Tenable’s New FedRAMP OneGov Deal And CTO Hire Might Change The Case For Investing In TENB

• In December 2025, Tenable Holdings appointed former Microsoft security executive Vlad Korsunsky as Chief Technology Officer and Managing Director of Tenable Israel, while also securing a OneGov agreement with the U.S. General Services Administration to offer its FedRAMP‑authorized cloud security solution to federal agencies, including the Department of Defense, through March 31, 2027.
• Together, the high‑profile CTO hire and expanded GSA relationship underline Tenable’s push to scale its exposure management and AI capabilities across complex public‑sector, multi‑cloud environments.
• We’ll now examine how the expanded GSA OneGov cloud security agreement influences Tenable’s investment narrative around public‑sector exposure management.

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Tenable Holdings Investment Narrative Recap

To own Tenable, you generally need to believe its exposure management platform can win larger, longer contracts as security shifts to unified, cloud and AI centric solutions, despite current unprofitability and intense platform competition. The new CTO hire and GSA OneGov agreement both support Tenable’s public sector and AI ambitions, but they do not fully remove near term risks around federal spending concentration and pressured net expansion if deal cycles stay slow or become more competitive.

The new GSA OneGov agreement, which runs through March 31, 2027, is most relevant here because it directly addresses Tenable’s reliance on U.S. federal and public sector growth. While it may help stabilize and expand that revenue stream by giving agencies discounted access to FedRAMP authorized cloud security, investors still need to weigh how longer government reviews and rival bundled offerings could affect win rates, pricing, and renewal trends even with this agreement in place.

But even with a broader GSA channel, investors should be aware that concentrated federal exposure could still...

Read the full narrative on Tenable Holdings (it's free!)

Tenable Holdings' narrative projects $1.2 billion revenue and $33.8 million earnings by 2028.

Uncover how Tenable Holdings' forecasts yield a $37.89 fair value, a 54% upside to its current price.

Exploring Other Perspectives

Five fair value estimates from the Simply Wall St Community span about US$19.88 to US$44.21, showing how differently private investors assess Tenable’s upside. You should weigh those views against Tenable’s dependence on expanding federal and public sector contracts, which can introduce earnings volatility if deal scrutiny or renewal patterns shift, and consider how that mix might influence the company’s ability to translate its exposure management strategy into durable growth.

Explore 5 other fair value estimates on Tenable Holdings - why the stock might be worth 19% less than the current price!

Build Your Own Tenable Holdings Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Tenable Holdings research is our analysis highlighting 5 key rewards that could impact your investment decision.
• Our free Tenable Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Tenable Holdings' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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