Tenable (NASDAQ:TENB) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Tenable (NASDAQ:TENB) from a buy rating to a strong-buy rating in a report released on Saturday.

Several other research firms have also weighed in on TENB. TD Cowen lifted their price objective on shares of Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Barclays lowered their target price on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday. William Blair cut shares of Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. DA Davidson boosted their price target on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Finally, Piper Sandler lowered shares of Tenable from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $35.00 to $30.00 in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of “Hold” and an average target price of $34.68.

Tenable Price Performance

Shares of TENB opened at $32.64 on Friday. The company has a current ratio of 0.85, a quick 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 stock has a market cap of $3.60 billion, a P/E ratio of 652.93 and a beta of 0.93. The stock’s 50-day moving average price is $32.10 and its two-hundred day moving average price is $24.61.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 13.58% and a net margin of 0.65%.The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. 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, equities analysts predict that Tenable will post 0.5 earnings per share for the current year.

Institutional Trading of Tenable

A number of large investors have recently bought and sold shares of TENB. Vanguard Group Inc. lifted its stake in Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after buying an additional 465,039 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Tenable by 11.0% in the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after buying an additional 713,291 shares during the period. First Trust Advisors LP boosted its holdings in shares of Tenable by 31.8% in the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after buying an additional 1,023,671 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after acquiring an additional 2,375,587 shares in the last quarter. Finally, Shapiro Capital Management LLC increased 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 acquiring an additional 1,010,230 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

Tenable News Summary

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable exceeded Q2 expectations, reporting adjusted EPS of $0.51 versus the $0.47 consensus and revenue of $268.51 million versus estimates of $264.87 million. Revenue increased 8.6% year over year. Tenable Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued stronger-than-expected EPS guidance, forecasting Q3 EPS of $0.49–$0.52 versus the $0.42 consensus and full-year EPS of $1.95–$2.00 versus the $1.66 consensus. The outlook reflects momentum in Tenable One, artificial intelligence offerings and customer expansion. TENB Q2 Earnings Beat and Outlook Raised
• Positive Sentiment: Needham raised its price target to $36 from $30 and Canaccord Genuity increased its target to $36 from $30; both firms maintained or initiated a “buy” view. Needham Raises Tenable Price Target
• Neutral Sentiment: Wells Fargo lowered its target to $35 from $43 while retaining an “equal weight” rating, and Barclays and Truist reaffirmed “hold” ratings. Truist separately reduced its target to $30 from $40, signaling limited near-term conviction.
• Negative Sentiment: Piper Sandler cut its rating on Tenable, adding to investor concerns that the improved outlook may already be reflected in the stock’s valuation. Piper Sandler Cuts Tenable Rating

Tenable Company Profile

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.