Why Tufin Software Technologies Stock Was Slammed Thursday
Shares of Tufin Software Technologies (NYSE:TUFN) fell sharply on Thursday, declining about 24% as of 11:20 a.m. EST.
The stock's decline follows the network security automation company's preliminary fourth-quarter and 2019 results. Worse-than-expected fourth-quarter revenue and a non-GAAP (adjusted) operating loss (when management was guiding for an adjusted operating profit) are likely the main reasons for the market’s negative response to the update.
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Source Fool.com
