Tenable Holdings Stock Price, News & Analysis

Tenable has enhanced its Tenable One Exposure Management Platform to support on-premises and hybrid deployments through integration with Tenable Security Center 6.1. This upgrade simplifies exposure management, allowing customers to transition more swiftly to the cloud while maintaining flexibility in deployment options. Tenable is now the sole vendor providing exposure management for both on-premises and hybrid models. Customers gain access to advanced features like Lumin Exposure View and Attack Path Analysis, enhancing cyber risk visibility and remediation prioritization. Tenable Security Center 6.1 is set for general availability in Q2 2023, with a customer update webinar scheduled for May 11. Tenable serves nearly 43,000 organizations globally, including a significant portion of the Fortune 500, emphasizing its pivotal role in managing cyber risk.

Tenable Holdings (NASDAQ: TENB) reported robust Q1 2023 financial results, showcasing an 18% increase in revenue year-over-year, totaling $188.8 million. The calculated current billings reached $176.8 million, marking a 13% increase. Despite a GAAP loss from operations of $19.2 million and a net loss of $25.1 million, non-GAAP measures indicate strength with $18.1 million in income from operations and a net income of $13.1 million. Tenable added 379 new enterprise customers and launched enhanced security features, including cloud security posture management capabilities. For Q2 2023, revenue guidance is projected between $189.0 million and $191.0 million, while full-year revenue is expected between $775.0 million and $785.0 million.

Tenable has enhanced its Technology Ecosystem Program to include Tenable OT Security, expanding its offerings in exposure management solutions. This strategic move aims to address the rising cyber threats by engaging over 125 security and IT partners, facilitating more than 250 product integrations. Key program benefits for partners include marketing support, use of APIs at no cost, and resources to streamline integration processes. Notably, the company also announced the winners of its Global Partner Awards during the Tenable AssureWorld 2023 virtual conference. With approximately 43,000 organizations trusting Tenable for cyber risk management, this expansion highlights the company's commitment to enhancing security frameworks and reducing vulnerabilities.

Tenable has announced that Wärtsilä will implement Tenable OT Security to enhance its operational technology (OT) asset management. This partnership aims to automate asset inventory collection, streamline compliance reporting, and improve vulnerability tracking. By utilizing this solution, Wärtsilä will enable its customers to visualize their OT environments, thereby mitigating supply chain risks and enhancing cybersecurity measures.

This deployment follows a significant challenge faced by Wärtsilä, which previously relied on manual data collection through spreadsheets. The advanced features of Tenable OT Security allow for accurate asset reporting, aiding in proactive cybersecurity strategies and compliance with industry standards.

Wärtsilä is recognized as a leader in sustainable technology and reported net sales of EUR 4.8 billion in 2021.

Tenable, the Exposure Management company, announced that its chairman and CEO, Amit Yoran, along with CFO, Steve Vintz, will participate in key industry events. They are scheduled to attend the 32nd Annual RSA Conference from April 24-27, 2023, and the 51st Annual J.P. Morgan Global Technology, Media & Communications Conference from May 22-24, 2023. Notably, Amit Yoran will also ring the NASDAQ closing bell on May 8, 2023, at 4:00 PM EDT, highlighting Tenable’s commitment to reducing cyber risk.

With approximately 43,000 organizations globally relying on Tenable's solutions, the company continues to be a leader in cybersecurity. For further information and webcast links, visit the Tenable investor relations page.

Tenable (NASDAQ: TENB), the Exposure Management company, will release its financial results for Q1 2023 after the U.S. market close on April 24, 2023. The company typically announces quarterly results on Tuesdays; however, this date precedes the RSA Conference on April 25. A conference call will be held at 4:30 p.m. ET to discuss the results, with a live webcast available on the Tenable Investor Relations website. The investor community can dial in domestically at 1-877-407-9716 or internationally at 1-201-493-6779. A replay of the event will be accessible until May 8, 2023.

Approximately 43,000 organizations worldwide, including about 60% of the Fortune 500, depend on Tenable to mitigate cyber risks.

Tenable has been awarded the Best Global Culture accolade for the second consecutive year, achieving an overall culture score of A+ and ranking 26th among large firms. The company also received recognition for Best Company Outlook, with high employee morale and confidence in future success. Departments such as Engineering, Product and Design, and Marketing were also highlighted for their contributions. These awards stem from anonymous employee feedback across various workplace topics, emphasizing Tenable's commitment to a positive culture and growth. Notably, 95% of employees take pride in their association with Tenable.

Strivacity has secured $20 million in Series A2 funding led by SignalFire, with participation from Ten Eleven Ventures and notable investors like Kevin Mandia and Jack Huffard. This investment raises Strivacity's total funding to $28 million. The company specializes in customer identity and access management (CIAM), aiming to simplify and secure customer sign-in experiences for Fortune 1000 firms. Strivacity's platform was recently recognized as a leader in the Forrester Wave report, earning top scores across 13 criteria. The funding will be directed towards product development and go-to-market initiatives.