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Tufin Software: Q3 Earnings Insights

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Shares of Tufin Software (NYSE:TUFN) decreased 2.3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 82.35% year over year to ($0.03), which beat the estimate of ($0.16).

Revenue of $25,600,000 unchanged by 0.00% from the same period last year, which beat the estimate of $23,620,000.

Outlook

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

The upcoming fiscal year's revenue expected to be between $93,900,000 and $98,900,000.

How To Listen To The Conference Call

Date: Nov 12, 2020

View more earnings on TUFN

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.tufin.com%2F&eventid=2625535&sessionid=1&key=F06C8E69120C3660473A86F93C175135&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $20.13

Company's 52-week low was at $5.79

Price action over last quarter: down 35.12%

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.

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