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. 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 (Nasdaq: TENB) announced a proposed underwritten public offering of 8,000,000 shares of common stock by existing stockholders. The company will not receive proceeds from this offering, which may include an additional 1,200,000 shares through a 30-day underwriter option. J.P. Morgan, Morgan Stanley, and Barclays are joint book-running managers for this offering. The offering is made under an effective shelf registration statement with the SEC, and the final terms will be disclosed in a subsequent prospectus.
Tenable (NASDAQ: TENB) reported Q2 2020 revenue of $107.2 million, a 26% increase year-over-year. The company added 341 new enterprise platform customers and achieved 50 net new six-figure customers. A notable highlight was the non-GAAP income of $5.7 million, the first since going public. Despite a GAAP loss from operations of $10.6 million, cash flow improved significantly, with $17.0 million provided by operations. The outlook for Q3 2020 is revenue between $108.0 million and $110.0 million and non-GAAP income of $3.0 million to $4.0 million.
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