Overview
Tenable Q3 revenue grows 11% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, driven by demand for Tenable One platform
Company repurchased 2 mln shares for $60 mln, indicating confidence in market position
Outlook
Tenable expects Q4 revenue between $249.1 mln and $253.1 mln
Company forecasts full-year revenue of $988.0 mln to $992.0 mln
Tenable anticipates 2025 calculated current billings of $1.040 bln to $1.048 bln
Result Drivers
DEMAND FOR PLATFORM - Strong demand for Tenable One Exposure Management platform drove better-than-expected Q3 results, per Co-CEO Steve Vintz
INDUSTRY SHIFT - Co-CEO Mark Thurmond attributes growth to industry shift towards preemptive cybersecurity approaches
CUSTOMER TRUST - Enterprises increasingly trust Tenable's platform for proactive risk management, according to Co-CEO Mark Thurmond
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $252.44 mln | $247.30 mln (21 Analysts) |
Q3 Net Income | $2.26 mln | ||
Q3 Gross Profit | $195.68 mln | ||
Q3 Operating Expenses | $188.55 mln | ||
Q3 Operating Income | $7.13 mln | ||
Q3 Pretax Profit | $2.81 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Tenable Holdings Inc is $40.00, about 24.1% above its October 28 closing price of $30.35
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 21 three months ago
Press Release: ID:nGNX3DBqpp
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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