Tenable Holdings has beaten earnings estimates in all four of the last four quarters with an average positive surprise of 39%, generates 25% free cash flow margins despite GAAP losses, and trades at a price-to-earnings growth ratio of just 0.01 — but a death cross technical pattern is active, the stock price is above the analyst target, and margin compression is flagged as a value-trap signal.
Thesis pillars
- Fcf Positive Despite Gaap Losses↑Improving
- Margin Compression Value Trap Risk↑Improving
- Strong Earnings Beat Streak→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 27, 2026· older than 90 days
Tenable Holdings, Inc. (TENB) Stock Analysis
Breakout setup
Technology · Software - Infrastructure
Sell if holding. Analyst target reached at $47.03 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2).
Tenable Holdings sells exposure management software—including the Tenable One platform and Nessus vulnerability scanner—to over 40,000 customers across more than 170 countries, covering approximately 65% of the Fortune 500. Revenue reached $999.4 million in 2025, up 11% from... Read more
Sell if holding. Analyst target reached at $47.03 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: Golden cross, above all MAs, RSI 70, MACD bullish. Score 5.5/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news boost analyst 0.50, earnings proximity 91d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Tenable Holdings, Inc.
About Tenable Holdings, Inc.
Tenable Holdings reported $999.4 million in revenue for 2025, up 11% from $900.0 million in 2024, serving over 40,000 customers across more than 170 countries—including approximately 65% of Fortune 500 companies and approximately 50% of the Global 2000. The company employed 1,995 people at December 31, 2025, including 949 based outside the United States, with data center infrastructure running entirely on Amazon Web Services.
Tenable earns revenue through annual subscriptions for cloud-delivered vulnerability management and exposure management products, principally Tenable Vulnerability Management and Tenable Cloud Security, and through perpetual licenses for its on-premises Tenable Security Center, recognized ratably over a five-year expected benefit period. Sales are fulfilled through a two-tiered channel model—distributors sell to resellers, who sell to end-user organizations spanning manufacturing, financial services, government, healthcare, and technology sectors. The company competes in vulnerability management against Qualys and Rapid7, in endpoint-adjacent scanning against CrowdStrike, and in cloud security against Palo Alto Networks and Wiz. Because revenue is recognized ratably, a decline in new bookings would not appear immediately in reported results but would reduce future period revenue. R&D teams include a significant presence in Tel Aviv, Israel, which the 10-K identifies as a risk to product roadmap delivery given ongoing regional hostilities.
Show full overview
Tenable's platform depth traces to the Nessus community: since 1998, a large installed base of Nessus users has generated a continuous feedback loop of threat data and vulnerability intelligence that Tenable Research uses to expand detection logic and inform product strategy. The company held 53 issued patents at December 31, 2025, expiring between 2027 and 2044 and covering network scanning and monitoring technologies. Infrastructure dependence on AWS introduces a specific contractual constraint: agreements with AWS and Snowflake limit those vendors' liability for damages, which could leave Tenable without full recovery if a third-party outage affects its customers.
See also: Technology · Software - Infrastructure
From Tenable Holdings, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated Oct 28, 2026Recent Developments — Tenable Holdings, Inc.
Latest news
- NEWS Tenable Holdings (TENB) Q3 Earnings Beat Estimates, Shares Near 3-Year High - GuruFocus — GuruFocus Oct 28, 2026 positive
- NEWS Compared to Estimates, Tenable (TENB) Q3 Earnings: A Look at Key Metrics - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS TENABLE HOLDINGS ($TENB) Releases Q3 2026 Earnings - Quiver Quantitative — Quiver Quantitative Oct 28, 2026 neutral
- NEWS Tenable: Q3 Earnings Snapshot - KVUE — KVUE Oct 28, 2026 neutral
- NEWS (TENB) Tenable Holdings, Inc. Expects Q4 Adjusted EPS Range $0.56 - $0.58 - www.marketscreener.com — www.marketscreener.com Oct 28, 2026 neutral
Latest item Oct 28, 2026 · Generated 2026-11-04T11:54:39Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $47.03 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: Golden cross, above all MAs, RSI 70, MACD bullish. Prior stop was $43.74. Score 5.5/10, moderate confidence.
Analyst target $43.52 reached (−7.5% from $47.03); no take-profit level is published. Prior stop was $43.74. Stop-loss: $43.74.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2); Sector modifier (Technology): -0.8.
Tenable Holdings, Inc. trades at a P/E of 361.8 (forward 19.1). TrendMatrix value score: 7.0/10. Verdict: Sell.
29 analysts rate TENB, with a consensus score of 3.5/5. 20 analysts publish price targets averaging $48.
What does Tenable Holdings, Inc. do?Tenable Holdings sells exposure management software—including the Tenable One platform and Nessus vulnerability...
Tenable Holdings sells exposure management software—including the Tenable One platform and Nessus vulnerability scanner—to over 40,000 customers across more than 170 countries, covering approximately 65% of the Fortune 500. Revenue reached $999.4 million in 2025, up 11% from $900.0 million in 2024, driven by subscriptions; no single customer exceeded 2% of revenue.