Tenable Holdings Expects Higher Q3 Revenue Than Expected

Tenable Holdings has updated its Q3 revenue outlook to a range of $246-$248 million, surpassing market consensus of $243.87 million. The company is a cybersecurity provider, known for its Nessus software, and has a market capitalization of approximately $3.94 billion. Despite a negative net margin, Tenable has demonstrated consistent revenue growth and a strong upward trajectory in sales. The company faces competition in the cybersecurity sector, but its growth potential and expanding operating margin are positive indicators. From a valuation perspective, Tenable's price-to-sales ratio is near its 10-year low, suggesting potential undervaluation.

Tenable Holdings, Inc. (NASDAQ: TENB), a leading cybersecurity provider known for its Nessus software, has updated its Q3 revenue outlook to a range of $246 million to $248 million. This projection exceeds the market consensus of $243.87 million, as reported by FactSet [1]. The company's Q2 2025 results showed a 12% year-over-year revenue growth, reaching $247.3 million [3].

Tenable's market capitalization stands at approximately $3.94 billion, reflecting the company's significant presence in the cybersecurity sector. Despite a negative net margin, Tenable has demonstrated consistent revenue growth and a strong upward trajectory in sales. The company's strategic transformation from a vulnerability management provider to a comprehensive exposure management platform is expected to capitalize on the $50 billion market opportunity in this sector [3].

The company's Q2 2025 financial results were robust, with a non-GAAP gross margin of 82% and a non-GAAP operating margin of 19%. Unlevered free cash flow reached $44.3 million, indicating the company's ability to generate cash while investing in growth initiatives. Tenable's revenue composition is geographically diverse, with 62% of revenue coming from the Americas, 27% from EMEA, and 11% from APAC regions [3].

Tenable's price-to-sales ratio is near its 10-year low, suggesting potential undervaluation. The company faces competition in the cybersecurity sector, but its growth potential and expanding operating margin are positive indicators. Tenable's strategic initiatives and market opportunity breakdown indicate a significant increase in its addressable market [3].

References:
[1] https://www.marketscreener.com/news/tenable-beats-q2-revenue-estimates-expands-buyback-ce7c5fdcd98df32d
[2] https://en.coinotag.com/btcs-files-2-billion-sec-registration-to-potentially-expand-ethereum-treasury-and-staking-operations/
[3] https://uk.investing.com/news/company-news/tenable-q2-2025-presentation-slides-12-revenue-growth-amid-expansion-into-50b-market-93CH-4192812