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Stock Alert: Tufin Software Technologies Jumps 12% On Improved Revenue Guidance

Shares of Tufin Software Technologies Ltd. (TUFN) are rising more than 12% Friday morning on raised fourth quarter revenue outlook.

Thursday, the company announced preliminary fourth quarter revenue to be in the range of $30.5 million to $31.1 million, up from $24.0 million to $29.0 million guided earlier. On average, 9 analysts polled by Thomson Reuters expect the company to report revenue of $27.72 million.

The company plans to report its fourth quarter results prior to the market open on February 12, 2021.

The stock touched a new 52-week high of $18.22 this morning.

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