Tufin Software Technologies (NYSE:TUFN) Posts Earnings Results, Beats Expectations By $0.03 EPS

Tufin Software Technologies (NYSE:TUFN) issued its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03, Briefing.com reports. The company had revenue of $30.12 million during the quarter, compared to analyst estimates of $29.76 million. Tufin Software Technologies had a negative net margin of 17.72% and a negative return on equity of 54.40%. Tufin Software Technologies’s quarterly revenue 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.

TUFN stock traded up $0.42 on Friday, hitting $14.64. 131,887 shares of the company’s stock traded hands, compared to its average volume of 453,808. Tufin Software Technologies has a 1-year low of $11.65 and a 1-year high of $31.04. The stock has a fifty day moving average of $15.25 and a 200-day moving average of $16.91.

A number of analysts have recently weighed in on the stock. DA Davidson began coverage on shares of Tufin Software Technologies in a research note on Wednesday, November 27th. They issued a “buy” rating for the company. Piper Jaffray Companies began coverage on shares of Tufin Software Technologies in a research note on Tuesday, January 7th. They set a “hold” rating and a $20.00 target price for the company. Jefferies Financial Group cut their target price on shares of Tufin Software Technologies from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, January 9th. Piper Sandler reissued a “neutral” rating and set a $20.00 target price on shares of Tufin Software Technologies in a research note on Tuesday, January 7th. Finally, Zacks Investment Research raised shares of Tufin Software Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 3rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Tufin Software Technologies currently has an average rating of “Buy” and a consensus target price 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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