Tenable Announces Share Repurchase Program
November 27 2023 - 4:05PM
Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the Exposure
Management company, today announced that its Board of Directors has
approved the repurchase of up to an aggregate of $100 million of
its Common Stock.
“We believe that the repurchase program is a good investment of
available funds generated from increased operating margins and
unlevered free cash flow and underscores our commitment to
enhancing stockholder value,” said Steve Vintz, chief financial
officer, Tenable.
Tenable may purchase shares in the open market, in privately
negotiated transactions or in such other manner as determined by
Tenable, including through repurchase plans complying with the
rules and regulations of the Securities and Exchange Commission.
The authorization has no expiration date.
About TenableTenable® is the Exposure
Management company. Approximately 43,000 organizations around the
globe rely on Tenable to understand and reduce cyber risk. As the
creator of Nessus®, Tenable extended its expertise in
vulnerabilities to deliver the world’s first platform to see and
secure any digital asset on any computing platform. Tenable
customers include approximately 60 percent of the Fortune 500,
approximately 40 percent of the Global 2000, and large government
agencies. Learn more at tenable.com.
Media Contact:Tenabletenablepr@tenable.com
Forward-Looking StatementsThis press release
includes forward-looking statements within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. All statements contained in this press release other than
statements of historical fact, including statements regarding our
future results of operations and financial position, business
strategy and plans and objectives for future operations, are
forward-looking statements and represent our views as of the date
of this press release. The words “anticipate,” "believe,”
“continue,” “estimate,” “expect,” “intend,” “may,” “will” and
similar expressions are intended to identify forward-looking
statements. We have based these forward-looking statements on our
current expectations and projections about future events and
financial trends that we believe may affect our financial
condition, results of operations, business strategy, short-term and
long-term business operations and objectives and financial needs.
These forward-looking statements are subject to a number of
assumptions and risks and uncertainties, many of which involve
factors or circumstances that are beyond our control that could
affect our financial results. These risks and uncertainties are
detailed in the sections titled "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in our Annual Report on Form 10-K for the year ended
December 31, 2022 and in our Quarterly Report on Form 10-Q for the
quarter ended September 30, 2023 as well as other filings that we
make from time to time with the SEC, which are available on the
SEC's website at sec.gov. Moreover, we operate in a very
competitive and rapidly changing environment. New risks emerge from
time to time. It is not possible for our management to predict all
risks, nor can we assess the impact of all factors on our business
or the extent to which any factor, or combination of factors, may
cause actual results to differ materially from those contained in
any forward-looking statements we may make. In light of these
risks, uncertainties and assumptions, the future events and trends
discussed in this press release may not occur and actual results
could differ materially and adversely from those anticipated or
implied in any forward-looking statements. Except as required by
law, we are under no obligation to update these forward-looking
statements subsequent to the date of this press release, or to
update the reasons if actual results differ materially from those
anticipated in the forward-looking statements.
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