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BOSTON--Tufin (NYSE: TUFN) announced that CEO Ruvi Kitov will present at the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 1:30 PM EST. The presentation will be available via a live webcast. Tufin focuses on simplifying network security management for enterprises with complex networks, enabling them to respond quickly to business needs while enhancing security. With over 2,000 customers, its Orchestration Suite™ improves visibility and reduces the attack surface, allowing for faster changes to network configurations.
Tufin (NYSE: TUFN) announced its integration with AWS Network Firewall, a service that enhances security for Amazon VPCs and other environments. This collaboration allows Tufin to streamline security policy management in the cloud while preserving developer productivity. AWS aims to provide customers with comprehensive visibility and security across cloud and on-premises environments through automated policy guidelines. Tufin's Orchestration Suite enhances business agility and security posture for enterprises by simplifying the management of complex networks.
Tufin (NYSE: TUFN) has announced the release of its IPAM Security Policy App, enhancing network visibility and ensuring that changes made through IPAM align with security policies. This integration helps bridge gaps between network and security teams, improving overall security posture. Additionally, an update to the Vulnerability Mitigation App introduces capabilities for prioritizing mitigation efforts and assessing vulnerabilities in real-time. Both apps will be available on the Tufin Marketplace, with the IPAM Security Policy App accessible to existing customers through an early access program.
Tufin (NYSE: TUFN) reported its Q3 2020 financial results, showing total revenue of $25.6 million, flat compared to Q3 2019. Product revenue declined by 13.1% to $10.0 million, while maintenance and professional services revenue increased by 10.8% to $15.6 million. Gross profit rose slightly to $21.0 million, representing 82% of total revenue. The GAAP net loss narrowed to $5.1 million or $0.14 per share, an improvement from an $8.3 million loss a year prior. Tufin anticipates Q4 revenue between $24 million and $29 million, with potential impacts from ongoing COVID-19 conditions.
Tufin (NYSE: TUFN) has announced its plan to release third-quarter financial results for the period ending September 30, 2020, on November 12, 2020, prior to the market opening. A conference call will be held at 8:30 AM ET on the same day to discuss the financial outcomes and provide insights into the company's business outlook. Investors can join by calling specific numbers or via a live webcast on Tufin’s Investor Relations website. The company reports a robust security solution for complex networks, aiming to enhance business agility and security.