Tenable (NASDAQ:TENB) Announces FY 2026 Earnings Guidance

Key Points

• Tenable raised its FY 2026 outlook, forecasting adjusted EPS of $2.16–$2.19 versus the $1.69 analyst consensus, while projecting approximately $1.1 billion in revenue.
• The company’s latest quarter exceeded expectations, with EPS of $0.63 versus $0.51 expected and revenue of $276.4 million versus $271.6 million; revenue rose 9.5% year over year.
• Analyst sentiment remains mixed: several firms raised price targets, but the consensus rating is still Hold with a $45.90 target, while concerns include elevated valuation and growing cybersecurity competition.

Tenable (NASDAQ:TENB - Get Free Report) updated its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 2.160-2.190 for the period, compared to the consensus EPS estimate of 1.690. The company issued revenue guidance of $1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Tenable also updated its Q4 2026 guidance to 0.560-0.580 EPS.

Tenable Price Performance

Tenable stock opened at $51.78 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. Tenable has a 52 week low of $15.73 and a 52 week high of $52.55. The stock has a market capitalization of $5.70 billion, a P/E ratio of 105.91 and a beta of 1.01. The stock has a fifty day moving average of $37.69 and a 200-day moving average of $28.64.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. The business had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. Tenable had a return on equity of 20.80% and a net margin of 1.48%. Tenable's revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. On average, sell-side analysts expect that Tenable will post 0.50 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TENB has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Tenable from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 15th. JPMorgan Chase & Co. boosted their price objective on Tenable from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Thursday. TD Cowen upped their target price on Tenable from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday. Stifel Nicolaus upped their target price on Tenable from $31.00 to $48.00 and gave the stock a "hold" rating in a report on Thursday. Finally, Susquehanna increased their target price on Tenable from $36.00 to $55.00 and gave the company a "positive" rating in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Tenable currently has a consensus rating of "Hold" and a consensus price target of $45.90.

Tenable News Roundup

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Raised earnings guidance: Tenable now expects fourth-quarter adjusted EPS of $0.56–$0.58, well above the $0.42 consensus estimate. Full-year 2026 EPS guidance was raised to $2.16–$2.19 versus the $1.69 analyst consensus. Fourth-quarter revenue guidance of $277 million–$280 million is also slightly above expectations. Tenable Raises Earnings Guidance
• Positive Sentiment: Q3 results exceeded estimates: The cybersecurity company reported EPS of $0.63 versus the $0.51 consensus and revenue of $276.4 million versus expectations of $271.6 million. Revenue increased 9.5% year over year, while non-GAAP operating margin expanded to 27.1%, up 380 basis points. Operating cash flow was $72.5 million and unlevered free cash flow was $69.4 million. Tenable Q3 2026 Results
• Positive Sentiment: Several analysts raised targets: Needham and Susquehanna moved their targets to $55 with buy or positive ratings, while Canaccord raised its target to $54 and maintained a buy rating. These revisions reinforce optimism around earnings momentum and demand for Tenable’s exposure-management products.
• Neutral Sentiment: Mixed Wall Street views: JPMorgan raised its target to $41 with an overweight rating, while Stephens set a $48 equal-weight target and Truist raised its target to $45 but kept a hold rating. The targets generally remain below or only modestly above the recent share price, suggesting limited near-term upside for some analysts.
• Negative Sentiment: Competitive and valuation concerns remain: Wedbush warned that cybersecurity-vendor consolidation and product bundling could pressure Tenable’s standalone positioning. Other commentary highlights that the shares have already rallied sharply, increasing the risk that the improved outlook is partly reflected in the valuation. Wedbush Consolidation Risk Report

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company's product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.

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