Tufin Software Technologies Ltd (NYSE:TUFN) Expected to Post Quarterly Sales of $23.97 Million
Equities research analysts expect Tufin Software Technologies Ltd (NYSE:TUFN) to announce sales of $23.97 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Tufin Software Technologies’ earnings, with estimates ranging from $23.87 million to $24.00 million. The company is expected to announce its next earnings report before the market opens on Tuesday, September 3rd.
According to Zacks, analysts expect that Tufin Software Technologies will report full-year sales of $107.25 million for the current financial year, with estimates ranging from $106.40 million to $107.60 million. For the next financial year, analysts anticipate that the company will report sales of $132.95 million, with estimates ranging from $132.00 million to $134.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Tufin Software Technologies.
Tufin Software Technologies (NYSE:TUFN) last announced its quarterly earnings data on Thursday, June 13th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.07. The firm had revenue of $22.50 million during the quarter, compared to analysts’ expectations of $21.04 million. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year.
Shares of NYSE:TUFN traded up $0.52 during trading on Friday, hitting $16.37. The stock had a trading volume of 7,531 shares, compared to its average volume of 350,147. Tufin Software Technologies has a 12-month low of $15.15 and a 12-month high of $31.04. The business’s 50-day moving average price is $23.36.
A number of hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $39,079,000. TimesSquare Capital Management LLC purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $27,764,000. Steadfast Capital Management LP purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $20,773,000. Cramer Rosenthal Mcglynn LLC purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $12,711,000. Finally, Waddell & Reed Financial Inc. purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $9,708,000. Institutional investors own 7.31% 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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