Tenable (NASDAQ:TENB) Issues FY 2026 Earnings Guidance

Tenable (NASDAQ:TENB) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.810-1.900 for the period, compared to the consensus EPS estimate of 1.200. 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 Q1 2026 guidance to 0.390-0.420 EPS.

Wall Street Analysts Forecast Growth

TENB has been the topic of a number of research analyst reports. Needham & Company LLC decreased their target price on Tenable from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. decreased their price objective on Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $30.00 target price on shares of Tenable in a research report on Friday. Scotiabank reduced their price target on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Finally, Morgan Stanley set a $30.00 price target on shares of Tenable in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.41.

Tenable Trading Down 1.6%

TENB stock traded down $0.33 during trading on Wednesday, hitting $19.72. The company had a trading volume of 4,688,469 shares, compared to its average volume of 1,919,603. Tenable has a 52-week low of $19.55 and a 52-week high of $43.68. The company has a 50 day simple moving average of $24.06 and a 200-day simple moving average of $27.70. The firm has a market capitalization of $2.35 billion, a P/E ratio of -73.04 and a beta of 0.63. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. As a group, research analysts forecast that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Key Tenable News

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q4 results topped expectations: revenue $260.5M (+11% YoY) and non‑GAAP EPS $0.48, above estimates — signal of improving commercial traction and margin expansion. Tenable Q4 Press Release
• Positive Sentiment: Aggressive guidance beat: Q1 FY26 non‑GAAP EPS guide $0.39–$0.42 (consensus ~$0.26) and FY26 non‑GAAP EPS guide $1.81–$1.90 (consensus ~$1.20). Management expects revenue ~$1.065–$1.075B for FY26 — this step-up in profitability targets is a major positive for valuation and investor expectations. Guidance Details
• Positive Sentiment: Share repurchase expansion: company raised buyback authorization by $150M (total remaining authorization ~$338M) and completed meaningful repurchases in 2025 — supports EPS and signals management confidence. Buyback Article
• Neutral Sentiment: Business momentum: added 502 new enterprise platform customers and recognition from major analysts for its AI‑powered Tenable One platform — positive operational signals but longer‑term monetization still under watch. Business Highlights
• Neutral Sentiment: Metric change: company said it will move away from relying on “calculated current billings” due to distortions from billing-duration shifts — reduces one visibility metric for some investors. Guidance & Metrics Note
• Negative Sentiment: GAAP loss and cash decline: GAAP net loss persists (full‑year net loss ~$36.1M) and cash & equivalents down versus prior year — potential concern for risk‑averse investors despite strong free cash flow. Financials
• Negative Sentiment: Insider selling activity reported and mixed analyst sentiment (some holds, a recent Zacks upgrade to strong‑buy) — insider sales can weigh on sentiment while analyst views remain mixed. Zacks Upgrade

Hedge Funds Weigh In On Tenable

Several institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. purchased a new stake in Tenable during the third quarter worth $378,000. Danske Bank A S purchased a new position in shares of Tenable in the 3rd quarter valued at $840,000. CANADA LIFE ASSURANCE Co raised its position in shares of Tenable by 37.6% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 616,210 shares of the company’s stock worth $18,375,000 after acquiring an additional 168,340 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Tenable by 21.5% during the 3rd quarter. Woodline Partners LP now owns 125,092 shares of the company’s stock worth $3,648,000 after purchasing an additional 22,128 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Tenable during the 3rd quarter worth $806,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.