Brokerages Expect Tufin Software Technologies Ltd. (NYSE:TUFN) to Post -$0.30 EPS

Analysts expect that Tufin Software Technologies Ltd. (NYSE:TUFNGet Rating) will post earnings of ($0.30) per share for the current quarter, according to Zacks. Three analysts have provided estimates for Tufin Software Technologies’ earnings. The lowest EPS estimate is ($0.30) and the highest is ($0.29). Tufin Software Technologies reported earnings of ($0.27) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Tufin Software Technologies will report full-year earnings of ($0.77) per share for the current fiscal year, with EPS estimates ranging from ($0.81) to ($0.74). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.71) per share, with EPS estimates ranging from ($0.77) to ($0.59). Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Tufin Software Technologies.

Tufin Software Technologies (NYSE:TUFNGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.06. The firm had revenue of $35.84 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.12) earnings per share.

TUFN has been the subject of several research analyst reports. Colliers Securities cut shares of Tufin Software Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, April 6th. Stifel Nicolaus reduced their price target 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. Finally, Zacks Investment Research upgraded shares of Tufin Software Technologies from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.57.

Tufin Software Technologies stock opened at $12.90 on Thursday. The stock has a market capitalization of $474.33 million, a PE ratio of -12.90 and a beta of 1.61. Tufin Software Technologies has a twelve month low of $7.50 and a twelve month high of $13.50. The company has a 50 day moving average of $9.48 and a 200-day moving average of $9.46.

A number of hedge funds and other institutional investors have recently bought and sold shares of TUFN. Morgan Stanley raised its position in Tufin Software Technologies by 8.4% during the second quarter. Morgan Stanley now owns 590,620 shares of the company’s stock worth $5,386,000 after acquiring an additional 45,656 shares in the last quarter. Davy Global Fund Management Ltd raised its position in Tufin Software Technologies by 6.9% during the third quarter. Davy Global Fund Management Ltd now owns 146,721 shares of the company’s stock worth $1,442,000 after acquiring an additional 9,497 shares in the last quarter. ARS Investment Partners LLC raised its position in Tufin Software Technologies by 0.9% during the third quarter. ARS Investment Partners LLC now owns 801,599 shares of the company’s stock worth $7,880,000 after acquiring an additional 6,996 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Tufin Software Technologies in the 3rd quarter valued at about $361,000. Finally, GSA Capital Partners LLP bought a new position in Tufin Software Technologies in the 3rd quarter valued at about $117,000. 45.98% of the stock is currently owned by hedge funds and other institutional investors.

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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