Brokerages Anticipate Tufin Software Technologies Ltd (TUFN) Will Post Quarterly Sales of $21.04 Million

Analysts forecast that Tufin Software Technologies Ltd (NYSE:TUFN) will post sales of $21.04 million for the current quarter, according to Zacks. Six analysts have made estimates for Tufin Software Technologies’ earnings, with the highest sales estimate coming in at $21.10 million and the lowest estimate coming in at $21.00 million. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Tufin Software Technologies will report full-year sales of $105.50 million for the current financial year, with estimates ranging from $103.30 million to $107.28 million. For the next financial year, analysts expect that the business will report sales of $131.94 million, with estimates ranging from $128.60 million to $134.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Tufin Software Technologies.

A number of equities research analysts have recently weighed in on the stock. CIBC assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued an “outperform” rating and a $35.00 price target on the stock. William Blair assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued a “market perform” rating on the stock. Stifel Nicolaus assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued a “hold” rating and a $24.00 price target on the stock. Barclays assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued an “overweight” rating and a $29.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued an “overweight” rating and a $26.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Tufin Software Technologies presently has a consensus rating of “Buy” and an average price target of $28.86.

Shares of TUFN traded up $0.30 during mid-day trading on Friday, reaching $22.54. The company had a trading volume of 44,610 shares, compared to its average volume of 374,156. Tufin Software Technologies has a 1-year low of $18.05 and a 1-year high of $24.89.

About Tufin Software Technologies

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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