$35.96 Million in Sales Expected for Tufin Software Technologies Ltd (NYSE:TUFN) This Quarter

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Analysts expect Tufin Software Technologies Ltd (NYSE:TUFN) to report sales of $35.96 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Tufin Software Technologies’ earnings. The highest sales estimate is $36.30 million and the lowest is $35.80 million. The business is expected to issue its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Tufin Software Technologies will report full-year sales of $109.13 million for the current fiscal year, with estimates ranging from $109.00 million to $109.43 million. For the next year, analysts anticipate that the firm will post sales of $134.40 million, with estimates ranging from $133.50 million to $135.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Tufin Software Technologies.

Tufin Software Technologies (NYSE:TUFN) last issued its earnings results on Thursday, November 14th. The company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.07. Tufin Software Technologies had a negative net margin of 17.72% and a negative return on equity of 54.40%. The firm had revenue of $25.60 million during the quarter, compared to analyst estimates of $25.16 million. The company’s quarterly revenue was up 32.6% on a year-over-year basis.

A number of equities analysts recently weighed in on TUFN shares. DA Davidson started coverage on shares of Tufin Software Technologies in a research report on Wednesday, November 27th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Tufin Software Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Tufin Software Technologies currently has an average rating of “Buy” and an average target price of $29.57.

A number of hedge funds have recently added to or reduced their stakes in TUFN. ETF Managers Group LLC bought a new position in Tufin Software Technologies during the second quarter valued at $39,079,000. TimesSquare Capital Management LLC bought a new position in Tufin Software Technologies during the second quarter valued at $27,764,000. Steadfast Capital Management LP bought a new position in Tufin Software Technologies during the second quarter valued at $20,773,000. Cramer Rosenthal Mcglynn LLC bought a new position in Tufin Software Technologies during the second quarter valued at $12,711,000. Finally, Waddell & Reed Financial Inc. bought a new position in Tufin Software Technologies during the second quarter valued at $9,708,000. Institutional investors and hedge funds own 27.34% of the company’s stock.

Shares of NYSE:TUFN traded up $0.24 during midday trading on Monday, reaching $16.73. 387,927 shares of the company were exchanged, compared to its average volume of 465,415. The business’s fifty day moving average is $17.46 and its two-hundred day moving average is $19.76. Tufin Software Technologies has a one year low of $14.85 and a one year high of $31.04.

Tufin Software Technologies Company Profile

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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