Tenable’s Q2 results outpaced expectations, driving a 3.8% stock gain as larger deal sizes and accelerated net dollar expansion demonstrated strong traction with the Tenable One platform amid growing AI-driven cybersecurity demand.
- Tenable One accounted for 50% of new business this quarter, marking a continued upward trend in adoption.
- Net dollar expansion rate increased to 106%, the first acceleration in many quarters, reflecting successful upselling and deal expansion.
- Larger land and expansion deals were driven by higher demand for Tenable One Advanced, fueled by evolving AI threat concerns.
- Tenable expanded AI capabilities with Hexa, an agentic orchestration engine, and broadened coverage for AI exposure risks across major AI models.
- Strategic partnerships with Anthropic and OpenAI provided early insights into emerging AI threats and access to nonpublic models, bolstering competitive positioning.
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