Brokerages Anticipate Tufin Software Technologies Ltd (NYSE:TUFN) Will Post Quarterly Sales of $23.97 Million
Analysts expect Tufin Software Technologies Ltd (NYSE:TUFN) to announce sales of $23.97 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Tufin Software Technologies’ earnings. The highest sales estimate is $24.00 million and the lowest is $23.87 million. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, September 3rd.
On average, analysts expect that Tufin Software Technologies will report full year sales of $107.25 million for the current financial year, with estimates ranging from $106.40 million to $107.60 million. For the next year, analysts expect that the company will report sales of $132.95 million, with estimates ranging from $132.00 million to $134.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Tufin Software Technologies.
Tufin Software Technologies (NYSE:TUFN) last posted its quarterly earnings results on Thursday, June 13th. The company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The company had revenue of $22.50 million for the quarter, compared to the consensus estimate of $21.04 million. The firm’s revenue was up 25.7% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of the stock. Optimus Prime Fund Management Co. Ltd. purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $26,000. Tower Research Capital LLC TRC purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $44,000. Wells Fargo & Company MN purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $176,000. BlackRock Inc. purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $180,000. Finally, Morgan Stanley purchased a new position in Tufin Software Technologies during the second quarter valued at approximately $213,000. 7.31% of the stock is currently owned by institutional investors.
Shares of Tufin Software Technologies stock traded down $0.67 on Friday, hitting $17.30. 29,254 shares of the company traded hands, compared to its average volume of 290,656. The company has a 50 day moving average of $22.59. Tufin Software Technologies has a 52 week low of $15.15 and a 52 week high of $31.04.
About Tufin Software Technologies
Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.
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