Varonis Systems (VRNS) PT Lowered to $29 at RBC Capital
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Go back to Varonis Systems (VRNS) PT Lowered to $29 at RBC Capital
November 1, 2022 7:22 AM EDT
Shares of Varonis Systems (NASDAQ: VRNS) are down more than 30% in pre-open Tuesday after the data security company slashed its full-year guidance.
Varonis reported an in-line EPS of $0.06 for the third quarter while revenue missed the consensus by over $1 million after coming in at $123.3 million. Varonis also announced a $100 million share buyback authorization.
However, shares were hit by the slashed guidance. For this quarter, Varonis... More
November 1, 2022 7:15 AM EDT
Needham & Company analyst Alex Henderson lowered the price target on Varonis Systems (NASDAQ: VRNS) to $26.00 (from $32.00) while maintaining a Buy rating following results.
The analyst commented, "Varonis shares are down 33% pre-market post their CY3Q print and sharply lowered CY4Q and... More
