Tenable (NASDAQ:TENB) Updates FY 2026 Earnings Guidance

Tenable (NASDAQ:TENB) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.950-2.000 for the period, compared to the consensus earnings per share estimate of 1.660. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Tenable also updated its Q3 2026 guidance to 0.490-0.520 EPS.

Tenable Price Performance

Tenable stock traded down $0.24 during mid-day trading on Friday, reaching $32.31. 552,450 shares of the company were exchanged, compared to its average volume of 3,268,318. The firm has a market cap of $3.56 billion, a PE ratio of 649.03 and a beta of 0.93. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day simple moving average of $31.95 and a 200-day simple moving average of $24.56. Tenable has a 12 month low of $15.73 and a 12 month high of $43.67.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a return on equity of 13.58% and a net margin of 0.65%.The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, equities research analysts expect that Tenable will post 0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TENB shares. Scotiabank upgraded Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price for the company in a research note on Monday, July 6th. Stifel Nicolaus boosted their target price on Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Morgan Stanley set a $27.00 target price on shares of Tenable in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.68.

Key Stories Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable reported second-quarter EPS of $0.51, above the $0.47 consensus estimate, while revenue rose 8.6% year over year to $268.5 million, exceeding expectations of $264.9 million. Non-GAAP operating margin improved to 24.7%, and operating cash flow reached $44.7 million. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its outlook, projecting third-quarter EPS of $0.49–$0.52 versus the $0.42 consensus and full-year 2026 EPS of $1.95–$2.00 versus analysts’ $1.66 estimate. Revenue guidance was broadly in line with expectations. TENB Q2 Earnings Beat on Tenable One Momentum, Outlook Raised
• Positive Sentiment: Management cited record adoption of its Tenable One platform, artificial-intelligence momentum and expansion among existing customers as growth drivers. Needham and Canaccord Genuity both raised their price targets to $36 and assigned buy ratings.
• Neutral Sentiment: Wells Fargo lowered its target from $43 to $35 while retaining an equal-weight rating, implying modest potential upside but signaling a more cautious valuation view.
• Negative Sentiment: Truist cut its target from $40 to $30 and downgraded Tenable to hold, indicating concern that the recent rally may have outpaced near-term fundamentals. Piper Sandler also reduced its rating, adding pressure from the analyst community. Tenable Gets a Rating Cut at Piper Sandler

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TENB. Quarry LP purchased a new position in shares of Tenable during the third quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new stake in Tenable in the 4th quarter worth about $28,000. Quadrant Capital Group LLC bought a new position in Tenable during the 4th quarter valued at about $38,000. Horizon Investments LLC purchased a new stake in shares of Tenable during the 3rd quarter valued at about $45,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Tenable in the fourth quarter worth approximately $48,000. Institutional investors own 89.06% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.