Short Take
Tufin Software (TUFN) went public on April 10, 2019, raising approximately $108 million in gross proceeds from the IPO.
The firm provides network security software to legacy on-premises environments and more recently, cloud integrations.
TUFN experienced disappointing revenue results in 2019 due to sales challenges and guided a lower revenue growth rate in 2020.
My bias on the stock is currently Neutral until the firm proves its sales execution credibility and shows demand for its SecureCloud system.
Company
Ramat-Gan, Israel-based Tufin was founded in 2004 to develop on-premise software that manages