Tufin Software Technologies Ltd. (NYSE: TUFN) Expected to Record Quarterly Sales of $25.35 Million

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.

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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.

Further reading

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