Cantor Fitzgerald has kept its Overweight rating on Tenable (NASDAQ:TENB) and retained a $30.00 12-month price target after the cybersecurity firm reported its fourth-quarter 2025 results.
The firm highlighted that Tenable exceeded FactSet consensus on revenue, billings, operating margin and free cash flow for the period. Management attributed the outperformance in part to sustained momentum with the Tenable One platform and a broader industry shift toward preemptive security solutions.
Reported financials include robust profitability metrics. InvestingPro data shows Tenable achieved a gross profit margin of 78.09% and posted annual revenue of $999.4 million, representing year-over-year growth of 11.04%.
Beyond quarterly results, Tenable provided fiscal year 2026 guidance that topped consensus across all primary financial metrics. The company also announced an increase of $150 million to its existing share repurchase program. InvestingPro noted that management has been actively repurchasing shares, a factor that supports a free cash flow yield of 11%.
Cantor Fitzgerald reiterated its $30 price target and pointed out that Tenable is trading at approximately 2.4 times its FY26 estimated enterprise value to sales. The research firm said that the market valuation does not fully reflect the company’s fundamental business performance.
Other analyst activity followed the earnings release. Tenable reported a 14.29% EPS surprise for fourth-quarter 2025, and quarterly revenue of $260.5 million, which beat forecasts by 3.5%. Truist Securities reaffirmed a Buy rating and kept its $27.00 price target after the results.
The company also exceeded the high end of guidance across key metrics, including revenue, operating margins and Calculated Current Billings (CCB). Despite these outcomes, the stock experienced a slight decline during after-hours trading.
Together, the earnings beat, stronger-than-expected guidance and the share-repurchase increase underpin the positive analyst reception. Cantor Fitzgerald and Truist’s continued endorsements reflect confidence in Tenable’s current financial trajectory and cash return profile; however, the market’s immediate reaction in after-hours trading showed only a modest move downward.
Summary
Cantor Fitzgerald reiterated an Overweight rating and a $30 price target on Tenable after the company beat consensus on multiple fourth-quarter 2025 metrics, issued fiscal 2026 guidance above estimates, and raised its buyback by $150 million. InvestingPro data highlights strong margins and an 11% free cash flow yield, while Truist also reaffirmed a Buy rating with a $27 target.
Key points
- Tenable beat FactSet consensus on revenue, billings, operating margin and free cash flow in Q4 2025.
- Management increased the share buyback program by $150 million; free cash flow yield stands at 11%.
- Analysts maintained favorable ratings - Cantor Fitzgerald Overweight with a $30 target and Truist Buy with a $27 target - despite a slight after-hours stock dip.
Risks and uncertainties
- Market valuation - Cantor Fitzgerald noted Tenable trades at roughly 2.4 times FY26 estimated EV/sales, a multiple the firm believes may not reflect fundamentals.
- Short-term market reaction - the stock fell slightly in after-hours trading despite the beat and raised guidance, indicating potential sensitivity to near-term investor expectations.
- Reliance on continued momentum - the company’s outperformance was linked to Tenable One platform adoption and a shift to preemptive security; if that momentum slows, results could be affected.