SPY305.93+0.38 0.12%
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IXIC9,500.79-51.26 -0.54%

Recap: Tufin Software Q1 Earnings

Shares of Tufin Software (NYSE:TUFN) were flat in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 9.76% over the past year to ($0.37), which beat the estimate of ($0.40).

Benzinga · 05/12/2020 11:57

Shares of Tufin Software (NYSE:TUFN) were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 9.76% over the past year to ($0.37), which beat the estimate of ($0.40).

Revenue of $21,244,000 lower by 5.39% year over year, which missed the estimate of $21,340,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $31.04

52-week low: $5.79

Price action over last quarter: down 39.48%

Company Overview

Tufin Software Technologies Ltd develops, markets and sells software-based solutions that help organizations visualize, define and enforce a unified security policy across complex, heterogeneous network environments. Its solutions increase business agility, eliminate errors from manual processes and ensure continuous compliance through a single console. The company's sales of products and services worldwide are made through a global network of distributors and resellers, which sell the products and services to their end-user customers. It derives revenues from licensing of software, sales of hardware, providing maintenance and technical support and sales of professional services.