Tenable (NASDAQ:TENB) Updates Q3 2026 Earnings Guidance

Tenable (NASDAQ:TENB) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.490-0.520 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $270.0 million-$273.0 million, compared to the consensus revenue estimate of $270.2 million. Tenable also updated its FY 2026 guidance to 1.950-2.000 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TENB shares. TD Cowen boosted their price target on Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a report on Monday, July 13th. Canaccord Genuity Group boosted their target price on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. Stephens upped their price target on shares of Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. William Blair lowered Tenable from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Finally, Barclays reduced their target price on Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.68.

Tenable Trading Down 0.7%

TENB traded down $0.24 during trading on Friday, hitting $32.31. The company’s stock had a trading volume of 552,450 shares, compared to its average volume of 3,268,318. The firm has a market capitalization of $3.56 billion, a P/E ratio of 649.03 and a beta of 0.93. Tenable has a twelve month low of $15.73 and a twelve month high of $43.67. The stock’s fifty day moving average price is $31.95 and its 200-day moving average price is $24.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42.

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

Tenable News Roundup

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

Hedge Funds Weigh In On Tenable

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

About Tenable

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.