Tenable and Splunk Join Forces to Provide Enhanced Data-Driven Response Solutions

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Tenable Holdings ($NASDAQ:TENB) Inc. (TENB:US) is a global leader in Cyber Exposure solutions, enabling organizations to accurately identify and assess their modern attack surface, and reduce the risk of data breaches. The company recently joined forces with Splunk Inc. (SPLK:US) to provide enhanced data-driven response solutions. The collaboration is aimed at helping organizations speed up and simplify data-driven responses to security issues. Through this partnership, Splunk and Tenable are providing customers with an integrated platform that enables them to quickly detect, investigate and remediate security incidents across cloud, on-premises and hybrid environments. With the integrated platform, customers are provided with near real-time visibility into their IT infrastructure, giving them the capability to gain insight into their security posture and detect threats more quickly.

The platform also assists organizations in reducing false positives and ensuring quicker response times to security issues. Tenable and Splunk are empowering organizations of all sizes to ensure continuous security and risk management across their entire IT infrastructure. This collaboration provides customers with increased visibility, enhanced threat detection capabilities and accelerated incident response times, leading to a more secure and compliant environment.

Stock Price

On Tuesday, TENABLE HOLDINGS stock opened at $39.9 and closed at $37.4, representing a 7.0% decrease from the previous closing price of 40.2. This drop occurred following the announcement of a strategic partnership between Tenable and Splunk, a data analytics company. The collaboration between the two companies is set to bring together Tenable’s security solutions with Splunk’s operational intelligence and machine learning technology to create enhanced solutions for data-driven response and analytics.

These solutions are expected to provide organizations with better visibility of their security environment, helping them to identify and address potential threats more quickly and efficiently. The partnership marks an important milestone for both companies and could help them to increase their market share in the security space. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

As GoodWhale conducted our analysis of TENABLE HOLDINGS, it became clear that the company was classified as a ‘cheetah’ – a type of company that achieved high revenue or earnings growth, but had lower profitability and stability. This type of company would likely be of interest to investors who want to take advantage of potential growth opportunities. A closer look at TENABLE HOLDINGS reveals that the company is strong in growth, medium in assets, and weak in dividends and profitability. Furthermore, the intermediate health score of 5/10 considers its cashflows and debt, suggesting that the company may be able to sustain future operations even in times of crisis. More…

Peers

Tenable was founded in 2002 by Jack Huffard, Ron Gula, and Marcus Ranum. Tenable went public in July 2018, and trades on the NASDAQ under the symbol TENB. Tenable delivers Tenable.io, the world’s first Cyber Exposure platform, as well as a suite of award-winning products including the Nessus vulnerability scanner. Tenable.io provides continuous visibility into an organization’s cyber exposure across their entire attack surface, from operating systems and hardware to virtualization and cloud environments and containers. By identifying and prioritizing vulnerabilities and configurations issues, Tenable.io helps organizations to fix critical issues before they can be exploited. In addition to Tenable.io, Tenable also offers a suite of products that includes the Nessus vulnerability scanner, which is used by more than 1.5 million users in over 150 countries. Nessus is available in a variety of editions, including a free edition, and is used by small businesses, Fortune 500 companies, government agencies, and many of the world’s leading service providers.

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Indra Sistemas SA is a Spanish company that provides technology solutions for defense, security, and transportation. As of 2022, the company has a market capitalization of 1.7 billion euros and a return on equity of 18.37%. Indra Sistemas SA is a leading provider of technology solutions for the defense, security, and transportation markets. The company has a strong presence in Spain and Europe, and is expanding its operations in Asia and the Americas.

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Check Point Software Technologies Ltd is a software company that provides internet security solutions. Its products include firewall products, anti-virus software, and intrusion detection systems. The company has a market cap of 16.5B as of 2022 and a Return on Equity of 18.44%. Check Point Software Technologies is headquartered in Tel Aviv, Israel.

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Cyber Security 1 AB is a Swedish company that specializes in providing cyber security solutions. The company has a market capitalization of 16.14 million as of 2022 and a return on equity of -11.14%. Cyber Security 1 AB’s solutions include intrusion detection and prevention, vulnerability management, and security information and event management. The company serves a range of industries, including government, healthcare, finance, and retail.

Summary

Tenable Holdings is a cybersecurity company that recently collaborated with Splunk to provide enhanced data-driven solutions to their customers. The collaboration announcement led to an immediate negative reaction in the stock market, causing the stock price to drop. As of now, investors are not too excited about the prospects of Tenable Holdings’ stock.

Analysts report that the market sentiment might be due to some investors losing confidence in Tenable Holdings’ potential as a long-term investment. Despite the negative reaction, analysts suggest that if Tenable Holdings can deliver on the promises of their collaboration with Splunk, the stock price could rebound in the near future.