Varonis Systems (VRNS) Misses Q1 EPS by 3c

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Needham & Company Downgrades Varonis Systems (VRNS) to Hold

May 7, 2015 7:30 AM EDT

Needham & Company downgraded Varonis Systems (NASDAQ: VRNS) from Buy to Hold.

Analyst Scott Zeller commented, "The Varonis MarQ results were roughly in-line on revenue, yet had a larger than expected loss. The big news, however, was the weak guidance for JuneQ and the... More