Tenable Holdings, Inc. (TENB)

NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-11-04

$44.16-6.72%

Close 2026-11-05 · 1-day change

Investment OutlookAs of Nov 4, 2026

What could strengthen or challenge Tenable Holdings, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+13.2% · beyond scale

+10% or more+5%0%−5%−10% or less

2.17 → 2.46 EPS · FY ending Dec 31, 2027 · 14 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 14 to 14; this is not the number of analysts revising. The ±10% axis is a display range.

Price, analyst earnings & P/E reference

The EPS and P/E reference is not available for TENB yet.

Measure / period	Management expectations	Analyst expectations

Management figures unavailable.

Current consensus figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
EPS rises to $1.9-$1.98 in FY26	A primary condition in Tenable Holdings, Inc.'s published investment case. The stated target is $1.9-$1.98.	Broken	EPS falls below $1.9 in FY26	Diluted EPS: $0.10 per share FY2026-Q3; GAAP. Published target: $1.9-$1.98. Annual target cannot be compared with a quarterly or TTM observation. Nov 3, 20260.1 USD/share · source valueLast status assessment Nov 4, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$2.46

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

EPS rises to $1.9-$1.98 in FY26Published status: Broken
Revenue grows to $1.068B-$1.078B in FY26Revenue: $276.387M
Share repurchase program increases by $150MDirect metric needs a verified mapping

Next proof point

Next earnings date unavailable

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.7%Typical daily move · historical

Downside history

-42.8%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Tenable Holdings, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 31, 2026

What kind of bet this is

TENB is a growth and improving-profitability story, not yet a consistently profitable business. Its long-term thesis is intact, with recent financial performance strong and management’s stated priorities showing progress.

What's priced into Tenable Holdings, Inc.

The valuation evidence describes TENB as cheap versus peers, with a negative expectations gap, meaning market expectations appear below the model’s assessment. Pricing is tagged as justified, and the evidence shows low fragility, but it does not provide enough detail to quantify what the market assumes.

What the fundamentals likely do

Over the multi-year view, continued growth in Tenable One and AI-powered exposure management, alongside higher revenue guidance, supports further business expansion. Recent results also show higher GAAP operating income and non-GAAP operating margin, though the company remains loss-making in the earnings-quality assessment. Near term, a guidance cut is a key risk, despite the current low estimated miss risk.

What Tenable Holdings, Inc. hinges on

The thesis depends on management continuing to deliver revenue growth and margin improvement without cutting guidance. In the near term, rate cuts or steadier results and guidance from large technology peers could support the sector backdrop; continued pressure among those peers could weigh on sentiment.

Bottom line

For the next one to three years, TENB has improving operating results and a valuation described as cheap versus peers, but its loss-making profile and elevated risk leave execution central to the thesis. Not investment advice.

Development preview · refreshed Nov 5, 2026Open Living FV detail

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$2.17	$1,150,987,560	23 / 22
2026-07-25	$2.17	$1,150,987,560	23 / 22
2026-07-26	$2.16	$1,151,382,554	13 / 17
2026-07-27	$2.16	$1,151,382,554	13 / 17
2026-07-28	$2.17	$1,150,987,560	23 / 22
2026-07-29	$2.17	$1,150,987,560	23 / 22
2026-07-30	$2.17	$1,151,135,290	23 / 22
2026-07-31	$2.18	$1,156,664,567	13 / 17
2026-08-01	$2.18	$1,156,664,567	13 / 17
2026-08-02	$2.18	$1,156,097,650	23 / 22
2026-08-03	$2.18	$1,156,097,650	23 / 22
2026-08-04	$2.18	$1,156,664,567	13 / 17
2026-08-05	$2.18	$1,156,664,567	13 / 17
2026-08-06	$2.18	$1,156,097,650	23 / 22
2026-08-08	$2.18	$1,156,664,567	13 / 17
2026-08-09	$2.18	$1,156,097,650	23 / 22
2026-08-10	$2.18	$1,156,664,567	13 / 17
2026-08-12	$2.18	$1,156,664,567	13 / 17
2026-08-13	$2.18	$1,156,664,567	13 / 17
2026-08-14	$2.18	$1,156,664,567	13 / 17
2026-08-15	$2.18	$1,156,664,567	13 / 17
2026-08-16	$2.18	$1,156,664,567	13 / 17
2026-08-17	$2.18	$1,156,664,567	13 / 17
2026-08-18	$2.18	$1,156,664,567	13 / 17
2026-08-19	$2.18	$1,156,664,567	13 / 17
2026-08-20	$2.18	$1,156,548,592	13 / 17
2026-08-21	$2.18	$1,156,548,592	13 / 17
2026-08-22	$2.18	$1,156,548,592	13 / 17
2026-08-23	$2.18	$1,156,548,592	13 / 17
2026-08-24	$2.18	$1,156,548,592	13 / 17
2026-08-25	$2.18	$1,156,548,592	13 / 17
2026-08-26	$2.18	$1,156,548,592	13 / 17
2026-08-27	$2.18	$1,156,548,592	13 / 17
2026-08-28	$2.18	$1,156,548,592	13 / 17
2026-08-29	$2.18	$1,156,548,592	13 / 17
2026-08-30	$2.18	$1,156,548,592	13 / 17
2026-08-31	$2.18	$1,156,548,592	13 / 17
2026-09-01	$2.18	$1,156,866,022	13 / 17
2026-09-02	$2.18	$1,156,866,022	13 / 17
2026-09-03	$2.18	$1,156,866,022	13 / 17
2026-09-04	$2.18	$1,156,866,022	13 / 17
2026-09-05	$2.18	$1,156,866,022	13 / 17
2026-09-06	$2.18	$1,156,866,022	13 / 17
2026-09-07	$2.18	$1,156,866,022	13 / 17
2026-09-08	$2.18	$1,156,866,022	13 / 17
2026-09-09	$2.18	$1,156,866,022	13 / 17
2026-09-10	$2.18	$1,156,866,022	13 / 17
2026-09-11	$2.17	$1,156,181,925	13 / 17
2026-09-12	$2.17	$1,156,181,925	14 / 17
2026-09-13	$2.17	$1,156,181,925	14 / 17
2026-09-14	$2.17	$1,156,181,925	13 / 17
2026-09-15	$2.17	$1,156,181,927	13 / 17
2026-09-16	$2.17	$1,156,181,927	13 / 17
2026-09-17	$2.17	$1,156,181,927	13 / 17
2026-09-18	$2.17	$1,156,181,927	13 / 17
2026-09-19	$2.17	$1,156,181,927	13 / 17
2026-09-20	$2.17	$1,156,181,927	14 / 17
2026-09-21	$2.17	$1,156,181,927	14 / 17
2026-09-22	$2.17	$1,156,181,927	14 / 17
2026-09-23	$2.17	$1,156,181,927	14 / 17
2026-09-24	$2.17	$1,156,181,927	14 / 17
2026-09-25	$2.17	$1,156,181,927	14 / 17
2026-09-26	$2.17	$1,156,181,927	14 / 17
2026-09-27	$2.17	$1,156,181,927	14 / 17
2026-09-28	$2.17	$1,156,181,927	14 / 17
2026-09-29	$2.17	$1,156,181,927	14 / 17
2026-09-30	$2.17	$1,156,181,927	14 / 17
2026-10-01	$2.17	$1,156,181,927	14 / 17
2026-10-02	$2.17	$1,156,190,366	14 / 17
2026-10-03	$2.17	$1,156,190,366	14 / 17
2026-10-04	$2.17	$1,156,190,366	14 / 17
2026-10-05	$2.17	$1,156,190,366	14 / 17
2026-10-06	$2.17	$1,156,181,925	14 / 17
2026-10-07	$2.17	$1,156,181,925	14 / 17
2026-10-08	$2.17	$1,156,181,925	14 / 17
2026-10-09	$2.17	$1,156,181,925	14 / 17
2026-10-10	$2.17	$1,156,181,925	14 / 17
2026-10-11	$2.17	$1,156,181,925	14 / 17
2026-10-12	$2.17	$1,156,181,925	14 / 17
2026-10-13	$2.19	$1,156,181,925	14 / 17
2026-10-14	$2.19	$1,156,181,925	14 / 17
2026-10-15	$2.19	$1,156,181,925	14 / 17
2026-10-16	$2.19	$1,155,949,735	14 / 17
2026-10-17	$2.19	$1,155,949,735	14 / 17
2026-10-18	$2.19	$1,155,949,735	14 / 17
2026-10-19	$2.19	$1,155,949,735	14 / 17
2026-10-20	$2.19	$1,156,181,927	14 / 17
2026-10-21	$2.19	$1,156,105,737	14 / 17
2026-10-22	$2.19	$1,156,105,737	14 / 17
2026-10-23	$2.19	$1,156,105,737	14 / 17
2026-10-24	$2.19	$1,156,105,737	14 / 17
2026-10-25	$2.19	$1,156,105,737	14 / 17
2026-10-26	$2.19	$1,156,105,737	14 / 17
2026-10-27	$2.19	$1,156,105,737	14 / 17
2026-10-28	$2.19	$1,156,104,545	14 / 17
2026-10-29	$2.31	$1,161,301,248	14 / 17
2026-10-30	$2.46	$1,167,085,142	13 / 16
2026-10-31	$2.46	$1,167,085,142	13 / 16
2026-11-01	$2.46	$1,167,085,142	13 / 16
2026-11-02	$2.46	$1,167,085,142	13 / 16
2026-11-03	$2.46	$1,167,085,127	14 / 17
2026-11-04	$2.46	$1,167,085,127	14 / 17

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-06-01	11	12	1
2026-07-01	12	13	2
2026-08-01	9	13	2
2026-09-01	9	13	2
2026-10-01	8	13	3
2026-11-01	8	12	2

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 8 Buy / Strong Buy · 12 Hold · 2 Sell / Strong Sell

0 upgrades0 downgrades17 maintains

Recent actions · Oct 6–Nov 4 · 17 recorded

Tenable Holdings, Inc. (TENB) Outlook: What's Priced In | QuarterlyIQ

What could strengthen or challenge Tenable Holdings, Inc.’s outlook?

Price, analyst earnings & P/E reference

What the Thesis Depends On

Incoming Evidence

Expectations trend

Outlook in Brief

What's improving

Still unresolved / key risks

Next proof point

Historical risk context

Tenable Holdings, Inc. outlook in detail

What kind of bet this is

What's priced into Tenable Holdings, Inc.

What the fundamentals likely do

What Tenable Holdings, Inc. hinges on

Bottom line

Analyst view

Price-target changes

Bottom line