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Tufin Software Technologies Is Benefiting From Work From Home

September 7th, 2020 · No Comments

  • 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

Tags: TUFN