Tufin Software Technologies (NYSE:TUFN) announced its quarterly earnings results on Thursday. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07, Briefing.com reports. The firm had revenue of $22.50 million during the quarter, compared to analyst estimates of $21.04 million. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. Tufin Software Technologies updated its FY 2019 guidance to EPS and its Q2 2019 guidance to EPS.
Shares of TUFN opened at $21.35 on Friday. Tufin Software Technologies has a twelve month low of $18.05 and a twelve month high of $24.89.
Several analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They set an “overweight” rating and a $26.00 target price on the stock. CIBC assumed coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They set an “outperform” rating and a $35.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They set a “buy” rating and a $28.00 target price on the stock. Barclays assumed coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They set an “overweight” rating and a $29.00 target price on the stock. Finally, Piper Jaffray Companies assumed coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They set an “overweight” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Tufin Software Technologies currently has a consensus rating of “Buy” and a consensus target price of $28.86.
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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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