (MA) of 44.59, above the 50-day MA of 39.75, and above the 200-day MA of 29.83, indicating a neutral trend. The MACD of 0.55 indicates Positive momentum. The RSI at 44.74 is Neutral, neither overbought nor oversold. The STOCH value of 19.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TENB.
Tenable Holdings Risk Analysis
Tenable Holdings disclosed 52 risk factors in its most recent earnings report. Tenable Holdings reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksTenable Holdings Peers Comparison
Overall Rating
QLYS81Outperform
CRWD77Outperform- TENB70Outperform
PANW69Neutral
RPD58Neutral
VRNS57Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| QLYS | 81Outperform | $6.04B | 28.63 | 36.47% | ― | 11.00% | 16.10% |
| CRWD | 77Outperform | $235.37B | 6437.78 | 1.29% | ― | 24.30% | ― |
| TENB | 70Outperform | $4.29B | 283.45 | 8.46% | ― | 9.53% | ― |
| PANW | 69Neutral | $264.18B | 700.52 | 1.68% | ― | 24.49% | -68.55% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| RPD | 58Neutral | $986.92M | 70.36 | 7.41% | ― | -0.97% | -40.36% |
| VRNS | 57Neutral | $5.66B | -37.08 | -31.72% | ― | 18.07% | -30.64% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TENB | Tenable Holdings | 40.76 | 14.70 | 56.41% | |
| PANW | Palo Alto Networks | 322.24 | 119.34 | 58.82% | |
| QLYS | Qualys Inc | 172.94 | 33.48 | 24.01% | |
| VRNS | Varonis Systems | 48.94 | 15.77 | 47.54% | |
| RPD | Rapid7 Inc. | 14.41 | 0.95 | 7.06% | |
| CRWD | Crowdstrike Holdings | 226.61 | 94.17 | 71.10% |
Tenable Holdings Corporate Events
Tenable Holdings Secures New $400 Million Credit Facility
PositiveOn October 13, 2026, Tenable Holdings closed a new $400 million senior secured revolving credit facility with JPMorgan Chase Bank acting as administrative and collateral agent, featuring a $40 million letter of credit sublimit and a five-year maturit...
Tenable Adds Cloud Security Leader Charlie Bell to Board
PositiveOn October 5, 2026, Tenable’s board expanded from 10 to 11 members and appointed longtime cloud and security executive Charlie Bell as a Class III director, with his term running until the 2027 annual shareholder meeting. Bell, currently an executive...
Tenable Holdings Completes Convertible Notes Offering and Buybacks
PositiveOn September 15, 2026, Tenable Holdings, Inc. completed an $800 million private offering of 0.25% Convertible Senior Notes due 2031, including the full exercise of the purchasers’ option, and put in place an indenture that details conversion triggers...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 29, 2026