Tenable Holdings Stock Price, News & Analysis

Tenable has announced new features for its Security Center, enhancing vulnerability management capabilities for on-premises environments. The update includes Tenable Vulnerability Intelligence, providing contextualized vulnerability data to identify and address critical security risks.

Key new features include:

• Threat Landscape Overview with curated categories for proactive threat monitoring
• Natural Language and Advanced Search capabilities for CVE analysis
• Expanded Web Application Scan Scaling supporting thousands of web applications
• Support for CVSSv4 and EPSS vulnerability prioritization models

The solution aims to streamline vulnerability analysis and response processes, offering organizations enhanced visibility and threat context for their on-premises security management needs.

Tenable has announced the release of Tenable Patch Management, an autonomous patch solution developed through a strategic partnership with Adaptiva. The new solution addresses critical vulnerability remediation challenges, as only 11% of organizations report efficient vulnerability remediation processes.

The integrated solution combines Adaptiva's autonomous patch functionality with Tenable's vulnerability coverage and threat intelligence, enabling automated correlation of vulnerabilities to available patches. Key features include automated patching with customizable controls, automatic validation of remediation success, and compliance status monitoring.

This development comes as attackers' average time-to-exploitation has decreased from 32 to 5 days, highlighting the urgent need for efficient patch management solutions.

Tenable (TENB) has announced its executives' participation in three upcoming investor events in December 2024. Chief Financial Officer Steve Vintz and SVP of Product Strategy Eitan Goldstein will attend the Wells Fargo TMT Summit on December 3. SVP of Financial Planning Chris Fritz will participate in the BTIG Virtual Software Forum on December 9. Vintz will also attend the Barclays Global Technology Conference on December 11.

Tenable (TENB) reported strong Q3 2024 financial results with revenue reaching $227.1 million, up 13% year-over-year. Calculated current billings increased 11% to $248.4 million. The company improved its GAAP net loss to $9.2 million ($0.08 per share) from $15.6 million in Q3 2023, while non-GAAP net income grew to $39.3 million ($0.32 per share). Operating cash flow was $54.6 million, and the company expanded its stock repurchase program by $200 million. Tenable added 386 new enterprise platform customers and 60 net new six-figure customers during the quarter.

Tenable, the exposure management company, has announced the date for its third quarter 2024 earnings conference call. The company will release its financial results for the quarter ended September 30, 2024, after the U.S. market closes on Wednesday, October 30, 2024. A conference call to discuss the results is scheduled for 4:30 p.m. ET on the same day.

Investors can access the live webcast of the event on the Tenable Investor Relations website. For those who prefer to dial in, domestic callers can use 1-877-407-9716, while international callers can use 1-201-493-6779. A replay of the webcast will be available until Wednesday, November 13, 2024.

Tenable, the exposure management company, has been ranked first in worldwide market share for device vulnerability management for the sixth consecutive year, according to the IDC Worldwide Device Vulnerability Management Market Shares report. Tenable attributes its success to its AI-powered exposure management platform, Tenable One, which unifies security visibility across IT, cloud, OT, IoT, web apps, and identity systems.

The IDC report highlights Tenable's use of generative AI through ExposureAI, which provides natural language search queries, attack path summaries, and mitigation guidance. Tenable's latest innovations, Vulnerability Intelligence and Exposure Response, were also noted. The company's strategic efforts to recruit managed security service providers and improve their onboarding experience were emphasized, along with partnerships with MDR providers like Sophos and Coalfire.

Tenable's 2024 Cloud Risk Report reveals alarming security gaps in cloud environments. 38% of organizations face the 'toxic cloud triad' - publicly exposed, critically vulnerable, and highly privileged cloud workloads. This combination significantly increases the risk of cyber attacks, with potential incidents including application disruptions, system takeovers, and DDoS attacks.

Key findings include:

• 84.2% of organizations have risky access keys to cloud resources
• 23% of cloud identities have excessive permissions
• 74% of organizations have publicly exposed storage assets
• 78% have publicly accessible Kubernetes API servers

The report emphasizes that many security gaps can be easily addressed once identified and exposed. It analyzes data from billions of cloud resources across multiple public cloud repositories from January to June 2024.

Tenable has launched Tenable Enclave Security, a new solution designed for highly secure environments, including classified and air-gapped systems. This product, backed by Tenable Security Center, aims to protect IT assets and modern workloads in environments with strict security and compliance regulations.

Key features of Tenable Enclave Security include:

• Support for FedRAMP High and Impact Level 5 requirements
• Continuous discovery, assessment, and prioritization of vulnerabilities across IT assets and container images
• Ability to meet cloud security and data residency restrictions
• Container security assessment before production deployment
• Centralized security tool management

The solution can be deployed on-premises, in virtual private clouds, or commercial clouds, offering flexibility to meet various customer needs.

Tenable has launched AI Aware, a new feature in Tenable Vulnerability Management designed to detect and manage risks associated with artificial intelligence solutions. This groundbreaking capability addresses the growing cybersecurity challenges posed by rapid AI adoption, including vulnerability detection, data leakage prevention, and unauthorized AI use.

Key features of AI Aware include:

• Detection of approved and unapproved AI software, libraries, and browser plugins
• Identification of AI-related vulnerabilities
• Dashboard views for AI software and vulnerability insights
• Shadow software development detection
• AI-specific filtering for vulnerability assessment results
• Asset-centric AI inventory

Tenable's research revealed over 9 million instances of AI applications on more than 1 million hosts during a recent 75-day period, highlighting the urgent need for proactive AI security measures.