Tufin Software: Q2 Earnings Insights

Shares of Tufin Software TUFN moved higher by 3.4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 16.67% over the past year to ($0.15), which beat the estimate of ($0.29).

Revenue of $23,032,000 declined by 8.24% year over year, which beat the estimate of $21,940,000.

Outlook

Tufin Software hasn't issued any earnings guidance for the time being.

Tufin Software hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Aug 12, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.tufin.com%2Fhome%2Fdefault.aspx&eventid=2159411&sessionid=1&key=5F4DBFB69F45E1CA04D82253892B5E2C&regTag=&sourcepage=register

Price Action

52-week high: $20.13

Company's 52-week low was at $5.79

Price action over last quarter: down 28.74%

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.