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 announced an expanded partnership with IBM Security X-Force Red to enhance Active Directory security services. This collaboration aims to continuously detect and prevent attacks in real-time, utilizing Tenable.ad alongside X-Force Red's experienced team. With Active Directory being a prime target for cyberattacks, the partnership focuses on identifying misconfigurations and other vulnerabilities, prioritizing risks, and managing the remediation process. Tenable emphasizes the necessity of addressing these vulnerabilities to mitigate security risks effectively.
Tenable, the Cyber Exposure company, announced CFO Steve Vintz's participation in two investor conferences. The upcoming events include the Stifel 2021 Virtual Midwest One-on-One Growth Conference on November 11, 2021 and Wells Fargo's 5th Annual Virtual TMT Summit on December 2, 2021. These conferences aim to engage investors and highlight Tenable's commitment to cyber risk management. With over 30,000 organizations relying on Tenable for security solutions, the company's innovative approach continues to gain traction in the cybersecurity landscape.
Tenable has been recognized as a Leader in Forrester’s new report, "The Forrester Wave™: Industrial Control Systems (ICS) Security Solutions, Q4 2021." The report evaluated vendors based on 27 criteria, with Tenable scoring 5.0 in seven critical areas including ICS Protocol Support and Vulnerability Risk Management. This recognition highlights Tenable.ot's capacity to unify IT and OT security, essential for organizations facing escalating cyber threats. Additionally, Tenable.ot is now part of the Continuous Diagnostics and Mitigation (CDM) Program, allowing federal agencies access to its services.
Tenable has launched Nessus v10.0, expanding its platform capabilities to Raspberry Pi, enhancing accessibility for security teams, consultants, and students. This release allows remote vulnerability assessments, facilitating business operations without physical travel. Key features include a dynamic plugin feature that reduces database size and improves scan performance, a built-in packet capture for troubleshooting, and a new resource center for user guidance. Nessus v10.0 is designed to simplify vulnerability assessments, making them more intuitive and affordable.
Tenable has achieved a significant milestone, leading the global vulnerability management market with a 37.3% revenue share, as reported by Frost & Sullivan. This recognition stems from Tenable's consistent growth and innovation, particularly in delivering comprehensive vulnerability coverage across various infrastructures.
The report forecasts a robust demand for vulnerability management, with market revenues expected to grow at a CAGR of 16.3% from 2020 to 2025. Tenable's strategic vision and product advancements reinforce its leadership position in an evolving digital landscape.
Tenable, Inc. announced that its product Tenable.ot has been added to the Continuous Diagnostics and Mitigation (CDM) Program Approved Product List (APL). This inclusion allows federal agencies to purchase the software via the GSA Multiple Award Schedule. As cyber threats to operational technology (OT) increase, Tenable.ot provides essential visibility, security, and control for industrial networks. The announcement emphasizes the importance of safeguarding critical infrastructure, with Tenable serving over 30,000 organizations globally, including many Fortune 500 companies.
Tenable (TENB) reported Q3 2021 revenue of $138.7 million, a 23% increase year-over-year, driven by strong demand and the addition of 499 new enterprise customers. Despite a GAAP loss from operations of $11.2 million, non-GAAP income stood at $13.7 million. Free cash flow improved to $18.5 million. For Q4 2021, Tenable expects revenue between $143 million and $145 million, with non-GAAP diluted EPS projected at $0.02 to $0.03. This performance reflects growth in cloud and cyber risk management solutions.
Tenable (NASDAQ: TENB) will announce its third-quarter financial results on October 26, 2021, after U.S. market close. The conference call is scheduled for 4:30 p.m. ET on the same day, where executives will discuss the results. Investors can access a live webcast on Tenable's Investor Relations website. Tenable is recognized as a leader in Cyber Exposure, helping over 30,000 organizations worldwide mitigate cyber risk through its innovative platform, which includes the well-known Nessus product.
Tenable has achieved FedRAMP authorization for its cloud-based vulnerability management platform, Tenable.io. This allows U.S. federal agencies to deploy Tenable.io and Tenable.io Web Application Scanning across various departments. The authorization facilitates a transition to secure cloud technology, enhancing vulnerability management for federal clients. Tenable.io, powered by Nessus technology, offers comprehensive vulnerability coverage, helping organizations predict and remediate risks. The approval follows Tenable's prior certifications, which further validate its commitment to security in cloud services.
Tenable Holdings, Inc. (Nasdaq: TENB) has successfully acquired Accurics, Inc. for approximately $160 million in cash as of October 1, 2021. This acquisition is aimed at enhancing cloud-native security for DevOps teams, integrating Infrastructure as Code (IaC) into risk management. By combining their technologies, Tenable and Accurics will provide comprehensive lifecycle security, addressing IaC and runtime issues and supporting secure cloud deployments. This move positions Tenable as a leader in the rapidly evolving cyber exposure space.