Tenable Holdings Stock Price, News & Analysis

Tenable Holdings has officially completed its acquisition of Bit Discovery, enhancing its external attack surface management capabilities. This new offering, Tenable.asm, will allow organizations to identify and map their entire digital footprint, enabling improved security measures against potential attacks. The integration of foundational discovery functionalities into existing products, such as Tenable.io and Tenable.sc, is also set for early Q3 2022 at no extra cost. This acquisition is strategic for Tenable as it strengthens its position in the cybersecurity market.

Tenable, the Cyber Exposure company, announced that CFO Steve Vintz will attend two investor conferences, accompanied by CEO Amit Yoran. The events include the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, and the 42nd Annual William Blair Growth Stock Conference on June 6, 2022. These presentations aim to discuss Tenable's role in cyber risk management, which is crucial for approximately 40,000 organizations globally, including 60% of the Fortune 500. For more information, visit tenable.com.

Tenable has integrated Terrascan into its Nessus platform, enhancing cloud security capabilities for developers. This open-source Infrastructure as Code scanner allows for early detection of security issues in cloud applications. With over 500 predefined security policies, Terrascan helps streamline the development process by automating cloud security assessments, ultimately speeding up delivery and reducing risks. Tenable remains committed to the Terrascan community, focusing on usability and further development.

Tenable has been ranked #1 globally for device vulnerability management market share for 2020, marking its third consecutive year of leadership, according to the IDC Report. Respondents cited best-in-class technology as the primary reason for their choice. Tenable's success stems from its strong acquisition strategy and extensive product portfolio, which enhances its platform's risk-assessment capabilities.

Tenable Holdings, Inc. (TENB) reported Q1 2022 revenue of $159.4 million, marking a 29% year-over-year increase. The company added 459 new enterprise customers and achieved calculated current billings of $156.5 million, up 31%. Despite a GAAP loss from operations of $17.5 million, Tenable's non-GAAP income was $12.5 million. For Q2 2022, the projected revenue ranges from $162.0 million to $164.0 million, and for the full year, revenue is expected between $673.0 million and $679.0 million.

Tenable Holdings (TENB) announced an agreement to acquire Bit Discovery, a leader in external attack surface management, for $44.5 million in cash. This acquisition aims to enhance Tenable’s Cyber Exposure solutions by delivering a comprehensive 360-degree view of both external and internal security risks. Bit Discovery's technology will enable continuous monitoring of internet-facing assets, thus improving cybersecurity posture. Although not expected to significantly impact financial results in Q2 2022, the acquisition could contribute $2-3 million to Tenable's revenue in the latter half of the year.

Tenable has enhanced its partnership with ServiceNow to integrate asset inventory and vulnerability data from Tenable.ot, facilitating streamlined IT and operational technology (OT) remediation workflows. This integration allows organizations to manage IT and OT vulnerabilities using a unified platform, thus improving visibility and control over assets in increasingly complex industrial networks. The integration is available at no cost to existing customers and will be discussed at the S4x22 ICS Conference on April 20.

Tenable (NASDAQ: TENB) will release its financial results for the first quarter ended March 31, 2022, after the market close on April 26, 2022. A conference call will follow at 4:30 p.m. ET to discuss the results. The event will be accessible via a live webcast on the Tenable Investor Relations website and by dial-in. This announcement reflects Tenable's ongoing communication with investors, highlighting its commitment to transparency in reporting financial performance.

Tenable has launched a new product certification program aimed at enhancing customer credibility while maximizing the value of its solutions. This initiative covers Tenable.io®, Tenable.sc™, and Tenable.ot™ and is designed to strengthen users' understanding of vulnerability management tools. The program includes a written and practical exam costing $195 and $295, respectively, enabling participants to showcase credentials on resumes and social media. This move addresses the widening skills gap in cybersecurity and supports career advancement opportunities.