Tenable Holdings, Inc. develops cybersecurity exposure management software centered on the Tenable One Exposure Management Platform and the company’s Nessus vulnerability-management heritage. News about TENB commonly covers quarterly financial results, enterprise platform adoption, product and packaging updates, and AI-driven exposure-management capabilities such as Tenable Hexa AI.
Company updates also address cloud, identity, operational technology and cyber-physical systems security, including OT asset discovery and Tenable One OT Security. Additional recurring themes include investor communications, executive appointments, research on emerging exposure risks, and market recognition for the company’s exposure assessment and CPS protection offerings.
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.
Tenable has expanded its Technology Ecosystem, achieving a milestone of 100 partners and 200 unique integrations. These integrations enhance security practices by streamlining the vulnerability management process across various security applications. Available at no extra cost with Tenable products, this ecosystem allows for improved visibility, automated workflows, and better management of cybersecurity threats. Key industry players like BeyondTrust, CyberArk, and IBM are among the partners, underscoring Tenable's commitment to enhancing cyber risk management for its customers.
Tenable has announced new capabilities for Tenable.cs, its cloud-native application security platform, enhancing full lifecycle cloud security.
These features enable organizations to programmatically detect and fix cloud misconfigurations during the Software Development Lifecycle (SDLC), ensuring secure deployments and runtime. Tenable.cs aligns with the GitOps philosophy, integrating with developer tools for improved security.
This solution is integrated with Tenable.ep and Tenable.io, offering unified visibility and analytics for comprehensive cyber risk management.
Tenable Holdings (NASDAQ: TENB) reported strong Q4 2021 financials with revenue of $149.0 million, up 26% year-over-year, and full-year revenue reaching $541.1 million, a 23% increase. The company added 562 new enterprise platform customers in Q4, with calculated current billings at $194.0 million, reflecting a 29% year-over-year growth. However, GAAP net loss was $11.0 million for Q4, worsening from a $1.9 million loss a year prior. The company anticipates Q1 2022 revenue between $152.0 million and $154.0 million.
Tenable Holdings, Inc. (Nasdaq: TENB) announced its agreement to acquire Cymptom, a leader in attack path management, aimed at enhancing cybersecurity measures. This acquisition will integrate Cymptom’s agentless platform into Tenable’s existing systems to strengthen threat evaluation and risk prioritization, utilizing the MITRE ATT&CK framework. The deal, terms undisclosed, is anticipated to close in Q1 2022, and aims to augment Tenable's capabilities in identifying exploitable vulnerabilities, thereby improving the security posture of approximately 40,000 organizations globally.