Zacks: Analysts Anticipate Tufin Software Technologies Ltd. (NYSE:TUFN) Will Announce Quarterly Sales of $25.12 Million

Equities research analysts forecast that Tufin Software Technologies Ltd. (NYSE:TUFN – Get Rating) will announce $25.12 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Tufin Software Technologies’ earnings, with the highest sales estimate coming in at $25.30 million and the lowest estimate coming in at $25.00 million. Tufin Software Technologies posted sales of $21.36 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Tufin Software Technologies will report full year sales of $125.15 million for the current financial year, with estimates ranging from $123.00 million to $126.44 million. For the next financial year, analysts expect that the firm will report sales of $138.74 million, with estimates ranging from $138.00 million to $140.21 million. Zacks Investment Research’s 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 for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share.

A number of brokerages recently weighed in on TUFN. 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 research 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 research report on Wednesday, April 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.57.

A number of hedge funds have recently added to or reduced their stakes in TUFN. GSA Capital Partners LLP purchased a new stake in Tufin Software Technologies in the 3rd quarter worth approximately $117,000. Renaissance Technologies LLC purchased a new stake in Tufin Software Technologies in the 4th quarter worth approximately $136,000. Schonfeld Strategic Advisors LLC purchased a new stake in Tufin Software Technologies in the 4th quarter worth approximately $154,000. Goldman Sachs Group Inc. lifted its position in Tufin Software Technologies by 72.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,124 shares of the company’s stock worth $233,000 after buying an additional 9,286 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Tufin Software Technologies in the 3rd quarter worth approximately $361,000. Institutional investors own 57.61% of the company’s stock.

Shares of NYSE:TUFN opened at $12.82 on Friday. The stock has a market capitalization of $471.39 million, a price-to-earnings ratio of -12.82 and a beta of 1.00. Tufin Software Technologies has a 1-year low of $7.50 and a 1-year high of $13.50. The company has a 50 day moving average price of $10.72 and a 200 day moving average price of $9.77.

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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