Brokerages Expect Tufin Software Technologies Ltd (NYSE:TUFN) Will Announce Earnings of $0.04 Per Share

Equities analysts expect that Tufin Software Technologies Ltd (NYSE:TUFN) will post earnings per share of $0.04 for the current quarter, according to Zacks. Five analysts have made estimates for Tufin Software Technologies’ earnings. The highest EPS estimate is $0.08 and the lowest is $0.02. The business is expected to announce its next quarterly earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Tufin Software Technologies will report full year earnings of ($0.44) per share for the current financial year, with EPS estimates ranging from ($0.49) to ($0.38). For the next financial year, analysts expect that the firm will post earnings of ($0.38) per share, with EPS estimates ranging from ($0.45) to ($0.27). Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Tufin Software Technologies.

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

TUFN has been the subject of a number of analyst reports. DA Davidson initiated coverage on shares of Tufin Software Technologies in a research note on Monday. They set a “buy” rating for the company. Zacks Investment Research raised shares of Tufin Software Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 3rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.57.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC bought a new stake in shares of Tufin Software Technologies during the second quarter valued at approximately $39,079,000. TimesSquare Capital Management LLC bought a new stake in shares of Tufin Software Technologies during the second quarter valued at approximately $27,764,000. Steadfast Capital Management LP bought a new stake in shares of Tufin Software Technologies during the second quarter valued at approximately $20,773,000. Cramer Rosenthal Mcglynn LLC purchased a new stake in Tufin Software Technologies in the second quarter worth approximately $12,711,000. Finally, Waddell & Reed Financial Inc. purchased a new stake in Tufin Software Technologies in the second quarter worth approximately $9,708,000. 29.21% of the stock is owned by institutional investors.

Shares of NYSE TUFN traded down $0.51 on Thursday, reaching $16.82. 798,592 shares of the company’s stock traded hands, compared to its average volume of 309,134. Tufin Software Technologies has a 12 month low of $14.85 and a 12 month high of $31.04. The business’s 50 day simple moving average is $16.80 and its two-hundred day simple moving average is $20.36.

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.

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

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