Tufin Provides Business Update Related to COVID-19
Tufin Software Technologies Ltd. Ordinary Shares (TUFN)
Last tufin software technologies ltd. ordinary shares earnings: 2/13 07:45 am
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Source: Business Wire
Provides Preliminary Select First Quarter 2020 Results; Withdraws Guidance for Full Year 2020First-Quarter 2020 Financial Results to be reported on May 12, 2020 BOSTON & TEL AVIV, Israel--(BUSINESS WIRE)--Tufin (NYSE: TUFN), a company pioneering a policy-centric approach to security and IT operations, today provided a business update related to the impact of COVID-19.Based on preliminary information, Tufin currently expects to report the following first quarter 2020 preliminary unaudited results:Total revenue in the range of $21.0 million to $21.3 million, compared to the company’s previous guidance of total revenue in the range of $23.0 million to $26.0 million.Non-GAAP operating loss in the range of $13.0 million to $13.8 million, compared to the company’s previous guidance of non-GAAP operating loss in the range of $10.5 million to $13.0 million.Tufin had cash, cash equivalents and restricted cash as of March 31, 2020 of approximately $120.5 million and no debt.“Given our perpet
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