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 1.950-2.000 for the period, compared to the consensus earnings per share estimate of 1.660. 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 Q3 2026 guidance to 0.490-0.520 EPS.

Analysts Set New Price Targets

Several research firms have weighed in on TENB. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price on the stock in a report on Monday, July 6th. Stephens upped their price target on Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Wedbush restated an “outperform” rating and issued a $29.00 price objective on shares of Tenable in a report on Tuesday, May 26th. Susquehanna decreased their target price on shares of Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of Tenable from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tenable currently has a consensus rating of “Hold” and an average price target of $33.42.

Tenable Trading Up 0.4%

Shares of TENB stock traded up $0.11 on Wednesday, hitting $31.48. The stock had a trading volume of 3,956,152 shares, compared to its average volume of 3,251,399. The company’s 50 day moving average price is $31.69 and its 200-day moving average price is $24.43. Tenable has a 1 year low of $15.73 and a 1 year high of $43.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $3.47 billion, a P/E ratio of -314.80 and a beta of 0.93.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Analysts anticipate that Tenable will post 0.49 earnings per share for the current year.

Tenable News Summary

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Raised earnings outlook: Tenable guided for third-quarter 2026 adjusted EPS of $0.49–$0.52, well above the $0.42 analyst consensus. Full-year 2026 EPS guidance of $1.95–$2.00 also exceeded the $1.66 consensus, providing a strong potential catalyst for the stock. Revenue guidance was broadly in line with expectations. Tenable guidance report
• Positive Sentiment: Quarterly earnings beat estimates: Second-quarter revenue increased 8.6% year over year to $268.5 million, exceeding expectations of $264.9 million. Adjusted EPS was $0.51 versus the $0.47 consensus estimate, while non-GAAP operating margin expanded 540 basis points to 24.7%. Operating cash flow was $44.7 million and unlevered free cash flow was $45.3 million, supporting the positive investor reaction. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: AI product expansion: Tenable launched Always On Hexa AI, an autonomous exposure-remediation offering designed to continuously identify and address cybersecurity risks. The product could strengthen Tenable’s competitive position and support longer-term growth, although its near-term financial contribution remains uncertain. Tenable launches Always On Hexa AI
• Neutral Sentiment: Analyst stance remains cautious: Wells Fargo assigned Tenable a Hold rating, indicating limited conviction that the recent rally will continue despite the earnings beat and improved outlook. Tenable receives a Hold from Wells Fargo

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its position in Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after purchasing an additional 1,023,671 shares in the last quarter. Shapiro Capital Management LLC grew its position in shares of 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 buying an additional 1,010,230 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Tenable by 101.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,824,949 shares of the company’s stock worth $42,941,000 after buying an additional 919,047 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of 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 buying an additional 713,291 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Tenable by 1,387.6% in the fourth quarter. Federated Hermes Inc. now owns 721,085 shares of the company’s stock valued at $16,967,000 after acquiring an additional 672,611 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

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.