Analysts’ Weekly Ratings Updates for Tufin Software Technologies (TUFN)

Several brokerages have updated their recommendations and price targets on shares of Tufin Software Technologies (NYSE: TUFN) in the last few weeks:

  • 7/27/2019 – Tufin Software Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Tufin Software Technologies Ltd develops security software. It provides a security policy management platform which brings automation and analytics to security and network operations. Tufin Software Technologies Ltd is based in Ramat Gan, Israel. “
  • 7/19/2019 – Tufin Software Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tufin Software Technologies Ltd develops security software. It provides a security policy management platform which brings automation and analytics to security and network operations. Tufin Software Technologies Ltd is based in Ramat Gan, Israel. “
  • 7/18/2019 – Tufin Software Technologies had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $34.00 price target on the stock.
  • 7/13/2019 – Tufin Software Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Tufin Software Technologies Ltd develops security software. It provides a security policy management platform which brings automation and analytics to security and network operations. Tufin Software Technologies Ltd is based in Ramat Gan, Israel. “

Shares of NYSE TUFN traded up $0.02 during trading on Wednesday, hitting $22.03. 112 shares of the company traded hands, compared to its average volume of 339,770. Tufin Software Technologies Ltd has a 1 year low of $18.05 and a 1 year high of $31.04. The stock has a 50-day moving average of $25.49.

Tufin Software Technologies (NYSE:TUFN) last announced its quarterly earnings results on Thursday, June 13th. The company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.07. The business had revenue of $22.50 million for the quarter, compared to analysts’ expectations of $21.04 million. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, sell-side analysts forecast that Tufin Software Technologies Ltd will post -0.71 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Tufin Software Technologies stock. Ion Asset Management Ltd. purchased a new position in shares of Tufin Software Technologies Ltd (NYSE:TUFN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $2,589,000. Tufin Software Technologies accounts for approximately 0.7% of Ion Asset Management Ltd.’s investment portfolio, making the stock its 10th largest position. Ion Asset Management Ltd. owned 0.31% of Tufin Software Technologies as of its most recent filing with the Securities and Exchange Commission. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

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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