Tenable (NASDAQ:TENB) Raised to Strong-Buy at Wall Street Zen

Tenable (NASDAQ:TENB) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other research firms have also issued reports on TENB. UBS Group dropped their target price on Tenable from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday. Morgan Stanley set a $27.00 price target on Tenable in a research report on Thursday, April 30th. Cantor Fitzgerald upped their price objective on Tenable from $30.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Robert W. Baird set a $34.00 price objective on Tenable in a report on Thursday, April 30th. Finally, William Blair cut shares of Tenable from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.68.

Tenable Price Performance

Shares of TENB stock opened at $32.64 on Friday. The firm’s fifty day moving average price is $32.10 and its two-hundred day moving average price is $24.62. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. Tenable has a 1 year low of $15.73 and a 1 year high of $43.67. The firm has a market capitalization of $3.60 billion, a P/E ratio of 652.93 and a beta of 0.94.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 13.58%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, equities analysts predict that Tenable will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

Large investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB lifted its holdings in Tenable by 11.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 34,700 shares of the company’s stock valued at $1,280,000 after purchasing an additional 3,700 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Tenable by 18.5% in the second quarter. Fulton Bank N.A. now owns 13,804 shares of the company’s stock valued at $509,000 after purchasing an additional 2,159 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Tenable by 36.2% in the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock valued at $93,000 after purchasing an additional 671 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Tenable in the second quarter valued at about $66,000. Finally, Pacer Advisors Inc. raised its position in shares of Tenable by 31.5% in the first quarter. Pacer Advisors Inc. now owns 498,647 shares of the company’s stock valued at $8,435,000 after purchasing an additional 119,570 shares during the period. Institutional investors own 89.06% of the company’s stock.

Trending Headlines about Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable exceeded Q2 expectations, reporting adjusted EPS of $0.51 versus the $0.47 consensus and revenue of $268.51 million versus estimates of $264.87 million. Revenue increased 8.6% year over year. Tenable Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued stronger-than-expected EPS guidance, forecasting Q3 EPS of $0.49–$0.52 versus the $0.42 consensus and full-year EPS of $1.95–$2.00 versus the $1.66 consensus. The outlook reflects momentum in Tenable One, artificial intelligence offerings and customer expansion. TENB Q2 Earnings Beat and Outlook Raised
• Positive Sentiment: Needham raised its price target to $36 from $30 and Canaccord Genuity increased its target to $36 from $30; both firms maintained or initiated a “buy” view. Needham Raises Tenable Price Target
• Neutral Sentiment: Wells Fargo lowered its target to $35 from $43 while retaining an “equal weight” rating, and Barclays and Truist reaffirmed “hold” ratings. Truist separately reduced its target to $30 from $40, signaling limited near-term conviction.
• Negative Sentiment: Piper Sandler cut its rating on Tenable, adding to investor concerns that the improved outlook may already be reflected in the stock’s valuation. Piper Sandler Cuts Tenable Rating

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.