Tufin Software Technologies (NYSE:TUFN) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Tufin Software Technologies (NYSE:TUFN) issued its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03, Briefing.com reports. Tufin Software Technologies had a negative net margin of 17.72% and a negative return on equity of 54.40%. The company had revenue of $30.12 million for the quarter, compared to analysts’ expectations of $29.76 million. The business’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 traded up $0.37 during trading on Friday, reaching $14.59. 3,783 shares of the stock traded hands, compared to its average volume of 453,808. The stock’s 50-day moving average is $15.25 and its 200 day moving average is $16.91. Tufin Software Technologies has a 12 month low of $11.65 and a 12 month high of $31.04.
Several brokerages recently weighed in on TUFN. 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. DA Davidson began coverage on shares of Tufin Software Technologies in a research note on Wednesday, November 27th. They issued a “buy” rating on the stock. ValuEngine raised shares of Tufin Software Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group reduced their price objective on shares of Tufin Software Technologies from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, January 9th. Finally, Oppenheimer reissued a “buy” rating and issued a $20.00 price objective on shares of Tufin Software Technologies in a research note on Thursday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Tufin Software Technologies presently has an average rating of “Buy” and a consensus target price of $25.13.
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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