Tenable (NASDAQ:TENB) Updates FY 2026 Earnings Guidance

29 Jul 2026, 19:41 by Teresa Graham · The Cerbat Gem

Tenable (NASDAQ:TENB – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share 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.

Tenable Trading Up 0.4%

NASDAQ:TENB traded up $0.11 during mid-day trading on Wednesday, hitting $31.48. 3,959,999 shares of the stock traded hands, compared to its average volume of 3,251,784. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of -314.80 and a beta of 0.93. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67. The firm’s 50 day moving average is $31.69 and its two-hundred day moving average is $24.43. 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 (NASDAQ:TENB – Get Free Report) 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. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The firm had revenue of $268.51 million during the quarter, compared to analyst estimates 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, equities research analysts predict that Tenable will post 0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TENB shares. TD Cowen upped their target price on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, July 13th. UBS Group lowered Tenable from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a report on Friday, July 24th. Scotiabank upgraded Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target on the stock in a report on Monday, July 6th. Weiss Ratings upgraded shares of Tenable from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 9th. Finally, Robert W. Baird set a $34.00 target price on Tenable in a research note on Thursday, April 30th. 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, Tenable presently has a consensus rating of “Hold” and a consensus target price of $33.42.

Get Our Latest Report on Tenable

Key Headlines Impacting Tenable

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. Ameriprise Financial Inc. raised its position 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 last quarter. First Trust Advisors LP raised its holdings 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 buying an additional 1,023,671 shares during the period. Shapiro Capital Management LLC boosted its position in shares of Tenable by 38.8% during the 3rd 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 during the period. State Street Corp boosted its position in shares of 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 buying an additional 43,098 shares during the period. Finally, Morgan Stanley boosted its position in shares of 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 buying an additional 413,419 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About Tenable

(Get Free Report)

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.