Business
Tenable Announces Share Repurchase Program
COLUMBIA, Md., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the Exposure Management company, today announced that its
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"COLUMBIA, Md., Nov. 27, 2023 (GLOBE NEWSWIRE) -- 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:[email protected] 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 objective...