Tufin Software Technologies (NYSE:TUFN) Releases Earnings Results, Beats Expectations By $0.07 EPS

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.

COPYRIGHT VIOLATION WARNING: “Tufin Software Technologies (NYSE:TUFN) Releases Earnings Results, Beats Expectations By $0.07 EPS” was originally reported by Riverton Roll and is the sole property of of Riverton Roll. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://rivertonroll.com/news/2019/06/14/tufin-software-technologies-nysetufn-releases-earnings-results-beats-expectations-by-0-07-eps.html.

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.

Featured Story: How the Consumer Price Index (CPI) is calculated?

Receive News & Ratings for Tufin Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tufin Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.