Equities research analysts predict that Tufin Software Technologies Ltd (NYSE:TUFN) will announce $25.15 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Tufin Software Technologies’ earnings, with the lowest sales estimate coming in at $25.00 million and the highest estimate coming in at $25.70 million. The firm is expected to report its next quarterly earnings results on Tuesday, December 3rd.
According to Zacks, analysts expect that Tufin Software Technologies will report full year sales of $108.54 million for the current financial year, with estimates ranging from $108.30 million to $108.70 million. For the next financial year, analysts expect that the company will post sales of $134.05 million, with estimates ranging from $133.00 million to $134.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Tufin Software Technologies.
Tufin Software Technologies (NYSE:TUFN) last released its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.06. The business had revenue of $25.10 million for the quarter, compared to analyst estimates of $23.99 million. The firm’s quarterly revenue was up 35.7% compared to the same quarter last year.
A number of equities research analysts recently issued reports on TUFN shares. Barclays reissued a “buy” rating and issued a $34.00 target price on shares of Tufin Software Technologies in a research report on Thursday, July 18th. Zacks Investment Research lowered Tufin Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Tufin Software Technologies currently has an average rating of “Buy” and a consensus target price of $29.57.
Tufin Software Technologies stock traded up $0.83 during midday trading on Wednesday, reaching $17.69. The stock had a trading volume of 418,000 shares, compared to its average volume of 327,933. The company’s fifty day moving average is $17.20. Tufin Software Technologies has a 1-year low of $15.15 and a 1-year high of $31.04.
Several hedge funds and other institutional investors have recently modified their holdings of the company. ETF Managers Group LLC bought a new stake in Tufin Software Technologies in the 2nd quarter valued at $39,079,000. TimesSquare Capital Management LLC bought a new stake in Tufin Software Technologies in the 2nd quarter valued at $27,764,000. Steadfast Capital Management LP bought a new stake in Tufin Software Technologies in the 2nd quarter valued at $20,773,000. Cramer Rosenthal Mcglynn LLC bought a new stake in Tufin Software Technologies in the 2nd quarter valued at $12,711,000. Finally, Waddell & Reed Financial Inc. bought a new stake in Tufin Software Technologies in the 2nd quarter valued at $9,708,000. Institutional investors own 26.15% 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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