Jefferies analyst Brent Thill lowered his price target for Tufin to $22 from $28 saying the company last night preannounced negative preliminary Q4 results with new guidance significantly below prior guidance due to the inability to close a number of deals in North America. However, Tufin does not believe the deals are lost and still believes that its pipeline remains healthy, Thill tells investors in a research note. Thill admits though that this is "one of the larger misses we have witnessed in quite some time, particularly in the crucial 4Q." The analyst keeps a Buy rating on Tufin.