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July 8, 2020, 10:23 a.m. EDT

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Tufin Software Technologies Ltd. of a Class Action Lawsuit

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New York, New York, Jul 08, 2020 (Newsfile Corp via COMTEX) -- New York, New York--(Newsfile Corp. - July 8, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Tufin Software Technologies Ltd. ("Tufin") /zigman2/quotes/210570935/composite TUFN +17.18% pursuant and/or traceable to the Company's initial public offering conducted on or about April 11, 2019. You are hereby notified that a securities class action lawsuit has been commenced. To get more information go to:

https://www.zlk.com/pslra-1/tufin-software-technologies-ltd-loss-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that the Registration Statement omitted material information regarding the Company's business prospects and financial health. Specifically, Tufin failed to disclose that: (i) Tufin's customer relationships and growth metrics were overstated, particularly with respect to North America; (ii) Tufin's business was deteriorating, primarily in North America; (iii) as a result, Tufin's representations regarding its sustainable financial prospects were overly optimistic; and (iv) as a result, the documents issued in connection with the Company's initial public offering were materially false and/or misleading and failed to state information required to be stated therein.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59357

COMTEX_367842973/2523/2020-07-08T10:23:24

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/zigman2/quotes/210570935/composite
US : U.S.: NYSE
$ 12.18
+1.79 +17.18%
Volume: 344,706
Aug. 12, 2020 11:49a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$371.07 million
Rev. per Employee
N/A
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