Welcome to our dedicated page for Tenable Holdings news (Ticker: TENB), a resource for investors and traders seeking the latest updates and insights on Tenable Holdings stock.
Tenable Holdings, Inc. (NASDAQ: TENB) is a cybersecurity company that focuses on exposure management, using an AI-powered platform to expose and help close cybersecurity gaps across IT, cloud, AI, identity, operational technology and other parts of the modern attack surface. The Tenable news feed on this page aggregates company announcements, research releases, analyst recognitions and other updates that reflect how Tenable is evolving its exposure management strategy.
News about Tenable often highlights developments in its Tenable One Exposure Management Platform and Tenable Cloud Security offerings. Readers can find coverage of earnings announcements and financial results, where Tenable discusses demand for its exposure management platform, trends in calculated current billings, operating performance and share repurchase activities. These items are typically accompanied by management commentary on how exposure management is being adopted as a more proactive approach to cybersecurity.
The company also issues news on product and platform enhancements, such as the launch of Tenable AI Exposure and updates to its Vulnerability Priority Rating (VPR), which it describes as powered by generative AI to improve risk prioritization. Additional articles cover research reports like the "State of Cloud and AI Security" study, which examines how hybrid, multi-cloud and AI-driven infrastructures are affecting risk, and how Tenable Cloud Security can help unify visibility and risk management in these environments.
Another recurring theme in Tenable’s news is industry and analyst recognition. Releases detail its designation as a Leader in the IDC MarketScape for exposure management, leadership positions in the Gartner Magic Quadrant for Exposure Assessment Platforms and The Forrester Wave for unified vulnerability management, and Customers’ Choice status in Gartner Peer Insights for CNAPPs. Readers can also expect updates on strategic initiatives such as the Exposure Management Leadership Council, public sector agreements like the OneGov arrangement with the U.S. General Services Administration, and key leadership appointments that shape Tenable’s technology and financial direction. Investors, security professionals and other stakeholders can use this news page to follow how Tenable’s exposure management offerings and market positioning develop over time.
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.
Tenable has partnered with CyberNB's Critical Infrastructure Security Operations Center (CI-SOC) to bolster Canada's critical infrastructure security. This first-of-its-kind collaboration allows Tenable to provide risk-based vulnerability management solutions, enhancing stakeholders' ability to predict and mitigate cybersecurity risks. Through this partnership, stakeholders will gain access to Tenable’s advanced analytics and technology, enabling them to identify vulnerabilities efficiently and share best practices for safeguarding critical infrastructure.
Tenable announced a strategic collaboration with Deloitte to enhance security in smart manufacturing environments worldwide. As part of the initiative, Tenable.ot, a solution for securing IT/OT environments, will be showcased in Deloitte's Smart Factory @ Wichita. A study indicates that 86% of manufacturers view smart factories as vital for competitiveness in the next five years. This partnership addresses the growing importance of operational technology security, providing organizations with advanced threat detection and vulnerability management.
Tenable has appointed Niloofar Razi Howe as an independent director, effective May 25, 2021. With extensive experience in cybersecurity and corporate strategy, Howe will contribute to Tenable's mission of enhancing digital transformation and cloud initiatives. Currently a senior partner at Energy Impact Partners, Howe's previous positions include chief strategy officer at RSA and Endgame. Tenable, trusted by over 30,000 organizations globally, aims to provide comprehensive cyber risk visibility across diverse environments, aligning with Howe's vision for holistic security solutions.
Tenable has appointed Nico Popp as Chief Product Officer to lead global engineering and product management. Popp joins from Forcepoint, bringing substantial cybersecurity expertise, particularly in cloud solutions. His role aims to advance Tenable's Cyber Exposure vision, helping organizations better manage cyber risks across diverse environments. With a proven record of innovation and leadership in cloud services, Popp's appointment is expected to enhance Tenable's capabilities in digital transformation and risk prioritization.
Tenable has announced that its Chairman and CEO, Amit Yoran, along with CFO Steve Vintz, will participate in several upcoming investor conferences. The events include the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, exclusively featuring Steve Vintz, followed by the J.P. Morgan Global TMC Week on May 26, 2021, with both Yoran and Vintz attending. Lastly, Vintz will represent the company at the William Blair 41st Growth Stock Conference on June 2, 2021. Further details can be found on Tenable's investor website.
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.