Tufin Software Technologies (NYSE:TUFN) Issues Quarterly Earnings Results

Tufin Software Technologies (NYSE:TUFN) posted its quarterly earnings results on Thursday. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.03, Briefing.com reports. The firm had revenue of $30.12 million during the quarter, compared to analysts’ expectations of $29.76 million. Tufin Software Technologies had a negative return on equity of 54.40% and a negative net margin of 17.72%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Tufin Software Technologies updated its Q1 2020
Pre-Market guidance to EPS and its FY 2020
Pre-Market guidance to EPS.

Shares of TUFN traded up $0.37 during mid-day trading on Friday, reaching $14.59. The company had a trading volume of 3,783 shares, compared to its average volume of 453,808. Tufin Software Technologies has a twelve month low of $11.65 and a twelve month high of $31.04. The company’s 50-day moving average is $15.25 and its 200-day moving average is $16.91.

Several research firms have commented on TUFN. ValuEngine raised Tufin Software Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group cut their price target on Tufin Software Technologies from $28.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 9th. Oppenheimer reaffirmed a “buy” rating and issued a $20.00 price target on shares of Tufin Software Technologies in a report on Thursday. Piper Sandler reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Tufin Software Technologies in a report on Tuesday, January 7th. Finally, Piper Jaffray Companies assumed coverage on Tufin Software Technologies in a report on Tuesday, January 7th. They issued a “hold” rating and a $20.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Tufin Software Technologies presently has a consensus rating of “Buy” and a consensus price target of $25.13.

Tufin Software Technologies Company Profile

Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.

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