- The company had a rough Q1 as its peak weeks for closing deals coincided with the start of the lockdowns.
- Figures were particularly bad as the company considers 2019 and 2020 as investment years.
- Improvement is already setting in, but investors should consider that the seismic shift in the work environment should benefit demand for the solutions Tufin offers.
- The company is also reducing operating expenses by 20% and has plenty of cash going forward.
Source: Tufin Software Technologies Is Benefiting From Work From Home (NYSE:TUFN) | Seeking Alpha