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COLUMBIA, Md. - Cybersecurity firm Tenable (NASDAQ:TENB), currently valued at $3.69 billion and trading near its 52-week low, has appointed Matthew Brown as Chief Financial Officer, effective immediately, the company announced Thursday in a press release. According to InvestingPro data, the company maintains impressive gross profit margins of 78%.
Brown succeeds Steve Vintz, who recently became Co-Chief Executive Officer alongside Mark Thurmond. Brown joins Tenable after serving as CFO at Altair Engineering, where he helped lead the company’s sale to Siemens for $10.7 billion.
With over 20 years of experience in the technology sector, Brown previously held senior finance positions at NortonLifeLock, Symantec, Blue Coat, Brocade, NETGEAR, and KPMG. His expertise spans strategic planning, mergers and acquisitions, investor relations, controllership, and operational excellence.
"Matt brings a proven track record of scaling global technology businesses, delivering operational efficiency, and driving shareholder value," said Steve Vintz, Co-CEO of Tenable, according to the company statement.
Brown holds a Bachelor of Science in Business Administration from the Haas School of Business at the University of California, Berkeley, and is a licensed Certified Public Accountant in California.
Tenable describes itself as an "exposure management company" that provides security visibility across IT infrastructure, cloud environments, and critical infrastructure. The company reports serving approximately 44,000 customers globally. For detailed insights into Tenable’s financial health, growth prospects, and comprehensive analysis, access the full InvestingPro Research Report, which includes over 30 key metrics and expert analysis.
In other recent news, Tenable reported impressive second-quarter 2025 earnings that surpassed expectations, with revenue reaching $247.3 million, exceeding the forecasted $242.15 million. The company’s earnings per share (EPS) also outperformed projections, coming in at $0.34 compared to the expected $0.30. Following these results, Tenable raised its full-year guidance for Cloud Consumption Billing and Revenue, indicating a positive outlook for the remainder of the year. Analysts responded to these developments with several adjustments to their price targets. Cantor Fitzgerald maintained an Overweight rating with a $42 price target, while Needham raised its target from $35 to $42, maintaining a Buy rating. Scotiabank also increased its price target from $30 to $37, citing an improved outlook and maintaining a Sector Perform rating. These changes reflect the strong performance and promising future prospects for Tenable.
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