Zecher Linda Kay sold $49K of TENB

Tenable (TENB) reported Q2 revenue of $268M, raising full-year guidance for revenue, EPS, and free cash flow. The company highlighted AI-driven growth, with Tenable One accounting for 50% of new sales. Management noted improved demand and expansion rates, citing AI partnerships and new product launches as key drivers.

Qualys (QLYS) reported $182.2M revenue, up 11% YoY, beating estimates. SentinelOne (S) reported $292M revenue, up 20.6%, but missed EPS guidance. Zscaler (ZS) reported $898.2M revenue, up 24.9%, beating estimates. Tenable (TENB) reported $268.5M revenue, up 8.6%, with mixed results. All stocks declined post-earnings.

Wedbush initiated coverage of cybersecurity firms, rating Palo Alto Networks (PANW) and Rubrik (RBRK) Outperform, along with CrowdStrike (CRWD) and Datadog (DDOG). Analyst Steven Wahrhaftig noted a shift toward broader security platforms, driven by AI and other industry changes. Tenable (TENB) was rated Underperform, while several others received Neutral ratings.

Tenable (TENB) stock fell 5.0% in pre-market trading after announcing a $650M convertible note offering, raising dilution concerns. The company plans to use proceeds for capped call transactions, stock buybacks, and debt repayment. The broader market is also down, with the NASDAQ Composite off 1.2%.

Tenable Holdings (TENB) shares fell 7% premarket after announcing a $650M convertible notes offering due 2031. Proceeds will fund capped call transactions, stock repurchases, debt repayment, and general corporate purposes. The company plans to enter into a new revolving credit facility post-offering.

Tenable Holdings Inc (TENB) announced integrating Anthropic's Claude Mythos 5 into its cybersecurity platform, aiming to enhance AI-driven threat detection. GF Value™ suggests TENB is 28.3% undervalued at $34.15, with a GF Score™ of 72/100. Insiders have sold more shares than bought, while some gurus have increased stakes.