Tenable: Better Fundamentals, Tougher Entry Point (Rating Downgrade)

Tenable Holdings, Inc. specializes in vulnerability and exposure management for 44,000 organizations, including 65% of the Fortune 500. Shares have surged ~75% since my May upgrade to Buy, driven by robust cash generation, margin improvement, and share count reduction. TENB's growth hinges on Tenable One and Hexa AI, which could sustain earnings and cash flow momentum if platform bookings translate to revenue acceleration.