Two cybersecurity companies reporting earnings today to a widely varying reception: Tenable Inc. shares dropped in late trading on weak guidance, while Commvault Systems Inc. saw its shares rise in regular trading today on a better-than-expected outlook.

Tenable

For its fiscal first quarter that ended on March 31, Tenable reported adjusted earnings per share of 36 cents, up from 25 cents per share in the same quarter of 2024, on revenue of $239.1 million, up 11% year-over-year. Both figures were ahead of analyst projections of 28 cents per share and revenue of $233.73 million.

Tenable’s business highlights in the quarter included the addition of 361 new enterprise platform customers and 54 net new six-figure customers, reflecting continued demand for its cybersecurity solutions. The company also completed its acquisition of Vulcan Cyber Ltd., which aims to enhance Tenable’s exposure management platform by providing deeper visibility and prioritization across attack surfaces.

Product innovation remained a focus, with the launch of Identity 360 and Exposure Center to address identity-based risks. Tenable also achieved FedRAMP Moderate authorization for Tenable One and Tenable Cloud Security, strengthening its presence in the public sector and published the 2025 Cloud AI Risk Report, which explores threats in leading cloud AI development environments.

“We had a strong start to the year with better-than-expected results on both the top and bottom line,” co-Chief Executive Officer Steve Vintz said in the company’s earnings release. “With our ongoing investments in areas like AI and integrations with third-party tools and data sources, we are helping our customers reduce risk with greater efficiency.”

Tenable may have had a strong start to the year, but fell short of what analysts were expecting for the quarter ahead on earnings, but not revenue. For its second quarter, Tenable said that it expects adjusted earnings of 29 to 31 cents on revenue of $241 million to $243 million. Analysts had been expecting 35 cents and $240.8 million.

For the full year, the company expects adjusted earnings per share of $1.44 to $1.52 on revenue of $1.025 billion to $1.045 billion. Tenable shares fell more than 16% in late trading.

Commvault

For its fiscal 2025 fourth quarter, Commvault reported adjusted earnings per share of $1.03, up from 79 cents per share in the same quarter of the previous fiscal year, on revenue of $275 million, up 23% year-over-year. Analysts had been expecting 87 cents and revenue of $251.32 million, making both results solid beats.

Commvault’s business highlights in the quarter centered on the continued expansion of its Commvault Cloud cyber resilience platform. The company emphasized new capabilities like rebuild automation, which enables rapid restoration of cloud apps and infrastructure, as well as cloud resource discovery to reduce resilience risks and speed up recovery. Commvault is also positioning itself as a leader in artificial intelligence workload protection, with optimized recovery for AI workloads stored in object storage like AWS S3.

In terms of customer adoption, Commvault grew its subscription customer base by 31% year-over-year to 12,200. Software-as-a-service annual recurring revenue surged 68%, to $281 million, and the company maintained a strong SaaS net retention rate of 127%.

For its full fiscal year, which ended March 31, Commvault reported adjusted earnings per share of $4.51, up from $2.56 in fiscal year 2024, on revenue of $996 million, up 19% year-over-year.

“Commvault surpassed all key metrics, ended the year with over 12,000 subscription customers and is firmly positioned as a growth company with subscription revenue up 45% in Q4,” CEO Sanjay Mirchandani said in the company’s earnings release. “We continue to deliver cloud-first innovations that solve a hard problem for customers – strengthening their cyber resilience.”

For its fiscal 2026 first quarter, Commvault expects revenue of $266 million to $270 million and for the full year, $1.13 billion to $1.14 billion. Both were ahead of the $263.2 million and $1.04 billion expected by analysts.

Commvault reported its earnings at the beginning of regular trading, and its share price closed the day up 1.7%.

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