Tenable Holdings Stock Price, News & Analysis

Tenable announces enhanced capabilities in its OT Security platform aimed at improving security, compliance, and visibility for operational technology environments. These updates include advanced asset discovery, vulnerability detection, and improved dashboards, leveraging the integration with Nessus. The platform supports a variety of controllers and enhances scanning functionalities. Additionally, it offers localization in four languages, reducing training costs for non-English regions. This update follows Tenable's recognition as a leader in Forrester Wave™ for ICS Security Solutions and notable sales growth.

Tenable released its 2022 Threat Landscape Report, highlighting persistent threats from known vulnerabilities, many of which are up to five years old. The report analyzed 1,335 data breach incidents from November 2021 to October 2022, revealing that over 2.29 billion records were exposed. Key findings include the dominance of ransomware as the leading attack method, with groups like LockBit and Hive being the most active. Furthermore, the report underscores the need for preventive security measures, as many organizations failed to patch high-severity vulnerabilities like those in Microsoft Exchange and Fortinet VPNs.

Tenable, the Exposure Management company, announced that its chairman and CEO, Amit Yoran, along with CFO Steve Vintz, will participate in the Morgan Stanley Technology, Media & Telecom Conference scheduled for March 8, 2023. This engagement provides a platform to discuss Tenable's strategies and performance in the cyber risk management space. A webcast of the event will be available for viewing. Tenable serves around 43,000 organizations worldwide, including 60% of the Fortune 500, solidifying its position as a leader in the field.

Tenable has introduced a Cyber Insurance Report within its Tenable Vulnerability Management solution to assist cyber insurance providers in evaluating risk more effectively. This report enables insurers to measure a company's preventive security practices by utilizing internal vulnerability data, thereby streamlining the underwriting process. Additionally, Tenable has partnered with Measured Analytics and Insurance to offer savings on cyber insurance policies to qualifying customers. This collaboration aims to address challenges faced in the current cyber insurance market, where obtaining coverage can be lengthy and complicated.

Tenable has been honored as Vendor of the Year by Ingram Micro for its exemplary partner program and dedication to channel partners and customers. The recognition reflects Tenable's strong investment in partnerships, particularly through the Tenable Assure program, which aids partners in delivering effective exposure management solutions. The awards ceremony was held in December 2022, emphasizing Tenable's commitment to enhancing customer understanding of cyber risks. This achievement underscores the significance of Tenable's collaborative efforts with partners to drive business growth and value.

Tenable Holdings, Inc. (NASDAQ: TENB) reported strong financial results for Q4 and the full year of 2022. Q4 revenue reached $184.6 million, marking a 24% increase year-over-year, while full-year revenue hit $683.2 million, up 26%. The company added 571 new enterprise customers in Q4, with 140 net new six-figure customers. Despite a GAAP net loss of $21.5 million for Q4, Non-GAAP net income improved to $14.2 million. For Q1 2023, Tenable expects revenue between $186 million to $188 million, and diluted EPS in the range of $0.02 to $0.03.

Tenable recently announced that five of its channel leaders were named to CRN's 2023 Channel Chiefs list, recognizing their commitment to enhancing the partner ecosystem. The honored leaders include Terry Dolce, Jeff Brooks, Trevor Henney, Greg Goetz, and Christopher Blando. According to the announcement, Tenable focuses on supporting its partners to help clients manage and mitigate cyber risks through effective exposure management. The recognition highlights Tenable's efforts in driving innovation and strengthening partnerships within the IT channel, ultimately benefiting customers in securing their digital assets.

Tenable has launched Tenable Ventures, a global investment initiative aiming to support early-stage startups that enhance cybersecurity capabilities. The program will initially invest up to $25 million in startups focusing on exposure management solutions, particularly in competitive markets like Israel and the U.S.. The goal is to collaborate with these startups on product design and strategies addressing cybersecurity risks. Tenable seeks to invest in companies utilizing innovative technologies such as cloud security and identity management, thereby expanding the exposure management ecosystem and integrating solutions into the Tenable One platform.

Tenable (NASDAQ: TENB) announced it will release its financial results for the fourth quarter and full year ending December 31, 2022, on February 7, 2023, after U.S. market close. The company will host a conference call at 4:30 p.m. EDT to discuss these results. A live webcast will be accessible on its Investor Relations website. Known for its Nessus platform, Tenable supports approximately 40,000 organizations, including 60% of the Fortune 500, in managing cyber risk. This announcement highlights Tenable’s ongoing commitment to transparency and investor engagement.