Tenable Holdings - TENB STOCK NEWS

Tenable (Nasdaq: TENB) reported Q1 2021 revenue of $123.2 million, a 20% year-over-year increase. The company added 331 new enterprise customers and 29 six-figure customers. Despite a GAAP loss from operations of $5.8 million, non-GAAP income reached $13.9 million, with non-GAAP diluted EPS at $0.13. Cash flow was strong, with $38.6 million from operations and $37.6 million in free cash flow. Looking ahead, TENB expects Q2 revenue between $124 million and $126 million and 2021 revenue of $520 million to $524 million.

Tenable Holdings (NASDAQ: TENB) announced the acquisition of Alsid SAS, a leader in securing Active Directory, for approximately $98 million in cash, marking a significant milestone in Tenable’s strategy to enhance cyber risk management. This acquisition enables the launch of Tenable.ad, leveraging Alsid's technology to address vulnerabilities in Active Directory environments, which affects 90% of Fortune 1000 companies. CEO Amit Yoran emphasized the importance of understanding Active Directory security to manage cyber risks effectively.

Tenable (NASDAQ: TENB) will release its financial results for the first quarter ended March 31, 2021, after market close on April 27, 2021. A conference call will follow at 4:30 p.m. ET to discuss these results.

The event will be accessible via a live webcast on the Tenable Investor Relations website. A replay of the webcast will be available until May 11, 2021. Tenable serves over 30,000 organizations worldwide and has established itself as a leader in Cyber Exposure.

Tenable announced a strategic partnership with HCL BigFix to enhance vulnerability assessment and remediation.

This integration links Tenable.sc with HCL BigFix’s Insights for Vulnerability Remediation, allowing joint customers to prioritize vulnerabilities based on risk, thus reducing time-to-remediation.

Key features include predictive technologies and extensive remediation capabilities, addressing the issues of inefficient manual processes and lengthy remediation times.

Tenable has been recognized as a finalist in two categories — Best Security Company and Best SCADA Security Solution for Tenable.ot — at the 2021 SC Awards. The company provides risk-based vulnerability management solutions to over 30,000 organizations, including over 50% of the Fortune 500. Their recent innovation, Frictionless Assessment, enhances cloud security without the need for complex deployments. Tenable aims to assist organizations in understanding and mitigating cyber risks affecting both IT and operational technology.

Tenable has partnered with the Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC), becoming the first vulnerability management vendor to do so. This collaboration aims to boost threat and vulnerability intelligence sharing within the retail and hospitality sectors, which are increasingly targeted by cyber threats. Tenable will leverage its expertise to assist members in navigating risks associated with digital transformations. The partnership underscores Tenable's commitment to enhancing security measures across converged environments.

Tenable has been recognized by CRN in its annual Security 100 list, highlighting top IT channel security vendors. Key members of Tenable's channel leadership were honored as Channel Chiefs for their dedication to the Tenable Assure Partner Program. The company continues to enhance its presence in the cybersecurity market by investing in its channel partners, providing new features for its MSSP portal, and supporting vulnerability management services. These initiatives are crucial as organizations increasingly seek trusted partners to navigate cybersecurity challenges.

Tenable has launched Tenable.ep, the first all-in-one, risk-based vulnerability management platform designed for dynamic compute environments. This platform integrates Tenable's key products, including Tenable.io Vulnerability Management and Tenable.io Web Application Scanning, into a unified dashboard that enhances asset and vulnerability visibility. With a flexible asset-based licensing model, organizations can adapt their vulnerability management efforts in real-time. Tenable.ep is accessible for both new and existing customers, continuing to support separate product solutions.

Tenable Holdings, Inc. (NASDAQ: TENB) announced a definitive agreement to acquire Alsid SAS for $98 million. Alsid specializes in Active Directory security, offering a SaaS solution that monitors security vulnerabilities in real-time. The acquisition aims to enhance Tenable's Cyber Exposure platform, particularly in managing risks associated with user privileges and Active Directory. Expected benefits include a 1% revenue growth and a contribution of $15-20 million to operating expenses in 2021. The acquisition is set to close in early Q2 2021, pending regulatory approval.