Recover Your Losses from Tufin Software Technologies

Tufin Software Technologies, Ltd. is a security policy management company that specializes in the automation of security policy changes across hybrid platforms. Tufin announced its IPO in April 2019 issuing 7.7 million shares at $14.0 per share, valuing the company at $107,800,000.

On January 8th, 2020 Tufin reported their preliminary non-GAAP operating loss estimates and preliminary unaudited revenue for the fourth quarter of 2019 to be well below their previous estimates.

Tufin placed a new value to their total revenue estimates of $29.5 million to $30.1 million, compared to a previous estimation of $34 million to $38 million. In addition, they announced an altered non-GAAP operating loss range of $1.1 million to $2.6 million, compared to a previous estimation of $0 to $3.0 million.

On January 9th, 2020, Tufin Software’s stock value decreased nearly 25%, causing direct harm to investors.

According to Bloomberg[1], firms are investigating Tufin over concerns of potential violations in federal securities laws. Martingale Risk can investigate your loss in securities in advance of the publishing of new information regarding the current legal state of the company. If the irregularities are confirmed, then those who have invested in shares of Tufin Software Technologies, Ltd. prior to January 8th 2020 may have the ability to recover their investment loss.

The incorrect pre-quarterly estimations performed by Tufin have led to speculations surrounding potential violations in federal securities laws and a resulting stock value decrease of 25%. Martingale’s technical and legal professionals will perform a free preliminary quantitative analysis to confirm investment loss.

Our Process

  1. Preliminary Evaluation: we will perform a preliminary free evaluation to establish: (i) if the case is suitable for litigation, and (ii) the probability of recovering the estimated loss.
  2. Mandate: if the case is suitable, we will agree on a mandate for negotiation and litigation where the most of our compensation will be success fee based.
  3. Analysis and Negotiation: we will perform an in-depth technical analysis on the specific documentation and, based on that, we will negotiate with the counterparty for a reimbursement of the losses.
  4. Litigation: if the settlement is not reached, we will file the case in front of the Italian courts through our highly experienced lawyers.

 

To begin a free preliminary evaluation all investors should contact:

Peter Ogden

peter.ogden@martingalerisk.com

+39 0632652828

[1] Link: https://www.bloomberg.com/press-releases/2020-01-10/lost-money-in-tufin-software-technology-ltd