Wall Street analysts predict that Tufin Software Technologies Ltd. (NYSE: TUFN- Get a rating) will announce revenue of $25.35 million for the current quarter, Zacks reports. Four analysts made earnings estimates for Tufin Software Technologies. The highest sales estimate is $25.92 million and the lowest is $25.00 million. Tufin Software Technologies reported sales of $21.36 million in the same quarter last year, indicating a positive year-over-year growth rate of 18.7%. The company is expected to release its next quarterly earnings report on Thursday, May 12.
According to Zacks, analysts expect Tufin Software Technologies to report annual revenue of $126.18 million for the current fiscal year, with estimates ranging from $126.00 to $126.44 million. . For next year, analysts expect the company to post sales of $142.15 million, with estimates ranging from $138.00 to $149.60 million. Zacks Investment Research sales calculations are an average average based on a survey of analysts who cover Tufin Software Technologies.
Tufin Software Technologies (NYSE: TUFN – Get a rating) last released its quarterly earnings data on Thursday, February 10. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. Tufin Software Technologies recorded a negative return on equity of 58.19% and a negative net margin of 35.16%. The company posted revenue of $35.84 million for the quarter, versus analyst estimates of $34.38 million. During the same period last year, the company posted ($0.12) earnings per share. The company’s revenue increased by 15.8% compared to the same quarter last year.
TUFN has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered its price target on Tufin Software Technologies from $15.00 to $13.00 and set an “overweight” rating on the stock in a Tuesday, December 14 report. Colliers Securities reissued a “buy” rating and set a target price of $15.00 on shares of Tufin Software Technologies in a research note on Monday, December 6. Ultimately, Zacks Investment Research upgraded shares of Tufin Software Technologies from a “sell” rating to a “hold” rating in a report on Friday. Six investment analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.00.
NYSE: TUFN opened at $9.12 on Friday. The stock has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $9.68. Tufin Software Technologies has a one-year minimum of $7.50 and a one-year maximum of $13.50. The company has a market capitalization of $335.34 million, a price-earnings ratio of -9.03 and a beta of 1.65.
Several hedge funds and other institutional investors have recently changed their holdings of TUFN. GSA Capital Partners LLP purchased a new stake in Tufin Software Technologies in the third quarter at a value of $117,000. Renaissance Technologies LLC purchased a new stock position in Tufin Software Technologies in Q4 for a value of approximately $136,000. Walleye Trading LLC bought a new position in shares of Tufin Software Technologies in Q2 for a value of approximately $154,000. Schonfeld Strategic Advisors LLC bought a new stock position in Tufin Software Technologies in Q4 for a value of approximately $154,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Tufin Software Technologies by 72.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,124 shares of the company worth $233,000 after buying 9,286 additional shares in the last quarter. 41.04% of the shares are currently held by institutional investors.
About Tufin Software Technologies (Get a rating)
Tufin Software Technologies Ltd. is committed to providing a policy-centric approach to IT security and operations. It transforms enterprise security operations by helping them visualize, define, and enforce security policy across complex and heterogeneous IT and cloud environments.
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