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Fly News Breaks for March 14, 2018
VRNS
Mar 14, 2018 | 05:13 EDT
Imperial Capital analyst Michael Kim raised his price target for Varonis Systems to $68 citing positive growth momentum. After meeting with management, the analyst increased his estimates to reflect the company's geographic expansion and penetration into larger customers. He thinks Varonis shares could trade at a premium to the peer group because of the company's higher growth rate, increasing scale, and progress toward sustained profitability. Kim maintains an Outperform rating on the name.
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