Tufin Software Technologies Ltd. (NYSE:TUFN) Expected to Post Quarterly Sales of $25.12 Million

Wall Street brokerages expect Tufin Software Technologies Ltd. (NYSE:TUFN – Get Rating) to report sales of $25.12 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tufin Software Technologies’ earnings, with the lowest sales estimate coming in at $25.00 million and the highest estimate coming in at $25.30 million. Tufin Software Technologies posted sales of $21.36 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Tufin Software Technologies will report full-year sales of $125.15 million for the current fiscal year, with estimates ranging from $123.00 million to $126.44 million. For the next financial year, analysts anticipate that the firm will report sales of $138.74 million, with estimates ranging from $138.00 million to $140.21 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Tufin Software Technologies.

Tufin Software Technologies (NYSE:TUFN – Get Rating) last issued its earnings results on Thursday, February 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.06. The firm had revenue of $35.84 million for the quarter, compared to the consensus estimate of $34.38 million. Tufin Software Technologies had a negative net margin of 33.28% and a negative return on equity of 62.67%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share.

Several research firms have recently weighed in on TUFN. Stifel Nicolaus decreased their price objective on shares of Tufin Software Technologies from $11.00 to $10.00 and set a “hold” rating for the company in a report on Monday, March 21st. Zacks Investment Research raised shares of Tufin Software Technologies from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday. Finally, Colliers Securities cut shares of Tufin Software Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, April 6th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tufin Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $12.57.

Shares of NYSE TUFN opened at $12.90 on Friday. The firm’s 50 day moving average price is $9.48 and its 200-day moving average price is $9.47. The company has a market cap of $474.33 million, a PE ratio of -12.90 and a beta of 1.61. Tufin Software Technologies has a 52-week low of $7.50 and a 52-week high of $13.50.

A number of hedge funds have recently made changes to their positions in TUFN. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Tufin Software Technologies during the fourth quarter valued at approximately $19,993,000. ETF Managers Group LLC increased its holdings in Tufin Software Technologies by 79.5% during the fourth quarter. ETF Managers Group LLC now owns 2,756,491 shares of the company’s stock valued at $28,860,000 after buying an additional 1,220,642 shares during the last quarter. B. Riley Asset Management LLC purchased a new stake in Tufin Software Technologies during the fourth quarter valued at approximately $10,681,000. Edenbrook Capital LLC increased its holdings in Tufin Software Technologies by 449.8% during the fourth quarter. Edenbrook Capital LLC now owns 764,359 shares of the company’s stock valued at $8,064,000 after buying an additional 625,338 shares during the last quarter. Finally, Divisar Capital Management LLC purchased a new stake in shares of Tufin Software Technologies in the third quarter worth $3,835,000. 45.98% of the stock is owned by institutional investors and hedge funds.

Tufin Software Technologies Company Profile (Get Rating)

Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets, and sells software-based solutions primarily in the United States, Israel, Europe, the Middle East, and Africa, Germany, the Asia Pacific, and internationally. The company provides SecureTrack, which enables security administrators to define and manage a centralized security policy, minimize the attack surface, and ensure continuous compliance across the network; SecureChange that is used to assess, provision, and verify security configuration changes across physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage, and monitor network connectivity for their applications.

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