NasdaqGS:TENB

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Executive Summary

Tenable Holdings, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

How has Tenable Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TENB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.8%

TENB

5.7%

US Software

4.3%

US Market


1 Year Return

1.9%

TENB

37.8%

US Software

7.4%

US Market

Return vs Industry: TENB underperformed the US Software industry which returned 35.3% over the past year.

Return vs Market: TENB underperformed the US Market which returned 5% over the past year.


Shareholder returns

TENBIndustryMarket
7 Day1.8%5.7%4.3%
30 Day0.2%10.9%0.5%
90 Day44.3%36.2%23.0%
1 Year1.9%1.9%38.8%37.8%9.7%7.4%
3 Yearn/a157.6%148.8%38.3%29.2%
5 Yearn/a249.7%229.0%66.0%47.6%

Price Volatility Vs. Market

How volatile is Tenable Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tenable Holdings undervalued compared to its fair value and its price relative to the market?

15.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TENB ($29.67) is trading below our estimate of fair value ($35.06)

Significantly Below Fair Value: TENB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TENB is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: TENB is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TENB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TENB is overvalued based on its PB Ratio (29.6x) compared to the US Software industry average (6.5x).


Next Steps

Future Growth

How is Tenable Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TENB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TENB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TENB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TENB's revenue (16.5% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: TENB's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TENB is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Tenable Holdings performed over the past 5 years?

-30.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TENB is currently unprofitable.

Growing Profit Margin: TENB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TENB is unprofitable, and losses have increased over the past 5 years at a rate of -30.9% per year.

Accelerating Growth: Unable to compare TENB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TENB is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (7.9%).


Return on Equity

High ROE: TENB has a negative Return on Equity (-100.17%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tenable Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TENB's short term assets ($355.5M) exceed its short term liabilities ($318.8M).

Long Term Liabilities: TENB's short term assets ($355.5M) exceed its long term liabilities ($130.4M).


Debt to Equity History and Analysis

Debt Level: TENB is debt free.

Reducing Debt: TENB had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TENB has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TENB has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Tenable Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TENB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TENB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TENB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TENB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TENB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Amit Yoran (49yo)

3.58yrs

Tenure

US$7,023,769

Compensation

Dr. Amit Yoran, Ph.D., has been the Chairman, Chief Executive Officer of Tenable Network Security since January 3, 2017. Dr. Yoran has been President at Tenable Holdings, Inc. since May 2018 and has been i ...


CEO Compensation Analysis

Compensation vs Market: Amit's total compensation ($USD7.02M) is about average for companies of similar size in the US market ($USD5.83M).

Compensation vs Earnings: Amit's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Amit Yoran
President3.58yrsUS$7.02m1.31% $39.0m
John Huffard
Co-Founder & Director18.5yrsUS$7.50k3.73% $110.8m
Stephen Vintz
Chief Financial Officer5.75yrsUS$4.60m0.12% $3.5m
Stephen Riddick
General Counsel & Corporate Secretary4.17yrsUS$1.89m0.0087% $259.2k
Renaud Deraison
CTO & Co-Founder18.5yrsno datano data
Mark Thurmond
Chief Operating Officerno datano datano data
Bradley Pollard
Chief Information Officer2.75yrsno datano data
Andrea DiMarco
Head of Investor Relationsno datano datano data
Jennifer Johnson
Chief Marketing Officer3.42yrsno datano data
C. Olton
Senior Vice President of Corporate Development & Strategy0.92yrno datano data

3.9yrs

Average Tenure

50yo

Average Age

Experienced Management: TENB's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Amit Yoran
President3.58yrsUS$7.02m1.31% $39.0m
John Huffard
Co-Founder & Director18.5yrsUS$7.50k3.73% $110.8m
A. Seawell
Independent Director2.75yrsUS$249.98k0.030% $890.2k
Arthur Coviello
Independent Director2.42yrsUS$247.48k0.014% $422.5k
Linda Zecher
Independent Director0.92yrUS$420.00kno data
Richard Wells
Independent Director4.58yrsno data0.014% $414.5k
Jerry Kennelly
Director2.17yrsUS$241.98k0.014% $419.9k
Ping Li
Independent Director7.75yrsno data0.49% $14.5m
Kimberly Hammonds
Independent Director2.08yrsUS$243.98k0.021% $622.4k

2.8yrs

Average Tenure

53yo

Average Age

Experienced Board: TENB's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TENB insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Top Shareholders

Company Information

Tenable Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tenable Holdings, Inc.
  • Ticker: TENB
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: US$2.969b
  • Shares outstanding: 100.08m
  • Website: https://www.tenable.com

Number of Employees


Location

  • Tenable Holdings, Inc.
  • 7021 Columbia Gateway Drive
  • Suite 500
  • Columbia
  • Maryland
  • 21046
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TENBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2018
TE7DB (Deutsche Boerse AG)YesCommon StockDEEURJul 2018
0ZC0LSE (London Stock Exchange)YesCommon StockGBUSDJul 2018

Biography

Tenable Holdings, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization’s cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk. It offers Tenable.io, a software as a service that manages and measures cyber exposure across a range of traditional information technology (IT) assets, such as networking infrastructure, desktops, and on-premises servers, as well as modern IT assets, such as cloud workloads, containers, Web applications, and Internet of Things and operational technology assets; and Tenable.sc, a solution to manage and measure cyber exposure across traditional information technology assets and can be run on-premises. The company was founded in 2002 and is headquartered in Columbia, Maryland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 23:58
End of Day Share Price2020/07/06 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.