Tufin Software Technologies (NYSE:TUFN) Stock Price Down 11.7%

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Tufin Software Technologies Ltd (NYSE:TUFN) fell 11.7% during trading on Friday . The company traded as low as $26.08 and last traded at $26.17, 684,790 shares changed hands during mid-day trading. An increase of 105% from the average session volume of 333,542 shares. The stock had previously closed at $29.65.

A number of research firms recently commented on TUFN. William Blair reissued an “outperform” rating on shares of Aileron Therapeutics in a report on Monday, May 6th. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 price target on shares of SEA in a report on Monday, May 6th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $72.00 price target (up from $70.00) on shares of First Solar in a report on Monday, May 6th. Barclays set a €81.00 ($94.19) price target on Fresenius Medical Care AG & Co. KGaA and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Investment Research raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $29.57.

The firm has a fifty day moving average of $25.23.

Tufin Software Technologies (NYSE:TUFN) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $22.50 million for the quarter, compared to analysts’ expectations of $21.04 million. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. As a group, equities analysts forecast that Tufin Software Technologies Ltd will post -0.71 EPS for the current fiscal year.

About Tufin Software Technologies (NYSE:TUFN)

Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.

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