Tufin Software Technologies (NYSE:TUFN – Get Rating) posted its earnings results on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.04), Briefing.com reports. The firm had revenue of $26.10 million during the quarter, compared to the consensus estimate of $28.03 million. Tufin Software Technologies had a negative return on equity of 62.67% and a negative net margin of 33.28%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis.
Shares of TUFN opened at $12.68 on Friday. Tufin Software Technologies has a fifty-two week low of $7.59 and a fifty-two week high of $13.50. The business has a 50-day moving average of $11.06 and a 200 day moving average of $9.86.
A number of brokerages have recently weighed in on TUFN. Zacks Investment Research upgraded Tufin Software Technologies from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, April 13th. Stifel Nicolaus cut their price objective on Tufin Software Technologies from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Monday, March 21st. Finally, Colliers Securities lowered Tufin Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tufin Software Technologies has an average rating of “Hold” and a consensus price target of $12.57.
About Tufin Software Technologies (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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