Tenable achieved front-runner status in exposure assessment by leveraging its dominance in vulnerability assessment combined with strong asset and attack surface discovery capabilities, AI, and an AI-driven approach to unifying and contextualizing all forms of organizations' risk exposure for complete proactive defense. AI is central to Tenable's strategy, with Tenable One accounting for 46% of new business and showing strong AI-fueled momentum and record large deals.
Cyborg Score Rationale
Tenable forecasts 2026 revenue above $1 billion with 7.1% growth at the midpoint, strong recurring revenue, expanded share repurchase authorization and ongoing margin improvement. However, the company struggles with negative net margins of -3.61% and operating margins of -0.61%, with EPS at -0.3. Strong Gartner recognition as the company to beat for AI-powered exposure assessment provides competitive validation.
Top Insights
AI platform Tenable One driving growth momentum with 46% of new business and strong enterprise wins; positioned as Gartner's company to beat for AI-powered exposure assessment
FY2026 guidance exceeds $1B revenue with 7.1% growth; guidance provided confidence but profitability remains challenged with negative net margins and EPS
Strong customer base: ~44K organizations, 65% of Fortune 500, 50% of Global 2000; recurring revenue model provides stability despite profitability headwinds
Stock trading at significant discount: market cap $2.08B on $999M revenue; analyst consensus moderate buy with $31.94 average price target implying 82% upside from $17.57
Named Competitors
Qualys VMDR — Vulnerability management and detection response platform
Rapid7 InsightVM — Vulnerability management and remediation platform
CrowdStrike Cloud Security — Cloud security and exposure management
Recent Developments
(February 2026) Named as Gartner's company to beat for AI-powered exposure assessment in 2025 AI Vendor Race
(February 2026) Released FY2026 guidance exceeding $1B revenue with 7.1% growth; expanded $150M share repurchase authorization
(May 2026) Hosting EXPOSURE 2026, first global conference dedicated to exposure management in AI era, May 19-21 in Boston
(Q4 2025) Vlad Korsunsky joined as Chief Technology Officer to advance AI strategy and innovation across AI-powered platform
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