Tenable beats Q2 revenue estimates, expands buyback

Overview

• Tenable Q2 revenue rises 12% yr/yr, beating analysts' expectations, per LSEG data

• Non-GAAP operating margin at 19%, driven by exposure management platform adoption

• Co expands stock repurchase program by $250 mln

Outlook

• Tenable expects Q3 2025 revenue between $246 mln and $248 mln

• Company forecasts Q3 2025 non-GAAP EPS between $0.36 and $0.37

• Tenable anticipates 2025 revenue between $981 mln and $987 mln

• Company sees 2025 unlevered free cash flow between $265 mln and $275 mln

Result Drivers

• EXPOSURE MANAGEMENT - Adoption of exposure management platform drove revenue growth, as customers prioritize strategic security investments, per Co-CEO Steve Vintz

• TENABLE ONE VALUE - Major expansions and wins against competitors highlight the exceptional value of Tenable One, according to Co-CEO Mark Thurmond

• SECURITY INVESTMENTS - Customers are becoming more strategic with security investments, seeking unified views of attack surfaces to reduce risk

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 11 "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 $39.00, about 15.6% above its July 29 closing price of $32.90

• The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nGNX5Zzhdb