Tenable Holdings (TENB) just made a meaningful leadership move by bringing on former Microsoft security executive Vlad Korsunsky as CTO and head of Tenable Israel, sharpening its push into AI driven exposure management and cloud security.
See our latest analysis for Tenable Holdings.
Those moves come against a weak tape, with the share price down sharply on a year to date basis and the one year total shareholder return also firmly negative. This suggests sentiment has reset even as Tenable leans harder into AI driven security and large public sector wins.
If this leadership shake up has you rethinking cyber and cloud exposure, it might be worth scanning other high growth tech names by exploring high growth tech and AI stocks.
With the stock down more than a third this year, but still growing revenue and signing marquee federal deals, is Tenable now trading at a meaningful discount, or are investors already pricing in an AI powered rebound?
With Tenable Holdings last closing at $24.75 against a narrative fair value near $37.89, the valuation gap hinges on ambitious growth and margin assumptions.
The convergence of IT, cloud, and OT environments requires organizations to obtain holistic risk visibility. Tenable’s ability to consolidate multiple asset types (VM, cloud, identity, OT, AI security) in a single platform is resulting in larger deal sizes and growing enterprise adoption, directly impacting top line growth and average selling prices.
Curious why this story supports a much higher price than today, despite recent losses, muted growth forecasts, and a rich future earnings multiple? Unlock the narrative drivers behind that call.
Result: Fair Value of $37.89 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, concentrated public sector exposure and intensifying platform competition could quickly erode Tenable’s growth premium if federal budgets or renewal trends disappoint.
Find out about the key risks to this Tenable Holdings narrative.
If this perspective does not quite fit your own view, or you simply prefer hands on research, you can build a custom narrative in just a few minutes, starting with Do it your way.
A good starting point is our analysis highlighting 5 key rewards investors are optimistic about regarding Tenable Holdings.
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