Zacks: Analysts Expect Tufin Software Technologies Ltd. (NYSE:TUFN) Will Announce Quarterly Sales of $25.75 Million

Equities research analysts expect Tufin Software Technologies Ltd. (NYSE:TUFN) to report sales of $25.75 million for the current quarter, according to Zacks. Six analysts have provided estimates for Tufin Software Technologies’ earnings, with the highest sales estimate coming in at $26.30 million and the lowest estimate coming in at $25.50 million. Tufin Software Technologies posted sales of $25.61 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The firm is scheduled to report its next earnings report on Thursday, November 11th.

According to Zacks, analysts expect that Tufin Software Technologies will report full year sales of $108.12 million for the current fiscal year, with estimates ranging from $106.90 million to $109.01 million. For the next financial year, analysts forecast that the business will report sales of $121.60 million, with estimates ranging from $120.00 million to $125.68 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Tufin Software Technologies.

Tufin Software Technologies (NYSE:TUFN) last posted its earnings results on Wednesday, August 11th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.08. Tufin Software Technologies had a negative net margin of 31.84% and a negative return on equity of 47.30%.

Several research analysts have recently issued reports on TUFN shares. Colliers Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Tufin Software Technologies in a report on Tuesday, September 7th. Cowen reiterated a “hold” rating and issued a $14.00 price objective on shares of Tufin Software Technologies in a report on Monday, August 16th. Stifel Nicolaus started coverage on shares of Tufin Software Technologies in a report on Monday, May 24th. They issued a “hold” rating and a $10.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Tufin Software Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Tuesday, August 17th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Tufin Software Technologies presently has an average rating of “Hold” and an average price target of $12.33.

NYSE TUFN traded up $0.17 on Thursday, hitting $10.96. The stock had a trading volume of 319,906 shares, compared to its average volume of 338,465. Tufin Software Technologies has a one year low of $6.34 and a one year high of $20.11. The stock has a market cap of $403.00 million, a price-to-earnings ratio of -12.18 and a beta of 1.58. The company’s 50-day moving average is $10.45 and its two-hundred day moving average is $10.11.

A number of large investors have recently modified their holdings of TUFN. Lazard Asset Management LLC purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at approximately $35,000. US Bancorp DE purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at approximately $72,000. ShoreHaven Wealth Partners LLC purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at approximately $83,000. Jane Street Group LLC purchased a new stake in shares of Tufin Software Technologies in the 1st quarter valued at approximately $109,000. Finally, Keebeck Alpha LP purchased a new stake in shares of Tufin Software Technologies in the 2nd quarter valued at approximately $121,000. Hedge funds and other institutional investors own 33.05% of the company’s stock.

Tufin Software Technologies Company Profile

Tufin Software Technologies Ltd. engages in the provision of policy-centric approach to security and IT operations. It transforms enterprise security operations by helping them visualize, define and enforce a security policy across complex, heterogeneous information technology and cloud environments.

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