COLUMBIA, Md., Feb. 07, 2025 (GLOBE NEWSWIRE) — Tenable Holdings, Inc., (Nasdaq: TENB) the exposure management company, today announced it has closed its acquisition of Vulcan Cyber Ltd.,, a leading innovator in exposure management.
Vulcan Cyber’s capabilities will enhance Tenable’s industry-leading Exposure Management platform, delivering comprehensive visibility, prioritization and remediation across the entire attack surface.
“As we welcome our new team members to Tenable, we will immediately begin working on the integration process to drive expanded data insights that will better prioritize risks and simplify remediation efforts for our customers,” said Steve Vintz, Co-CEO and CFO, Tenable. “This move accelerates our exposure management vision, which we believe will set a new standard for accuracy in risk mitigation in the industry.”
With enhanced visibility, extended third-party data flows, superior risk prioritization, and automated remediation, Tenable One will consolidate and aggregate vast amounts of data into one of the most comprehensive Exposure Management platforms available on the market. This will empower organizations to confidently reduce risk across their entire environment.
Financial Outlook
Our financial outlook below reflects the impact of Vulcan Cyber.
For the first quarter of 2025, we currently expect:
- Revenue in the range of $233.0 million to $235.0 million.
- Non-GAAP income from operations in the range of $40.0 million to $42.0 million.
- Non-GAAP net income in the range of $32.0 million to $34.0 million, assuming interest income of $3.8 million, interest expense of $7.0 million and a provision for income taxes of $3.6 million.
- Non-GAAP diluted earnings per share in the range of $0.26 to $0.27.
- 124.0 million diluted weighted average shares outstanding.
For the year ending December 31, 2025, we currently expect:
- Calculated current billings in the range of $1.045 billion to $1.060 billion.
- Revenue in the range of $975.0 million to $985.0 million.
- Non-GAAP income from operations in the range of $205.0 million to $215.0 million.
- Non-GAAP net income in the range of $175.0 million to $185.0 million, assuming interest income of $15.3 million, interest expense of $28.3 million and a provision for income taxes of $13.4 million.
- Non-GAAP diluted earnings per share in the range of $1.41 to $1.49.
- 124.5 million diluted weighted average shares outstanding.
- Unlevered free cash flow in the range of $265.0 million to $275.0 million.
Additional Resources
- Read today’s blog post on the acquisition here.
- Request a demo of Tenable One.
About Tenable
Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.
