SNDK
Sandisk Corporation
SNDK has the edge over TENB overall, supported by stronger fundamentals and stronger modeled upside.
TENB
Tenable Holdings, Inc.
TENB has lower modeled downside risk, despite its lower overall score.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
TENB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TENB's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
TENB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $41.05 | — |
| Current | 316x | $41.05 | — |
| Cheap | 491x | $63.83 | +55% |
| Fair | 697x | $90.55 | +121% |
| Expensive | 759x | $98.71 | +140% |
Historical ranges are pointers, not guarantees.
TENB has the edge over SNDK in the historical PE scenario, which offers more potential upside but is not a forecast.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
TENB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for TENB, with profitability improving. However, they disagree widely on these estimates.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over TENB in the latest year-over-year earnings comparison.
TENB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.37 | +1719% |
| Q3 2026 | $0.13 | +$0.41 |
| Q2 2026 | $0.05 | +$0.43 |
| Q1 2026 | -$0.10 | +$0.28 |
| Q4 2025 | -$0.30 | +$0.01 |
| Q3 2025 | -$0.28 | +$0.23 |
| Q2 2025 | -$0.38 | +$0.18 |
| Q1 2025 | -$0.38 | +$0.20 |
| Q4 2024 | -$0.31 | +$0.37 |
TENB has returned to profit: it earned $0.13 per share over the past year, after losing money the year before.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over TENB on profitability, with a higher operating margin.
TENB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $276.4M | +9.5% |
| Q2 2026 | $268.5M | +8.6% |
| Q1 2026 | $262.1M | +9.6% |
| Q4 2025 | $260.5M | +11% |
| Q3 2025 | $252.4M | +11% |
| Q2 2025 | $247.3M | +12% |
| Q1 2025 | $239.1M | +11% |
| Q4 2024 | $235.7M | +11% |
TENB's revenue has grown year over year every quarter since late 2020: $276M last quarter, up 9.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6% | +3.2 points |
| Q2 2026 | 4.6% | +7.6 points |
| Q1 2026 | 3.3% | +11 points |
| Q4 2025 | 3.4% | -2.1 points |
| Q3 2025 | 2.8% | +3.8 points |
| Q2 2025 | -3% | +1 points |
| Q1 2025 | -7.4% | -3.3 points |
| Q4 2024 | 5.5% | +12 points |
TENB's operating margin was 6% last quarter, up 3.2 points from the same quarter a year ago, near the top of its range since 2019.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
TENB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $69M | +30% |
| Q2 2026 | $43.3M | +14% |
| Q1 2026 | $85.4M | +5.6% |
| Q4 2025 | $82.7M | +4.9% |
| Q3 2025 | $53M | -1.7% |
| Q2 2025 | $38.1M | +23% |
| Q1 2025 | $80.9M | +63% |
| Q4 2024 | $78.8M | +107% |
TENB has the edge over SNDK on cash flow, with more consistent year-over-year improvement.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
TENB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.9% | +2.2M shares |
| 1 year | -4.9% | -6M shares |
| 3 years | 0% | +16K shares |
| 5 years | +8.5% | +9.1M shares |
| Available history | +21% | +20M shares |
TENB has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $223.8M |
| Q2 2026 | $100M |
| Q1 2026 | $130.2M |
| Q4 2025 | $62.5M |
| Q3 2025 | $60M |
| Q2 2025 | $65M |
| Q1 2025 | $60M |
| Q4 2024 | $50M |
TENB spent $517M buying back its own shares over the past year, up 120% from the year before.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
TENB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.6x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -2.3x | Net Cash |
| Q4 2025 | -5.7x | Net Cash |
| Q3 2025 | -4.8x | Net Cash |
| Q2 2025 | -7.4x | Net Cash |
| Q1 2025 | -12.2x | Net Cash |
| Q4 2024 | -12.5x | Net Cash |
TENB has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
TENB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.8 | Neutral |
| Stochastic | 63.5 | Neutral |
TENB's weekly RSI is 56 (neutral) and its Stochastic is 63 (neutral).
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over TENB on valuation relative to its sector.
TENB PE vs Technology Sector
| Metric | TENB | Sector median | Relative |
|---|---|---|---|
| PE | 316x | 28x | 1,033% above |
TENB is trading at 316x earnings, a 1033% premium to the Technology sector's median of 28x, though its earnings don't support one.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
TENB has stronger trend alignment. SNDK is above 0 of 3 weekly averages versus TENB above 5 of 5.
TENB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $41.0 | 0.2% above |
| 20 week MA | $37.9 | 8.4% above |
| 50 week MA | $28.7 | 43% above |
| 100 week MA | $31.0 | 33% above |
| 200 week MA | $37.2 | 10% above |
TENB has climbed back above all five of its weekly moving averages, and it's now 10% above its 200-week average.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over TENB on returns for 2026, with the stronger performance.
TENB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.5 | $54.7 | +133% |
| 2021 | $54.7 | $55.4 | +1.3% |
| 2022 | $55.4 | $36.9 | -33% |
| 2023 | $36.9 | $46.1 | +25% |
| 2024 | $46.1 | $39.5 | -14% |
| 2025 | $39.5 | $24.1 | -39% |
| 2026 YTD | $24.1 | $41.1 | +70% |
TENB is up 70% so far in 2026, after finishing lower in three of the previous six years.