Brokerages Anticipate Tufin Software Technologies Ltd (NYSE:TUFN) to Announce $0.05 Earnings Per Share

Equities research analysts predict that Tufin Software Technologies Ltd (NYSE:TUFN) will announce $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Tufin Software Technologies’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.08. The firm is scheduled to report its next quarterly earnings results on Thursday, February 13th.

On average, analysts expect that Tufin Software Technologies will report full-year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.49) to ($0.38). For the next financial year, analysts forecast that the business will post earnings of ($0.35) per share, with EPS estimates ranging from ($0.42) to ($0.27). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Tufin Software Technologies.

Tufin Software Technologies (NYSE:TUFN) last posted its quarterly earnings results on Thursday, November 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The company had revenue of $25.60 million during the quarter, compared to the consensus estimate of $25.16 million. The business’s quarterly revenue was up 32.6% on a year-over-year basis.

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. Tufin Software Technologies presently has an average rating of “Buy” and a consensus target price of $29.57.

Shares of NYSE:TUFN traded down $1.17 during midday trading on Thursday, hitting $17.35. The company had a trading volume of 217,197 shares, compared to its average volume of 164,328. Tufin Software Technologies has a 12 month low of $14.85 and a 12 month high of $31.04. The firm has a fifty day simple moving average of $16.76 and a 200 day simple moving average of $20.44.

Several large investors have recently bought and sold shares of TUFN. Ion Asset Management Ltd. acquired a new stake in Tufin Software Technologies during the 2nd quarter worth $2,589,000. Kornitzer Capital Management Inc. KS acquired a new stake in Tufin Software Technologies during the 2nd quarter worth $5,632,000. TimesSquare Capital Management LLC acquired a new stake in Tufin Software Technologies during the 2nd quarter worth $27,764,000. Wells Fargo & Company MN acquired a new stake in Tufin Software Technologies during the 2nd quarter worth $176,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in Tufin Software Technologies during the 2nd quarter worth $1,051,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

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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Earnings History and Estimates for Tufin Software Technologies (NYSE:TUFN)

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