Tufin Software Technologies Ltd (NYSE:TUFN) Expected to Post Quarterly Sales of $21.78 Million

Wall Street brokerages expect that Tufin Software Technologies Ltd (NYSE:TUFN) will announce sales of $21.78 million for the current quarter, according to Zacks. Six analysts have provided estimates for Tufin Software Technologies’ earnings. The highest sales estimate is $22.33 million and the lowest is $21.24 million. Tufin Software Technologies reported sales of $25.10 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.2%. The company is scheduled to issue its next quarterly earnings results on Tuesday, September 1st.

According to Zacks, analysts expect that Tufin Software Technologies will report full-year sales of $96.32 million for the current fiscal year, with estimates ranging from $90.91 million to $101.20 million. For the next year, analysts expect that the company will report sales of $114.54 million, with estimates ranging from $108.50 million to $125.00 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Tufin Software Technologies.

Tufin Software Technologies (NYSE:TUFN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.11. The firm had revenue of $22.40 million for the quarter, compared to analyst estimates of $21.12 million. Tufin Software Technologies had a negative return on equity of 41.89% and a negative net margin of 39.85%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.41) earnings per share.

TUFN has been the topic of a number of analyst reports. DA Davidson lifted their price objective on Tufin Software Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. ValuEngine upgraded Tufin Software Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Zacks Investment Research downgraded Tufin Software Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Oppenheimer reiterated a “buy” rating and set a $15.00 price objective on shares of Tufin Software Technologies in a research report on Friday, April 24th. Finally, Dougherty & Co initiated coverage on Tufin Software Technologies in a research report on Friday, March 27th. They set a “buy” rating and a $12.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tufin Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $16.63.

Shares of NYSE:TUFN traded up $0.27 during trading on Monday, reaching $9.73. The stock had a trading volume of 82,283 shares, compared to its average volume of 238,062. The business has a fifty day moving average price of $9.02 and a 200-day moving average price of $13.15. Tufin Software Technologies has a 1-year low of $5.79 and a 1-year high of $31.04.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at $49,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at $58,000. Aigen Investment Management LP purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at $90,000. M&T Bank Corp purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at $104,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at $149,000. Institutional investors own 34.68% of the company’s stock.

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

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