Tenable Q3 revenue beats estimates; raises FY outlook

Overview

• Cybersecurity exposure management firm's Q3 revenue rose 9.5%, beating analyst expectations

• Company repurchased 6.8 mln shares for $223.8 mln during the quarter

Outlook

• Tenable raises full-year 2026 revenue outlook to $1.084 bln-$1.087 bln

• Company expects Q4 revenue between $277.0 mln and $280.0 mln

• Tenable forecasts 2026 non-GAAP EPS of $2.16-$2.19

Result Drivers

• AI-DRIVEN PLATFORM ADOPTION - Co said broader adoption of Tenable One, including integration of AI features, contributed to Q3 growth

• NEW CUSTOMER GROWTH - Co added 413 new enterprise platform customers and 39 net new six-figure customers in Q3

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 14 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Tenable Holdings, Inc is $36.00, about 26% below its October 27 closing price of $48.65

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads

• Oct 28 - Gen Digital raises annual revenue forecast on strong cybersecurity demand

• Oct 28 - Google launches Gemini 4 Carbon AI model with cybersecurity focus

• Oct 28 - Researchers warn of surging law firm cyber attacks fueled by AI

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)