Jefferies Starts Varonis Systems (VRNS) at Buy
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Price: $24.39 +2.35%
Rating Summary:
24 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
24 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies initiates coverage on February IPO Varonis Systems (NASDAQ: VRNS) with a Buy rating and a price target of $45.00.
Analyst Aaron Schwartz comments, "Varonis is in a position to be the standard choice for the management of human-generated unstructured data. The role for this type of technology is commonplace, and is therefore relevant for a broad customer demographic. Yet Varonis lacks true competition, faces secular benefits, and has a considerable $1.4bn installed base opportunity, which combined provide reasons for multi-year sustainable growth."
For an analyst ratings summary and ratings history on Varonis Systems click here. For more ratings news on Varonis Systems click here.
Shares of Varonis Systems closed at $36.51 yesterday.
Analyst Aaron Schwartz comments, "Varonis is in a position to be the standard choice for the management of human-generated unstructured data. The role for this type of technology is commonplace, and is therefore relevant for a broad customer demographic. Yet Varonis lacks true competition, faces secular benefits, and has a considerable $1.4bn installed base opportunity, which combined provide reasons for multi-year sustainable growth."
For an analyst ratings summary and ratings history on Varonis Systems click here. For more ratings news on Varonis Systems click here.
Shares of Varonis Systems closed at $36.51 yesterday.
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