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June 12, 2020, 11:32 a.m. EDT

Scott+Scott Attorneys at Law LLP Announces Investigation into Tufin Software Technologies, Ltd. (TUFN)

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NEW YORK, June 12, Jun 12, 2020 (GLOBE NEWSWIRE via COMTEX) -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international shareholder and consumer rights litigation firm, is investigating whether Tufin Software Technologies, Ltd. ("Tufin" or the "Company") /zigman2/quotes/210570935/composite TUFN -5.00% , or certain of its officers and directors violated federal securities laws. If you purchased Tufin stock in or after the Company's April 2019 initial public offering ("IPO"), you are encouraged to contact Scott+Scott attorney Rhiana Swartz for additional information at (844) 818-6980 or rswartz@scott-scott.com.

Tufin is incorporated in Israel, and develops, markets, and sells software-based solutions that enable enterprises to visualize, define, and enforce their security.

Scott+Scott is investigation whether the offering documents issued in connection with Tufin's IPO contained false and/or misleading statements.

On January 9, 2020, Tufin announced its true customer relationships with respect to North America and that it expected to report total revenue of $29.5 million to $30.1 million, down from the Company's previous guidance of total revenue in the range of $34.0 million to $38.0 million.

Following this news, Tufin's share price fell $4.14 per share, or over 24%, to close at $13.08 per share on January 9, 2020.

As of market close on June 11, 2020, Tufin's shares closed at $10.55 per share, down nearly 25% from the IPO price of $14.00 per share.

What You Can Do

If you purchased Tufin securities, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Rhiana Swartz at (844) 818-6980 or rswartz@scott-scott.com.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.

Attorney Advertising

CONTACT:

Rhiana Swartz

Scott+Scott Attorneys at Law LLP

230 Park Avenue, 17th Floor, New York, NY 10169-1820

(844) 818-6980

rswartz@scott-scott.com

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/zigman2/quotes/210570935/composite
US : U.S.: NYSE
$ 11.02
-0.58 -5.00%
Volume: 255,264
Aug. 13, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$414.28 million
Rev. per Employee
N/A
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