|Over a week ago|
Tufin initiated with a Market Perform at Cowen » 16:3605/2605/26/21
Cowen analyst Shaul Eyal…
Cowen analyst Shaul Eyal initiated coverage of Tufin with a Market Perform rating and $10 price target. The analyst adopts a conservative stance on the stock while he monitors the progress of Tufin's efforts to re-accelerate revenue growth and to transition to a subscription model.
Tufin resumed with a Hold at Stifel » 16:1505/2405/24/21
Stifel analyst Adam Borg…
Stifel analyst Adam Borg resumed coverage of Tufin with a Hold rating and $10 price target. The company's ability to automate changes across multi-vendor and hybrid environments is becoming "increasingly important", particularly as growing network complexity increases the risk of misconfigurations and cybersecurity attacks, the analyst tells investors in a research note. Tufin has a number of drivers to sustain at-least high single-digit annual recurring revenue growth, but the valuation on the stock looks balanced, Borg adds.
|Over a month ago|
Tufin price target lowered to $9 from $15 at DA Davidson » 08:5405/1405/14/21
DA Davidson analyst…
DA Davidson analyst Andrew Nowinski lowered the firm's price target on Tufin to $9 from $15 and keeps a Neutral rating on the shares. The company's Q1 results came in at low end of guidance and its Q2 forecast was below consensus due to a higher mix of subscriptions, the analyst tells investors in a research note. The market for network policy automation is improving and the mix shift toward subscriptions is progressing, but Tufin is still struggling to generate revenue growth and operating leverage, Nowinski adds.
Tufin price target lowered to $13 from $15 at Barclays » 06:3805/1405/14/21
Barclays analyst Saket…
Barclays analyst Saket Kalia lowered the firm's price target on Tufin to $13 from $15 and keeps an Equal Weight rating on the shares post the Q1 results.
Tufin backs FY21 revenue view $105M-$113M, consensus $109.73M » 07:0605/1305/13/21
Sees FY21 non-GAAP…
Sees FY21 non-GAAP operating loss $33.8M-$27M.
Tufin sees Q2 revenue $21M-$25M, consensus $25.5M » 07:0405/1305/13/21
Sees Q2 non-GAAP…
Sees Q2 non-GAAP operating loss $12.7M-$9.3M.
Tufin reports Q1 EPS (27c), consensus (27c) » 07:0305/1305/13/21
Reports Q1 revenue…
Reports Q1 revenue $21.36M, consensus $22.82M. Product revenue was $6M, up 4% compared with the first quarter of 2020. "We are pleased to deliver another quarter of year-over-year product revenue growth, with the subscription transition in the first quarter exceeding our expectations," said Ruvi Kitov, Tufin's CEO and co-Founder. "We expanded our security policy management capabilities, with the announcement of the Tufin Orchestration Suite version R 21-1, and the new additions to the marketplace for vulnerability management and Cisco ACI automation."
Tufin falls -6.9% » 10:0004/0904/09/21
Tufin is down -6.9%, or…
Tufin is down -6.9%, or -75c to $10.10.
Tufin downgraded to Perform from Outperform at Oppenheimer » 08:0904/0904/09/21
Oppenheimer analyst Ittai…
Oppenheimer analyst Ittai Kidron downgraded Tufin to Perform from Outperform. Kidron believes the underlying demand drivers in security software are largely unchanged and the overall security opportunity remains large and growing, the analyst tells investors in a research note. While Kidron expects the company to meet near-term expectations, he sees execution uncertainty coupled with an early transition to subscription and SaaS for Tufin.
Tufin downgraded to Perform from Outperform at Oppenheimer » 07:1604/0904/09/21
Oppenheimer analyst Ittai…
Oppenheimer analyst Ittai Kidron downgraded Tufin to Perform from Outperform.