Tenable Holdings Stock Price, News & Analysis

Tenable, a leader in Cyber Exposure, announced enhancements to its Tenable Assure partner program, effective January 15, 2021. Key updates include an all-new certification program featuring concise training videos, a revamped partner portal for better collaboration, and expanded service delivery options for partners. These improvements aim to strengthen Tenable's commitment to its channel partners, enabling them to provide high-quality risk-based vulnerability management solutions. This initiative responds to the increasing demand for cyber risk management amid a global shift towards remote work.

Tenable, a leader in Cyber Exposure, announced the participation of its Chairman and CEO, Amit Yoran, and CFO, Steve Vintz, in several upcoming investor conferences. Vintz will attend the Stifel 2020 Virtual Midwest One-on-One Growth Conference on November 12, followed by the Wells Fargo TMT Summit 2020 on December 2 and the UBS Global TMT Virtual Conference on December 9. Both Yoran and Vintz will join the Barclays Global Technology, Media and Telecommunications Conference on December 10 for a virtual fireside chat. Further details and webcast links can be found on their investor page.

Tenable (NASDAQ: TENB) reported a revenue of $112.3 million for Q3 2020, marking a 22% year-over-year increase. They added 335 new enterprise customers and 56 six-figure customers. While GAAP loss from operations was $3.5 million, non-GAAP income stood at $12.4 million. Net cash from operations was $24.8 million with free cash flow of $16.7 million. For Q4, revenue guidance is projected between $113 million and $115 million.

Tenable, the Cyber Exposure company, has been chosen as the first vulnerability management partner for Splunk's new Mission Control platform. This collaboration allows SOC analysts to leverage Tenable.io for real-time visibility into cloud vulnerabilities within a unified workflow. The integration aims to enhance security by providing accurate vulnerability data and predictive technologies powered by Exposure.ai. Tenable also announced the upcoming launch of Frictionless Assessment for AWS, enabling uninterrupted evaluation of cloud assets. This service will be available to Tenable.io customers in Q4 2020.

Tenable (NASDAQ: TENB) will release its Q3 2020 financial results post-market on October 27, 2020. A conference call is scheduled for the same day at 4:30 p.m. ET to discuss these results. A live webcast will be accessible via the Tenable Investor Relations website, with a replay available until November 10, 2020. Established as a leader in Cyber Exposure, Tenable assists over 30,000 organizations globally in mitigating cyber risk, including over 50% of the Fortune 500.

Tenable has partnered with the Center for Internet Security to enhance cybersecurity for resource-constrained organizations. This collaboration aims to improve foundational cyber hygiene by implementing the CIS Controls Assessment Specification, which provides a clear path for organizations to boost their cybersecurity posture.

Tenable's innovative Tenable.sc™ dashboard automates adherence to these controls, making it more accessible for small and medium-sized organizations. The partnership also offers exclusive risk-based vulnerability management solutions to over 12,000 members of the MS-ISAC and EI-ISAC.

Tenable has launched a revolutionary Frictionless Assessment capability for AWS, allowing organizations to continuously assess their cloud compute instances without needing software deployments. This innovation responds to increased cloud adoption during the work-from-home economy, delivering real-time vulnerability detection without scheduling scans. By leveraging AWS Systems Manager Run Command, customers can manage cloud assets seamlessly. Frictionless Assessment will be available to Tenable.io users in Q4 2020, enabling businesses to confidently navigate cyber risks.

Tenable announced new innovations to its Cyber Exposure Management Platform, Tenable Lumin, on October 5, 2020. These enhancements help organizations align cybersecurity with business objectives. Key features include Remediation Maturity for assessing remediation efficiency, Mitigations for evaluating risk responses, and Predictive Scoring for understanding overall cyber exposure. These tools aim to assist security teams in managing risks in modern environments, leveraging machine learning for proactive threat analysis. This holistic cybersecurity approach aims to enhance organizational resilience.

Tenable announced that Marty Edwards, Vice President of Operational Technology (OT) Security, has been appointed as the industry Co-Chair of the Control Systems Interagency Working Group (CSIWG). This initiative aims to enhance OT security across public and private sectors. Joined by government co-chair Rick Driggers, Edwards will spearhead strategies to fortify coordination and information sharing addressing OT risks. This appointment follows a warning from CISA and NSA about malicious activities targeting critical infrastructure through OT assets.