Tufin Software Technologies (NYSE:TUFN) Releases Earnings Results, Beats Expectations By $0.07 EPS
Tufin Software Technologies (NYSE:TUFN) announced its quarterly earnings data on Thursday. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.07, Briefing.com reports. The firm had revenue of $25.60 million during the quarter, compared to analysts’ expectations of $25.16 million. Tufin Software Technologies’s quarterly revenue was up 32.6% compared to the same quarter last year.
TUFN stock traded down $1.17 during mid-day trading on Friday, hitting $17.35. 217,100 shares of the company were exchanged, compared to its average volume of 306,216. The business has a fifty day simple moving average of $16.75 and a 200-day simple moving average of $20.47. Tufin Software Technologies has a 12-month low of $14.85 and a 12-month high of $31.04.
A number of equities research analysts recently issued reports on the stock. Barclays reissued a “buy” rating and issued a $34.00 price objective on shares of Tufin Software Technologies in a report on Thursday, July 18th. Zacks Investment Research raised shares of Tufin Software Technologies from a “sell” rating to a “hold” rating in a 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. The stock has a consensus rating of “Buy” and an average price target of $29.57.
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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