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Fly News Breaks for May 7, 2015
VRNS
May 7, 2015 | 08:25 EDT
RBC Capital cut its price target on Varonis after the company reported weaker than expected results. However, the firm continues to believe that the company's products are strategic and it thinks that downside in the stock is limited following the shares' steep decline. RBC keeps an Outperform rating on the shares.
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