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PANW vs TENB
Which Stock Would AI Choose? Palo Alto Networks (PANW) vs. Tenable Holdings (TENB) Stock Comparison
Key Takeaways
- Palo Alto Networks is a large-cap cybersecurity platform leader with a market capitalization in the hundreds of billions, while Tenable Holdings is a smaller exposure management specialist worth roughly $3.6 billion.
- PANW is growing far faster, with recent quarterly revenue up about 34% year over year, versus roughly 8–9% for TENB.
- Both stocks have rallied sharply in 2026 on AI-driven cybersecurity demand, but PANW trades at a premium valuation while TENB carries a notably lower price-to-sales ratio.
- PANW consolidates multiple security categories through its "platformization" strategy, whereas TENB focuses more narrowly on vulnerability and exposure management.
- Each company carries a similar neutral-to-positive analyst posture, but their risk profiles differ meaningfully by size, scale, and growth rate.
Introduction
Cybersecurity has become one of the market's most closely watched technology themes as artificial intelligence accelerates the discovery and exploitation of software vulnerabilities. This stock comparison examines two publicly traded companies responding to that shift in different ways: PANW (Palo Alto Networks), a diversified security platform vendor, and TENB (Tenable Holdings), a specialist in exposure management. Investors weighing relative performance, growth, valuation, and market positioning between a large established leader and a smaller, more focused competitor may find this comparison relevant. The analysis focuses on observable fundamentals, recent momentum, and each company's distinct risk profile.
PANW Overview and Recent Performance
Palo Alto Networks is a global cybersecurity vendor whose portfolio spans network security, cloud security, and security operations. Its strategy centers on "platformization," or consolidating customers' scattered security tools onto unified platforms rather than selling standalone point products. In recent weeks, this approach has gained momentum as enterprises respond to AI-driven threats by seeking single-vendor solutions.
The company's most recent fiscal quarter showed revenue of roughly $3.41 billion, up about 34% year over year. Next-generation security ARR (annual recurring revenue, a measure of contracted, repeatable revenue) rose 63% to approximately $9.1 billion. Growth was led by XSIAM (extended security intelligence and automation management), whose ARR climbed 70% to more than $700 million, and the newer Prisma AIRS AI-security offering, which surpassed $100 million in ARR within its first four quarters of availability. Acquisitions, including identity-security provider CyberArk, have broadened the platform. Shares have climbed substantially over the past year, reflecting strong demand, though the stock trades at a premium price-to-sales multiple that has prompted some analysts to describe valuation as full.
TENB Overview and Recent Performance
Tenable Holdings is an exposure management company best known for its Nessus vulnerability scanner. It helps organizations identify, prioritize, and remediate weaknesses across IT (information technology), cloud, identity, operational technology, and emerging AI assets before attackers can exploit them. Its flagship Tenable One platform, supported by the Hexa AI agentic engine, has become the centerpiece of a push from point products toward a broader risk-management platform.
In its most recent quarter, Tenable reported revenue of about $268.5 million, up 8.6% year over year, with non-GAAP (non-GAAP, or "adjusted," measures exclude certain non-cash and one-time items) earnings per share of $0.51, a 50% increase from the prior-year period. Tenable One represented roughly 50% of new business, and the net dollar expansion rate—a gauge of how much existing customers increase spending—improved to 106%. Non-GAAP operating margin expanded to 24.7%. Shares have risen substantially in 2026 on enthusiasm for AI-linked exposure management demand, yet the company's revenue growth remains modest relative to larger platform peers, and it retains a comparatively concentrated reliance on channel distribution.
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Head-to-Head Comparison
The most immediate contrast between these two companies is scale and growth. PANW's roughly $3.4 billion in quarterly revenue and 34% growth rate dwarf TENB's roughly $268 million and single-digit growth. Yet that scale comes at a price: PANW trades at a price-to-sales ratio roughly in the high-teens to low-twenties, while TENB's ratio is nearer 4x, a wide discount that reflects its slower expansion.
The business models also differ. PANW pursues horizontal consolidation across network, cloud, identity, and security operations, giving it multiple growth engines and larger deal sizes. TENB is more concentrated in exposure management, where it holds a strong franchise but faces competition from larger platforms and hyperscalers bundling overlapping capabilities. Both benefit from AI as a demand catalyst, but PANW monetizes it across a broader product surface, while TENB's thesis depends more heavily on one segment gaining share of security budgets. From a risk standpoint, PANW's premium valuation leaves less margin for error, while TENB's smaller size and slower growth make it more sensitive to execution missteps.
Tickeron AI Verdict
Based on observable factors, Tickeron's AI would most likely favor PANW at present. The stock has demonstrated stronger and more consistent upward trend momentum, faster revenue and ARR growth, larger deal sizes, and clearer multi-product catalysts tied to AI security demand. TENB offers an attractive valuation and improving profitability, but its slower growth and narrower platform create a less compelling trend profile. The preference is probabilistic rather than definitive: PANW's elevated valuation introduces sensitivity to any growth disappointment, while TENB's discount could support outperformance if its platform momentum accelerates. Neither conclusion should be read as individualized investment advice.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is PANW is a Hold and TENB is a StrongBuy.
PANW in downward trend: 10-day moving average moved below 50-day moving average on October 22, 2026
The 10-day moving average for PANW crossed bearishly below the 50-day moving average on October 22, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 71%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for PANW moved out of overbought territory on October 07, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In 24 of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at 62%.
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PANW as a result. In 52 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 67%.
The Moving Average Convergence Divergence Histogram (MACD) for PANW turned negative on October 13, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In 31 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 69%.
PANW moved below its 50-day moving average on October 15, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PANW declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +4.30% 3-day Advance, the price is estimated to grow further. Considering data from situations where PANW advanced for three days, in 276 of 356 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
PANW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 199 of 272 cases where PANW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 1 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 6 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 37 (best 1 - 100 worst), indicating steady price growth. PANW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 89 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 100 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.560) is normal, around the industry mean (15.867). PANW has a moderately high P/E Ratio (865.659) as compared to the industry average of (56.069). Projected Growth (PEG Ratio) (2.002) is also within normal values, averaging (3.648). Dividend Yield (0.000) settles around the average of (0.212) among similar stocks. P/S Ratio (25.000) is also within normal values, averaging (103.889).
TENB in upward trend: 10-day moving average moved above 50-day moving average on September 24, 2026
The 10-day moving average for TENB crossed bullishly above the 50-day moving average on September 24, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 21, 2026. You may want to consider a long position or call options on TENB as a result. In 67 of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 69%.
The Moving Average Convergence Divergence (MACD) for TENB just turned positive on October 21, 2026. Looking at past instances where TENB's MACD turned positive, the stock continued to rise in 34 of 56 cases over the following month. The odds of a continued upward trend are 61%.
TENB moved above its 50-day moving average on September 29, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +7.75% 3-day Advance, the price is estimated to grow further. Considering data from situations where TENB advanced for three days, in 190 of 301 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
The Aroon Indicator entered an Uptrend today. In 103 of 148 cases where TENB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 70%.
Bearish Trend Analysis
The 10-day RSI Indicator for TENB moved out of overbought territory on October 12, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 16 similar instances where the indicator moved out of overbought territory. In 14 of the 16 cases, the stock moved lower in the following days. This puts the odds of a move lower at 88%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 54 of 68 cases where TENB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 79%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TENB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
TENB broke above its upper Bollinger Band on October 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 21 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 28 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. TENB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 88 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 100 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (23.316) is normal, around the industry mean (15.867). TENB has a moderately high P/E Ratio (700.000) as compared to the industry average of (56.069). Projected Growth (PEG Ratio) (1.175) is also within normal values, averaging (3.648). Dividend Yield (0.000) settles around the average of (0.212) among similar stocks. P/S Ratio (4.103) is also within normal values, averaging (103.889).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TENB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
PANW | TENB | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 78 | 35 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 100 Overvalued | 100 Overvalued | |
PROFIT vs RISK RATING 1..100 | 6 | 100 | |
SMR RATING 1..100 | 89 | 88 | |
PRICE GROWTH RATING 1..100 | 37 | 36 | |
P/E GROWTH RATING 1..100 | 1 | 28 | |
SEASONALITY SCORE 1..100 | 50 | 21 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
PANW's Valuation (100) in the Computer Communications industry is in the same range as TENB (100) in the Packaged Software industry. This means that PANW’s stock grew similarly to TENB’s over the last 12 months.
PANW's Profit vs Risk Rating (6) in the Computer Communications industry is significantly better than the same rating for TENB (100) in the Packaged Software industry. This means that PANW’s stock grew significantly faster than TENB’s over the last 12 months.
TENB's SMR Rating (88) in the Packaged Software industry is in the same range as PANW (89) in the Computer Communications industry. This means that TENB’s stock grew similarly to PANW’s over the last 12 months.
TENB's Price Growth Rating (36) in the Packaged Software industry is in the same range as PANW (37) in the Computer Communications industry. This means that TENB’s stock grew similarly to PANW’s over the last 12 months.
PANW's P/E Growth Rating (1) in the Computer Communications industry is in the same range as TENB (28) in the Packaged Software industry. This means that PANW’s stock grew similarly to TENB’s over the last 12 months.
| PANW | TENB | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 62% | 1 day ago 88% |
| Stochastic ODDS (%) | 1 day ago 83% | 1 day ago 79% |
| Momentum ODDS (%) | 1 day ago 67% | 1 day ago 69% |
| MACD ODDS (%) | 1 day ago 69% | 1 day ago 61% |
| TrendWeek ODDS (%) | 1 day ago 66% | 1 day ago 64% |
| TrendMonth ODDS (%) | 1 day ago 61% | 1 day ago 68% |
| Advances ODDS (%) | 1 day ago 78% | 1 day ago 63% |
| Declines ODDS (%) | 7 days ago 68% | 28 days ago 74% |
| BollingerBands ODDS (%) | 1 day ago 80% | 1 day ago 90% |
| Aroon ODDS (%) | 1 day ago 73% | 1 day ago 70% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
PANW’s FA Score shows that 2 FA rating(s) are green while TENB’s FA Score has 1 green FA rating(s).
- PANW’s FA Score: 2 green, 3 red.
- TENB’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
PANW’s TA Score shows that 4 TA indicator(s) are bullish while TENB’s TA Score has 6 bullish TA indicator(s).
- PANW’s TA Score: 4 bullish, 6 bearish.
- TENB’s TA Score: 6 bullish, 4 bearish.
Price Growth
PANW (@Computer Communications) experienced а -4.15% price change this week, while TENB (@Computer Communications) price change was +6.82% for the same time period.
The average weekly price growth across all stocks in the @Computer Communications industry was -1.38%. For the same industry, the average monthly price growth was -9.84%, and the average quarterly price growth was +4.47%.
Reported Earning Dates
PANW is expected to report earnings on Nov 18, 2026.
TENB is expected to report earnings on Oct 28, 2026.
Industries' Descriptions
@Computer Communications (-1.38% weekly)Computer communications industry develops technology that allows computing devices to exchange data with each other using connections/data links between nodes. Common types of computer network include Cloud (IAN), Internet, Wide (WAN, Local (LAN)/Wireless(WLAN) etc. The industry is an ever-more important part of technology, and is set to become even bigger as the Internet of Things (IoT) rapidly forays into the various aspects of our lives. Cisco Systems, Inc., Palo Alto Networks, Inc. and Arista Networks, Inc., Fortinet, Inc. are some of the major computer communications companies.
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PANW and
Correlation & Price change
A.I.dvisor indicates that over the last year, PANW has been closely correlated with CRWD. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if PANW jumps, then CRWD could also see price increases.
| Ticker / NAME | Correlation To PANW | 1D Price Change % | ||
|---|---|---|---|---|
| PANW | 100% | +2.21% | ||
| CRWD - PANW | 85% Closely correlated | -0.58% | ||
| FTNT - PANW | 77% Closely correlated | -0.61% | ||
| OKTA - PANW | 71% Closely correlated | -3.50% | ||
| TENB - PANW | 64% Loosely correlated | +3.27% | ||
| RBRK - PANW | 63% Loosely correlated | +0.31% | ||
More | ||||
TENB and
Correlation & Price change
A.I.dvisor indicates that over the last year, TENB has been closely correlated with QLYS. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if TENB jumps, then QLYS could also see price increases.
| Ticker / NAME | Correlation To TENB | 1D Price Change % | ||
|---|---|---|---|---|
| TENB | 100% | +3.27% | ||
| QLYS - TENB | 71% Closely correlated | +5.85% | ||
| CRWD - TENB | 71% Closely correlated | -0.58% | ||
| OKTA - TENB | 70% Closely correlated | -3.50% | ||
| S - TENB | 65% Loosely correlated | -1.19% | ||
| PANW - TENB | 65% Loosely correlated | +2.21% | ||
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| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| IBDV | 21.32 | 0.13 | +0.61% |
| iShares iBonds Dec 2030 Term Corporate ETF (IBDV) | |||
| SPAM | 46.09 | 0.16 | +0.35% |
| Themes Cybersecurity ETF (SPAM) | |||
| BLW | 11.50 | -0.06 | -0.52% |
| Blackrock Limited | |||
| IMOM | 37.33 | -1.16 | -3.00% |
| Alpha Architect International Quantitative Momentum ETF (IMOM) | |||
| IREX | 4.81 | -0.95 | -16.49% |
| Tradr 2X Long IREN Daily ETF (IREX) | |||