Analysts Anticipate Tufin Software Technologies Ltd (NYSE:TUFN) to Announce $0.05 EPS

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

On average, analysts expect that Tufin Software Technologies will report full year earnings of ($0.43) per share for the current fiscal 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 calculations are a mean average based on a survey of research analysts that follow Tufin Software Technologies.

Tufin Software Technologies (NYSE:TUFN) last issued its earnings results on Thursday, November 14th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. The company had revenue of $25.60 million for the quarter, compared to analysts’ expectations of $25.16 million. Tufin Software Technologies had a negative net margin of 17.72% and a negative return on equity of 54.40%. The business’s revenue was up 32.6% on a year-over-year basis.

A number of brokerages recently commented on TUFN. DA Davidson began coverage on shares of Tufin Software Technologies in a research report on Wednesday, November 27th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Tufin Software Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $29.57.

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC purchased a new position in shares of Tufin Software Technologies in the third quarter valued at about $25,000. Optimus Prime Fund Management Co. Ltd. purchased a new position in shares of Tufin Software Technologies in the second quarter valued at about $26,000. Tower Research Capital LLC TRC purchased a new position in shares of Tufin Software Technologies in the second quarter valued at about $44,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Tufin Software Technologies in the third quarter valued at about $143,000. Finally, Wells Fargo & Company MN purchased a new position in shares of Tufin Software Technologies in the second quarter valued at about $176,000. Hedge funds and other institutional investors own 27.34% of the company’s stock.

NYSE:TUFN traded up $0.24 during trading hours on Friday, reaching $16.73. The company’s stock had a trading volume of 387,927 shares, compared to its average volume of 465,415. The firm has a 50-day simple moving average of $17.46 and a 200-day simple moving average of $19.76. Tufin Software Technologies has a 1 year low of $14.85 and a 1 year high of $31.04.

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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