Tenable Holdings Stock Price, News & Analysis

Tenable Holdings has announced its acquisition of Accurics for approximately $160 million. This strategic move aims to enhance Tenable's offerings in cloud-native security, specifically for Infrastructure as Code (IaC). Accurics' technology allows for programmatic risk detection and automated remediation, improving security throughout the infrastructure lifecycle. The acquisition is expected to close by late Q3 or early Q4 2021, further integrating Accurics’ solutions with Tenable’s existing products for comprehensive cloud security.

COLUMBIA, Md., Sept. 3, 2021 – Tenable, a leader in Cyber Exposure, announced attendance at two key investor conferences. Steve Vintz, Chief Financial Officer, will represent the company at the Piper Sandler Global Technology Conference on September 13, 2021. Later, Amit Yoran, Chairman and CEO, alongside Vintz, will participate in the Jefferies Virtual Software Conference on September 15, 2021. For additional information and webcast links, visit the investor relations page.

SecurityScorecard has partnered with Tenable (Nasdaq: TENB) to enhance cyber risk monitoring. This collaboration integrates SecurityScorecard's external cyber monitoring with Tenable's analytics, allowing organizations to assess their cybersecurity health within the Tenable Lumin dashboard. The partnership aims to provide comprehensive visibility into risk posture and support proactive measures against cyber threats. Key benefits include a unified platform for risk management, reduced cybersecurity product proliferation, and improved communication of cybersecurity metrics to stakeholders.

Tenable, a leader in Cyber Exposure, announced recognition by CRN in the Security Management category at the 2021 CRN Annual Report Card Awards. The company excelled in all subcategories, including product innovation and support, reflecting the trust and leadership established through its Tenable Assure Partner Program. Over 3,000 solution providers rated their satisfaction with vendor performance across 25 product categories. Tenable serves over 30,000 organizations globally, helping them understand and mitigate cyber risk.

Tenable has launched 10 foundational configuration checks for its solutions, including Tenable.io and Nessus, designed to enhance Microsoft Active Directory security. These checks are aimed at detecting vulnerabilities and preventing attacks that exploit Active Directory, crucial for many enterprises given that 90% of the Fortune 1000 utilize it for authentication. The new features are immediately available to existing customers at no additional cost. This initiative responds to the increasing threat landscape characterized by ransomware and sophisticated cyberattacks targeting Active Directory.

Tenable (Nasdaq: TENB) reported Q2 2021 revenue of $130.3 million, up 22% year-over-year, driven by the addition of 399 new enterprise customers and 67 six-figure clients. The company achieved calculated current billings of $136.8 million, a 23% increase year-over-year. While experiencing a GAAP loss from operations of $11.9 million, Tenable reported a non-GAAP income of $11.5 million. The company expects $133.0 million to $135.0 million in revenue for Q3 2021 and is confident in its growth trajectory following the acquisition of Alsid and new credit facility.

Tenable (NASDAQ: TENB) will release its second quarter financial results after market close on July 27, 2021. A conference call is scheduled for 4:30 p.m. ET the same day to discuss these results. Investors can access a live webcast on the Tenable Investor Relations website, with a replay available until August 10, 2021. Tenable serves over 30,000 organizations globally, including more than 50% of the Fortune 500, providing crucial cyber exposure solutions.

Tenable has announced a new credit agreement consisting of a $375 million senior secured term loan and a $50 million senior secured revolving credit facility. The term loan carries an interest rate of 2.75% plus LIBOR, maturing in 2028, while the revolving facility's interest rate ranges from 2.00% to 2.50% over LIBOR, maturing in 2026. The proceeds from this credit facility will be used for general corporate purposes, including capital expenditures and acquisitions. The agreement was arranged by several banks, including JPMorgan and Bank of America.

Tenable has been awarded the Technology Alliances Partner of the Year by BeyondTrust, a leader in Privileged Access Management. This recognition follows BeyondTrust's decision to name Tenable as its exclusive vulnerability management partner after exiting the market in 2020. Tenable aims to help organizations manage vulnerabilities and secure their most valuable assets efficiently. The partnership includes strategic integrations and a sales referral agreement, enhancing visibility and control over privileged accounts, benefiting joint customers.