Wall Street analysts forecast that Tufin Software Technologies Ltd (NYSE:TUFN) will report earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Tufin Software Technologies’ earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.02. The business is expected to issue its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Tufin Software Technologies will report full year earnings of ($0.43) per share for the current year, with EPS estimates ranging from ($0.49) to ($0.37). For the next financial year, analysts anticipate that the business will post earnings of ($0.39) per share, with EPS estimates ranging from ($0.45) to ($0.27). Zacks’ earnings per share averages are an average based on a survey of research firms that follow Tufin Software Technologies.

Tufin Software Technologies (NYSE:TUFN) last released its quarterly earnings data on Thursday, November 14th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.07. The business had revenue of $25.60 million for the quarter, compared to analyst estimates of $25.16 million. Tufin Software Technologies had a negative return on equity of 54.40% and a negative net margin of 17.72%. Tufin Software Technologies’s quarterly revenue was up 32.6% compared to the same quarter last year.

Several equities analysts have recently weighed in on TUFN shares. Zacks Investment Research raised Tufin Software Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 3rd. DA Davidson started coverage on Tufin Software Technologies in a research note on Wednesday, November 27th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $29.57.

Shares of NYSE TUFN traded up $0.24 during midday trading on Friday, hitting $16.73. The stock had a trading volume of 387,927 shares, compared to its average volume of 465,415. Tufin Software Technologies has a 1-year low of $14.85 and a 1-year high of $31.04. The company has a fifty day moving average price of $17.46 and a 200 day moving average price of $19.76.

A number of institutional investors have recently added to or reduced their stakes in the stock. ETF Managers Group LLC acquired a new position in Tufin Software Technologies during the 2nd quarter worth approximately $39,079,000. TimesSquare Capital Management LLC acquired a new position in Tufin Software Technologies during the 2nd quarter worth approximately $27,764,000. Steadfast Capital Management LP acquired a new position in Tufin Software Technologies during the 2nd quarter worth approximately $20,773,000. Cramer Rosenthal Mcglynn LLC acquired a new position in Tufin Software Technologies during the 2nd quarter worth approximately $12,711,000. Finally, Waddell & Reed Financial Inc. acquired a new position in Tufin Software Technologies during the 2nd quarter worth approximately $9,708,000. 27.34% of the stock is currently owned by hedge funds and other institutional investors.

Tufin Software Technologies Company Profile

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.

See Also: Buy-Side Analysts

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Earnings History and Estimates for Tufin Software Technologies (NYSE:TUFN)

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