Tenable Holdings (TENB) shares fell approximately 14.8% this week. The company returned to GAAP profitability in the second quarter.
Revenue grew 8.6% year-over-year. Total revenue reached $269 million for the period.
Investors reacted to slowing revenue growth, which previously maintained double-digit rates. High expectations for AI-sector cybersecurity firms drove the market recalibration following a substantial earlier rally.
Future performance depends on the adoption of the Tenable One platform. Management targets a 40% share of total business for this platform. The company expects to reach this goal by the end of 2026.