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Fly News Breaks for February 13, 2018
VRNS
Feb 13, 2018 | 08:05 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Varonis to $63, saying the company's Q4 earnings were highlighted by sizable upside to revenue and profitability thanks to the "large deal success as well as +50% growth from EMEA". Hedberg believes that FY18 outlook was likely conservative and will be revised higher as the year progresses, keeping his Outperform rating on Varonis.
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