Equity research analysts predict that Tufin Software Technologies Ltd. (NYSE: TUFN – Get Rating) will announce revenue of $25.12 million for the current fiscal quarter, reports Zacks Investment Research. Three analysts have made earnings estimates for Tufin Software Technologies, with the highest sales estimate of $25.30 million and the lowest estimate of $25.00 million. Tufin Software Technologies reported sales of $21.36 million in the same quarter last year, suggesting a positive year-over-year growth rate of 17.6%. The company is expected to announce its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Tufin Software Technologies to report annual revenue of $125.15 million for the current fiscal year, with estimates ranging from $123.00 to $126.44 million. . For the next fiscal year, analysts expect the company to report sales of $138.74 million, with estimates ranging from $138.00 million to $140.21 million. Zacks Investment Research sales calculations are an average based on a survey of research companies that provide coverage for Tufin Software Technologies.
Tufin Software Technologies (NYSE: TUFN – Get Rating) last reported results on Thursday, February 10. The company reported ($0.11) earnings per share for the quarter, beating analyst consensus estimates of ($0.17) by $0.06. The company posted revenue of $35.84 million in the quarter, compared to $34.38 million expected by analysts. Tufin Software Technologies recorded a negative net margin of 33.28% and a negative return on equity of 62.67%. The company’s revenue for the quarter increased by 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 have weighed in on TUFN recently. Colliers Securities reduced shares of Tufin Software Technologies from a “buy” rating to a “neutral” rating in a Wednesday, April 6 report. Stifel Nicolaus cut his price target on Tufin Software Technologies shares from $11.00 to $10.00 and set a “holding” rating for the company in a Monday, March 21 research report. Finally, Zacks Investment Research upgraded shares of Tufin Software Technologies from a “hold” rating to a “buy” rating and set a price target of $15.00 for the company in a Wednesday research report. April 13. Five investment analysts gave the stock a hold rating and two gave the stock a buy rating. 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 increased or reduced their stakes in TUFN. GSA Capital Partners LLP acquired a new stake in Tufin Software Technologies in Q3 for a value of approximately $117,000. Renaissance Technologies LLC acquired a new stake in Tufin Software Technologies in Q4 for a value of approximately $136,000. Schonfeld Strategic Advisors LLC acquired a new stake in Tufin Software Technologies in Q4 for a value of approximately $154,000. Goldman Sachs Group Inc. increased its position in Tufin Software Technologies by 72.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 22,124 shares of the company worth $233,000 after buying 9,286 additional shares last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Tufin Software Technologies in Q3 worth approximately $361,000. Institutional investors hold 57.61% of the company’s shares.
NYSE:TUFN shares opened at $12.82 on Friday. The stock has a market capitalization of $471.39 million, a price/earnings ratio of -12.82 and a beta of 1.00. Tufin Software Technologies has a 1 year minimum of $7.50 and a 1 year maximum 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 a rating)
Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets and sells software solutions primarily in the United States, Israel, Europe, the Middle East and Africa, Germany, 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 entire network; SecureChange which is used to assess, provision and verify security configuration changes on physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage and monitor network connectivity of their applications.
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