Tenable (NASDAQ:TENB) Issues Q3 2026 Earnings Guidance

Tenable (NASDAQ:TENB) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.490-0.520 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $270.0 million-$273.0 million, compared to the consensus revenue estimate of $270.2 million. Tenable also updated its FY 2026 guidance to 1.950-2.000 EPS.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TENB shares. Robert W. Baird set a $34.00 target price on shares of Tenable in a research report on Thursday, April 30th. Weiss Ratings raised Tenable from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 9th. Canaccord Genuity Group raised their price objective on Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Jefferies Financial Group upped their target price on Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, May 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $29.00 target price on shares of Tenable in a research report on Tuesday, May 26th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.42.

Tenable Trading Up 0.4%

Shares of NASDAQ TENB traded up $0.11 during midday trading on Wednesday, hitting $31.48. The stock had a trading volume of 3,959,999 shares, compared to its average volume of 3,251,784. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. Tenable has a 1-year low of $15.73 and a 1-year high of $43.67. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of -314.80 and a beta of 0.93. The company has a fifty day moving average price of $31.69 and a 200 day moving average price of $24.43.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The firm had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, analysts predict 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 third-quarter guidance: Tenable forecast adjusted EPS of $0.49–$0.52, well above the $0.42 consensus estimate. Revenue guidance of $270 million–$273 million was broadly in line with expectations, suggesting the upside is primarily earnings-driven.
• Positive Sentiment: Raised full-year outlook: Fiscal 2026 EPS guidance of $1.95–$2.00 exceeded the $1.66 analyst consensus by a wide margin. Full-year revenue guidance was approximately $1.1 billion, generally consistent with expectations. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Beat quarterly estimates: Second-quarter EPS was $0.51 versus the $0.47 consensus, while revenue reached $268.5 million, ahead of the $264.9 million estimate. Revenue grew 8.6% year over year, and non-GAAP operating margin expanded to 24.7%, up 540 basis points. Operating cash flow was $44.7 million and unlevered free cash flow was $45.3 million. Tenable Earnings Results
• Positive Sentiment: AI product launch: Tenable introduced Always On Hexa AI, an autonomous exposure-remediation offering that could strengthen its competitive position and support future growth. Tenable Launches Always On Hexa AI
• Neutral Sentiment: Analyst stance remains cautious: Wells Fargo assigned Tenable a Hold rating, which may limit enthusiasm despite the company’s guidance increases. Wells Fargo Hold Rating

Hedge Funds Weigh In On Tenable

Several hedge funds and other institutional investors have recently bought and sold shares of TENB. Ameriprise Financial Inc. boosted its holdings in Tenable by 11.0% in the 3rd 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 period. First Trust Advisors LP raised its stake in shares of Tenable by 31.8% during the fourth 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 during the period. Shapiro Capital Management LLC lifted 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 purchasing an additional 1,010,230 shares in the last quarter. State Street Corp boosted its stake in shares of Tenable by 1.4% in the second quarter. State Street Corp now owns 3,056,055 shares of the company’s stock valued at $103,234,000 after purchasing an additional 43,098 shares during the period. Finally, Morgan Stanley grew its holdings in Tenable by 17.9% during the 4th quarter. Morgan Stanley now owns 2,728,338 shares of the company’s stock valued at $64,198,000 after purchasing an additional 413,419 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.