Overview

* Tenable Q3 revenue grows 11% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, driven by demand for Tenable One platform

* Company repurchased 2 mln shares for $60 mln, indicating confidence in market position

Outlook

* Tenable expects Q4 revenue between $249.1 mln and $253.1 mln

* Company forecasts full-year revenue of $988.0 mln to $992.0 mln

* Tenable anticipates 2025 calculated current billings of $1.040 bln to $1.048 bln

Result Drivers

* DEMAND FOR PLATFORM - Strong demand for Tenable One Exposure Management platform drove better-than-expected Q3 results, per Co-CEO Steve Vintz

* INDUSTRY SHIFT - Co-CEO Mark Thurmond attributes growth to industry shift towards preemptive cybersecurity approaches

* CUSTOMER TRUST - Enterprises increasingly trust Tenable's platform for proactive risk management, according to Co-CEO Mark Thurmond

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $252.44 $247.30

Revenue mln mln (21

Analysts

)

Q3 Net $2.26

Income mln

Q3 Gross $195.68

Profit mln

Q3 $188.55

Operatin mln

g

Expenses

Q3 $7.13

Operatin mln

g Income

Q3 $2.81

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 ( TENB ) is $40.00, about 24.1% above its October 28 closing price of $30.35

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)