What is Scotiabank's Forecast for Tenable FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS estimate for Tenable to $0.48 (up from $0.40) and also forecasts FY2027 EPS of $0.64.
• Scotiabank rates the stock as "Sector Perform" with a $22.00 price target.
• For context, the market consensus full-year EPS is $0.49, while Tenable’s own FY2026 guidance was reported at $1.90–$1.98 per share.

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Equities researchers at Scotiabank lifted their FY2026 earnings per share estimates for shares of Tenable in a note issued to investors on Friday, May 1st. Scotiabank analyst P. Colville now expects that the company will post earnings per share of $0.48 for the year, up from their previous forecast of $0.40. Scotiabank has a "Sector Perform" rating and a $22.00 price target on the stock. The consensus estimate for Tenable's current full-year earnings is $0.49 per share. Scotiabank also issued estimates for Tenable's FY2027 earnings at $0.64 EPS.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Tenable had a positive return on equity of 7.32% and a negative net margin of 1.15%.The business had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. During the same period last year, the company earned $0.36 EPS. Tenable's revenue for the quarter was up 9.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS.

TENB has been the topic of several other reports. Barclays raised their price target on Tenable from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Thursday. Truist Financial set a $27.00 price target on Tenable in a research report on Tuesday, January 20th. DA Davidson dropped their price objective on Tenable from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, February 5th. Susquehanna dropped their price objective on Tenable from $40.00 to $26.00 and set a "positive" rating for the company in a report on Friday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $30.00 price objective on shares of Tenable in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.84.

Tenable Price Performance

TENB opened at $21.23 on Monday. The stock's 50 day simple moving average is $19.20 and its 200 day simple moving average is $23.02. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95. Tenable has a 1 year low of $15.73 and a 1 year high of $35.69. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -212.30 and a beta of 0.87.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company's stock valued at $363,009,000 after purchasing an additional 465,039 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company's stock valued at $209,354,000 after purchasing an additional 713,291 shares during the period. First Trust Advisors LP lifted its stake in shares of Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company's stock valued at $99,852,000 after purchasing an additional 1,023,671 shares during the period. Shapiro Capital Management LLC lifted its stake in shares of Tenable by 38.8% in the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company's stock valued at $105,336,000 after purchasing an additional 1,010,230 shares during the period. Finally, UBS Group AG lifted its stake in shares of Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company's stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the period. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insiders Place Their Bets

In other Tenable news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the company's stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the acquisition, the director owned 51,731 shares in the company, valued at $1,112,216.50. This represents a 30.20% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company's stock.

Key Headlines Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q1 results beat street estimates — Tenable reported stronger-than-expected Q1 EPS and revenue (EPS $0.47 vs. $0.41 consensus; revenue slightly above estimates), showing year-over-year revenue growth and validating near-term execution. Tenable Q1 beat
• Positive Sentiment: Product/strategy tailwinds — Management is rolling out Hexa AI and a flex-pricing model and provided a FY‑2026 revenue range ~ $1.068B–$1.078B, which could support higher recurring revenue and broaden addressable market if adoption accelerates. Hexa AI and guidance
• Positive Sentiment: Demand narrative — Coverage pieces highlight rising demand for exposure management amid AI-driven security shifts, reinforcing the growth thesis for Tenable’s platform. MSN deep dive
• Neutral Sentiment: Analyst mean target implies large upside but take with caution — The Zacks note points to a ~37.8% implied upside based on mean analyst targets; analyst targets can guide sentiment but are not guarantees. Analyst consensus target
• Neutral Sentiment: Firm maintained positive stance despite a large PT cut — Susquehanna cut its PT from $40 to $26 but kept a "positive" rating, signalling cautious optimism that still leaves room for stock volatility. Susquehanna PT note
• Negative Sentiment: Multiple analyst target cuts and downgrades — Canaccord lowered its PT to $28 (still a buy), Needham cut to $26 (buy), Wells Fargo moved to $20 (equal weight), and William Blair issued a downgrade; the cluster of cuts signals analyst concern about growth pacing and valuation. Canaccord / TickerReport
• Negative Sentiment: Notes of deceleration — Commentary and analysis (e.g., Seeking Alpha downgrade piece) point to worrying revenue or billings deceleration in some metrics, which could pressure sentiment if trends persist. Deceleration concerns
• Negative Sentiment: Market reaction inconsistency — Coverage noted that despite beats, the stock dropped after results in earlier sessions, showing investors are sensitive to margin/growth details and forward guidance cadence. Market reaction

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.

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