The earnings call presented a strong quarterly performance with record free cash flow and significant growth in Tenable One and Cloud Security. Despite challenges such as longer sales cycles and a moderated growth in VM, the company's strategic focus on exposure management and cloud offerings demonstrates a positive outlook.

Company Guidance

In the third quarter of 2024 earnings call, Tenable provided guidance emphasizing strong financial performance and strategic growth. For the fourth quarter, Tenable forecasts revenue between $229 million and $233 million, with non-GAAP income from operations ranging from $47 million to $49 million. The full-year outlook includes Calculated Current Billings (CCB) between $957 million and $967 million and revenue between $893.3 million and $897.3 million. The company expects a non-GAAP net income of $149.9 million to $151.9 million, with non-GAAP diluted earnings per share between $1.21 and $1.23. Tenable highlighted the continued growth of its exposure management platform, with Tenable One accounting for 30% of new sales in Q3, and significant traction in cloud security, which grew approximately 100% year-over-year. Additionally, they announced a $200 million increase in their share repurchase program, demonstrating a commitment to return capital to shareholders while balancing growth and profitability.

Record Quarter for Unlevered Free Cash Flow

The company reported a record quarter for unlevered free cash flow, with $60.8 million generated in Q3, up from $36.5 million last quarter.

Strong Performance of Tenable One

Tenable One accounted for approximately 30% of new sales in Q3 and is growing well in excess of the overall growth rate.

Cloud Security Growth

Cloud Security continues to be the fastest-growing product with a year-over-year growth rate of approximately 100%.

Mid-Market Success

The company closed its first 7-figure mid-market deal in Q3, indicating strong traction in this segment.

Increased Share Buyback Program

The Board approved an additional $200 million for the share buyback program, demonstrating confidence in the company's growth strategy.

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Tenable Holdings (TENB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TENB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 05, 2018	2018 (Q2)	- / -0.18	-0.099	-81.82% (-0.08)	―	―
Oct 30, 2018	2018 (Q3)	- / -0.14	-0.122	-14.75% (-0.02)	―	―
Feb 05, 2019	2018 (Q4)	- / -0.12	-0.125	4.00% (<+0.01)	―	―
Apr 30, 2019	2019 (Q1)	- / -0.13	-0.17	23.53% (+0.04)	―	―
Jul 30, 2019	2019 (Q2)	- / -0.10	-0.18	44.44% (+0.08)	―	―
Oct 29, 2019	2019 (Q3)	- / -0.07	-0.14	50.00% (+0.07)	―	―
Feb 04, 2020	2019 (Q4)	- / -0.11	-0.12	8.33% (<+0.01)	―	―
Apr 28, 2020	2020 (Q1)	- / -0.09	-0.13	30.77% (+0.04)	―	―
Jul 28, 2020	2020 (Q2)	- / 0.04	-0.1	140.00% (+0.14)	―	―
Oct 27, 2020	2020 (Q3)	- / 0.09	-0.07	228.57% (+0.16)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TENB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$41.23	$39.61	-3.93%
Jul 31, 2024	$45.92	$42.48	-7.49%
May 01, 2024	$45.03	$45.21	+0.40%
Feb 06, 2024	$47.63	$50.15	+5.29%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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