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. “
TUFN has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of Tufin Software Technologies from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, December 14th. Colliers Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Tufin Software Technologies in a report on Monday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.00.
Tufin Software Technologies stock opened at $8.74 on Wednesday. Tufin Software Technologies has a 52-week low of $7.50 and a 52-week high of $15.65. The stock’s 50 day moving average price is $9.22. The company has a market cap of $321.37 million, a price-to-earnings ratio of -8.65 and a beta of 1.65.
Tufin Software Technologies (NYSE:TUFN) last announced its quarterly earnings data on Thursday, February 10th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $35.84 million during the quarter, compared to the consensus estimate of $34.38 million. Tufin Software Technologies had a negative net margin of 35.16% and a negative return on equity of 58.19%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS. Analysts predict that Tufin Software Technologies will post -1.09 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in Tufin Software Technologies by 37.1% during the second quarter. Bank of New York Mellon Corp now owns 38,356 shares of the company’s stock worth $350,000 after buying an additional 10,376 shares in the last quarter. JPMorgan Chase & Co. grew its position in Tufin Software Technologies by 79.7% during the second quarter. JPMorgan Chase & Co. now owns 437,194 shares of the company’s stock worth $3,987,000 after buying an additional 193,859 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Tufin Software Technologies during the second quarter worth about $130,000. OLD Mission Capital LLC purchased a new position in Tufin Software Technologies during the second quarter worth about $181,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Tufin Software Technologies in the 2nd quarter worth about $1,321,000. Institutional investors own 41.04% of the company’s stock.
About Tufin Software Technologies
Tufin Software Technologies Ltd. engages in the provision of policy-centric approach to security and IT operations. It transforms enterprise security operations by helping them visualize, define and enforce a security policy across complex, heterogeneous information technology and cloud environments.
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