CALL 1 800 350 6003
1 800 350 6003

The Newsroom

Investigations  /  02.10.2020

Investigation of Tufin Software Technologies, Ltd.

You Have Legal Options

Tufin Software Technologies Ltd. (TUFN) Slashes its Revenue Guidance

On January 9, 2020, Tufin revealed in its preliminary fourth quarter and fiscal year 2019 results that the Company was slashing its total revenue guidance from a range of $34 million to $38 million to a range of $29.5 million to $30.1 million. Additionally, the Company disclosed in its report that it now expected a non-GAAP operating loss in the range of $1.1 million to $2.6 million, compared to the Company’s previous guidance of non-GAAP operating profit in the range of $0 million to $3 million. Tufin’s CEO stated “the primary reason for [Tufin’s] revenue shortfall was [its] inability to close a number of transactions… that [the Company] anticipated would close.” On this news, Tufin’s stock price fell $4.14, or 24%, to close at $13.08. The stock has yet to recover.

 

  • If you would like more information about your rights and potential remedies please send us a message. 

  • Please Note: Neither the submission to nor the receipt of information by Robbins LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

How can we help you?

CONTACT US TODAY | 1 800 350 6003 or [email protected]

Tell us your concerns