Varonis Systems (VRNS) Business Model Change Overshadows Strong Results, PT To $73 At Jefferies
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Needham & Company Reiterates Buy as Varonis Systems (VRNS) Transitions to SaaS Model
February 12, 2019 7:32 AM ESTNeedham & Company analyst, Alex Henderson, reiterated a Buy rating and $90.00 price target on Varonis Systems (NASDAQ: VRNS). Henderson believes that the value of Varonis just increased substantially with the announced transition to an SaaS model. This was totally unexpected.
The CY19 Revenue guide of... More
Varonis Systems (VRNS) PT Lowered to $65 at RBC Capital; Results Overshadowed by Model Change
February 12, 2019 7:19 AM ESTRBC Capital analyst Matthew Hedberg lowered the price target on Varonis Systems (NASDAQ: VRNS) to $65.00 (from $80.00) while maintaining a Outperform rating.
"Results were overshadowed by the announcement of a subscription transition, which along with conservatism, led to a reduced outlook," Hedberg commented.... More
Varonis Systems (VRNS) PT Lowered to $55 at Wedbush
February 12, 2019 7:17 AM ESTWedbush analyst Daniel Ives lowered the price target on Varonis Systems (NASDAQ: VRNS) to $55.00 (from $68.00) while maintaining a Neutral rating.
Ives said the sudden switch to a subscription model will be a shock to the Street.
... More