Tufin rises 17.2% » 12:0008/1208/12/20
Tufin is up 17.2%, or…
Tufin is up 17.2%, or $1.79 to $12.18.
Tufin rises 15.6% » 10:0008/1208/12/20
Tufin is up 15.6%, or…
Tufin is up 15.6%, or $1.62 to $12.02.
Tufin rises 16.1% » 09:4708/1208/12/20
Tufin is up 16.1%, or…
Tufin is up 16.1%, or $1.67 to $12.06.
Tufin not providing Q3, FY20 guidance at this time due to COVID-19 » 07:5108/1208/12/20
"I'm encouraged by the overall sequential business improvement we saw in the second quarter," said Jack Wakileh, CFO. "Our pipeline remains healthy and is higher year over year. However, due to continued uncertainty associated with COVID-19 we will not be providing specific financial guidance for Q3 or the full year at this time. We intend to resume providing guidance as soon as we have enough visibility to do so and we will evaluate this on a quarter to quarter basis."
Tufin reports Q2 EPS (15c), consensus (29c) » 07:5008/1208/12/20
Reports Q2 revenue $23M,…
Reports Q2 revenue $23M, consensus $21.94M. "I am pleased with the progress we made in the second quarter, despite the challenging environment," said Ruvi Kitov, CEO and co-founder of Tufin. "Our business improved compared to the acute disruptions due to COVID-19 that we experienced at the end of the first quarter and we are confident that our company is on the path to recovery. Customers are recognizing the critical value of increased security and efficiency that Tufin delivers in an environment where security professionals must do more with less. However, general business conditions remain challenging and uncertainty high. Our leadership position in the market, competitive advantages, strong cash position and experienced management team, positions us well to return to growth as the environment improves."
|Over a month ago|
Tufin files $100M mixed securities shelf 17:3307/0607/06/20
Barclays downgrades 'show-me' story Tufin to Equal Weight » 06:0106/2306/23/20
Barclays analyst Saket…
Barclays analyst Saket Kalia downgraded Tufin Software Technologies to Equal Weight from Overweight with an unchanged price target of $11. The analyst continues to believe Tufin is the best positioned name in this space, but he thinks its "mixed" performance since the initial public offering and "big deal-driven" perpetual license model will make this a "show-me" story in the near to medium term.
Tufin downgraded to Equal Weight from Overweight at Barclays » 05:3706/2306/23/20
Barclays analyst Saket…
Barclays analyst Saket Kalia downgraded Tufin Software to Equal Weight from Overweight with an $11 price target.
|Over a quarter ago|
Tufin downgraded to Hold from Buy at Jefferies » 04:5805/1305/13/20
Jefferies analyst Brent…
Jefferies analyst Brent Thill downgraded Tufin to Hold from Buy with an unchanged price target of $11. Management provided no guidance for Q2 and 2020 due to low levels of visibility while implementing cost-cutting procedures in the second half of 2020 to mitigate losses, Thill tells investors in a research note. While Tufin "is a great product," the uncertainty and execution risk associated with a perpetual license model in this environment warrants a Hold rating, says the analyst.
Tufin not providing Q2, FY20 guidance at this time due to COVID-19 » 07:5005/1205/12/20
"As previously announced, we have withdrawn our prior financial guidance for the full year 2020 due to the uncertainty and reduced visibility around timing of closing transactions associated with the COVID-19 pandemic," said CEO Ruvi Kitov. "For that reason, we will not be providing second quarter or full year 2020 guidance at this time."