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

Tufin Software Technologies (NYSE:TUFN) announced its quarterly earnings data on Thursday. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.07, Briefing.com reports. The firm had revenue of $25.60 million for the quarter, compared to the consensus estimate of $25.16 million. Tufin Software Technologies’s revenue for the quarter was up 32.6% compared to the same quarter last year.

NYSE:TUFN opened at $17.35 on Friday. The stock’s fifty day moving average price is $16.76 and its two-hundred day moving average price is $20.44. Tufin Software Technologies has a 1 year low of $14.85 and a 1 year high of $31.04.

Separately, Zacks Investment Research upgraded Tufin Software Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.57.

About Tufin Software Technologies

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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