TUFN Q1 Earnings
TUFN is a recent IPO that interest me. Revenues growing 30% Y/Y. Has captured 15% of Global 2000 companies. Retains 70%-75% of its customers and now has $100 million cash from the IPO. Last year 60% of revenue was from existing customers. Thinking they can really increase sales with new cash. Management team consist of a couple of guys from CHKP (17b market cap). I don’t have a position but watching, Q1 earnings are Thursday. 2017-2018 Q/Q revenue growth 45%. As far as product, company has a few things it needs to workout. Cyber Security is a tough and TUFN seems to have internal pressure to perform which is normal for a growing company trying to capture a significant share of the market. May or may not try a small position this week but will be watching.
Side note: kinda has a tiny float so good earnings and fresh breakout over $25 could probably run to low 330S people love buying anything that is going up.
As always do your own research. Not investment advice.
Side note: kinda has a tiny float so good earnings and fresh breakout over $25 could probably run to low 330S people love buying anything that is going up.
As always do your own research. Not investment advice.
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