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TENB

Tenable Holdings, Inc.
$42.00
+3.27% Oct 22 close
Technology CompareTechnicals
-47%-26%-4%+18%+40%Oct 2025Oct 2026Apr 2026
TENBSPY
1W
+6.8%
1M
+17.0%
3M
+32.8%
6M
+115.6%
YTD
+78.5%
1Y
+39.5%

Live chart

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What they do

Tenable Holdings, Inc. provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable AI Exposure, a solution that helps organizations identify, assess. The company also provides Tenable Attack Surface Management, an external attack surface management solution.

Technology · Software - Infrastructure

For information only · Important disclosures

Grades vs sector

No sector grades for TENB yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Systematic Models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Zscaler and Tenable shares are soaring, what you need to know
StockStory · Oct 21
Tenable Expands Open Security Ecosystem to Extend Exposure Intelligence and Accelerate AI Security Outcomes
GlobeNewswire · Oct 20
3 Cash-Producing Stocks We Keep Off Our Radar
StockStory · Oct 19
Tenable to Announce Fiscal Third Quarter 2026 Earnings Results
GlobeNewswire · Oct 14
3 Hyped Up Stocks We Think Twice About
StockStory · Oct 14

Key stats

Market value$4.5B
P/E (last 12 months)677.8
P/E (next 12 months, estimated)18.5
52-week range$15.73 – $43.67
Revenue growth (latest quarter vs a year ago)+8.6%
Dividend yieldNo dividend
Analyst consensusHold (20)
Average analyst price target$36.00 (-14%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Roughly fairly valued
Model read-out from the numbers below, not advice. Score +0 (DCF counts double).
▲DCF (base case)above the price by 50%
•Piotroski F-score6/9
▼Altman Z1.8 (distress)
▲Net debt / EBITDA-3.8x
▼Analyst target-14% (20 analysts)

Discounted cash flow

Bear
$41
-3%
growth 6% · disc. 10.3% · term. 2.0%
Base
$63
+50%
growth 11% · disc. 9.3% · term. 2.5%
Bull
$94
+123%
growth 14% · disc. 8.3% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 3% a year for 10 years.
Implied
+3%/yr
FCF, last 3 yrs
+28%/yr
FCF, last 5 yrs
+41%/yr
Revenue, last 3 yrs
+14%/yr
Revenue, last 5 yrs
+18%/yr
Same inputs as the DCF above: trailing free cash flow 0.3B, 9.3% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.01 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Forward EPS $2.20 vs trailing $0.06 (+3559% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$1.0B
as of 2026-06-30
vs a year ago
+15%
YoY
× TTM revenue
0.98×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
78.1%
Operating margin
3.6%
FCF margin
25.3%
Net margin
0.6%
Return on equity
3.4%
Return on invested capital
–
Net debt / EBITDA
-3.8×
Current ratio
0.8×
Interest cover
1.4×
Cash conversion (OCF/NI)
40.0×
Piotroski F-score 6/9 · last two fiscal years
✗ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✓ Gross margin improved✓ Asset turnover improved

Altman Z-score 1.8 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$36
-14%
Analysts
20
Hold
Range
$23–$50
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$999.4M$-36.1M$254.6M
2024$900.0M$-36.3M$213.2M
2023$798.7M$-78.3M$148.2M
2022$683.2M$-92.2M$121.8M
2021$541.1M$-46.7M$92.9M
2020$440.2M$-42.7M$45.4M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +13.5%.

Earnings

Next report: 2026-10-28 · after close · EPS est 0.51
24-1025-0225-0425-0725-1026-0226-0426-070.000.51
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-290.470.51+8.6%
2026-04-290.410.47+15.0%
2026-02-040.410.48+15.9%
2025-10-290.370.42+13.4%
2025-07-300.300.34+12.3%
2025-04-290.280.36+27.5%
2025-02-050.340.41+19.0%
2024-10-300.290.32+8.5%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$268.5M+8.6%
2026-03-31$262.1M–
2025-12-31$260.5M–
2025-09-30$252.4M–
2025-06-30$247.3M–
Rating changes
Reiterated
2026-10-20 · Truist Securities reiterated Hold on TENB
Reiterated
2026-10-15 · Wells Fargo reiterated Equal-Weight on TENB
Reiterated
2026-07-30 · UBS reiterated Neutral on TENB
Reiterated
2026-07-30 · Susquehanna reiterated Positive on TENB
Reiterated
2026-07-30 · Stifel reiterated Hold on TENB
Reiterated
2026-07-30 · Truist Securities reiterated Hold on TENB

Third-party analyst actions, not Coteau's views. All rating changes

Insider trades
Zecher Linda Kay
Director · 2026-08-19
Sell
$24.7K
Zecher Linda Kay
Director · 2026-08-18
Sell
$24.8K
Zecher Linda Kay
Director · 2026-08-07
Sell
$20.1K
Vicks Raymond Jr.
Director · 2026-08-07
Sell
$65.4K
Zecher Linda Kay
Director · 2026-08-04
Sell
$21.6K
Zecher Linda Kay
Director · 2026-08-03
Sell
$50.0K
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Stats refreshed 2026-10-21 18:28:39 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026