Tenable (NASDAQ:TENB) Updates FY 2026 Earnings Guidance

Tenable (NASDAQ:TENB) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.900-1.980 for the period, compared to the consensus EPS estimate of 1.580. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Tenable also updated its Q2 2026 guidance to 0.460-0.48 EPS.

Tenable Stock Down 2.7%

Shares of TENB stock traded down $0.58 during midday trading on Thursday, reaching $20.89. 8,133,440 shares of the stock were exchanged, compared to its average volume of 2,980,130. Tenable has a 1 year low of $15.73 and a 1 year high of $35.69. The company’s 50 day moving average is $19.22 and its two-hundred day moving average is $23.12. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The firm has a market cap of $2.39 billion, a PE ratio of -69.63 and a beta of 0.75.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, equities research analysts predict that Tenable will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on TENB. Needham & Company LLC lowered their price objective on Tenable from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a research report on Tuesday, April 21st. Wall Street Zen cut Tenable from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. lowered their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Finally, Stephens lowered their price objective on Tenable from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.94.

Insider Buying and Selling

In other Tenable news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were acquired at an average cost of $21.50 per share, with a total value of $258,000.00. Following the completion of the acquisition, the director directly owned 51,731 shares in the company, valued at $1,112,216.50. The trade was a 30.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Key Stories Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable reported Q1 results that beat consensus (EPS $0.47 vs. $0.41; revenue $262.1M vs. $258.8M) and raised guidance sharply — Q2 EPS guide of $0.460–0.48 vs. consensus ~$0.37 and FY26 EPS guide of $1.900–1.980 vs. consensus ~$1.58 — which should support upside if execution continues. Tenable Announces First-Quarter 2026 Financial Results
• Positive Sentiment: Analyst support remains in places: Needham kept a Buy rating and still projects meaningful upside even though it trimmed its price target to $26 (from $28). That shows some sell‑side conviction in Tenable’s growth trajectory. Benzinga The Fly
• Neutral Sentiment: Coverage and disclosure materials (press release, slide deck, conference call) are available for investors to review the cadence and margin assumptions behind the guidance — useful but not an immediate price driver absent new detail. Press Release / Slide Deck
• Negative Sentiment: Some sell‑side moves are weighing on the stock: William Blair downgraded Tenable (coverage note) and Wells Fargo moved its target to $20 with an “equal weight” call — both actions increase near‑term selling pressure and signal caution despite the quarter. William Blair Downgrade Wells Fargo Note
• Negative Sentiment: Market reaction: despite the beat and guide raise, headlines note the stock fell on the print — likely a mix of profit-taking after recent gains, analyst target adjustments, and questions about margins (company still shows a negative net margin). Yahoo Markets

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TENB. Ameriprise Financial Inc. increased its stake in Tenable by 11.0% during the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after acquiring an additional 713,291 shares during the last quarter. First Trust Advisors LP increased its stake in Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after acquiring an additional 1,023,671 shares during the last quarter. Shapiro Capital Management LLC increased its stake in Tenable by 38.8% during the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after acquiring an additional 1,010,230 shares during the last quarter. State Street Corp increased its stake in Tenable by 1.4% during the second quarter. State Street Corp now owns 3,056,055 shares of the company’s stock worth $103,234,000 after acquiring an additional 43,098 shares during the last quarter. Finally, Morgan Stanley increased its stake in Tenable by 17.9% during the fourth quarter. Morgan Stanley now owns 2,728,338 shares of the company’s stock worth $64,198,000 after acquiring an additional 413,419 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.