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Fly News Breaks for April 24, 2018
VRNS
Apr 24, 2018 | 07:55 EDT
Needham analyst Alex Henderson raised his price target on Varonis to $80 and kept his Buy rating after his week at the RSA Security Conference that reinforced the trends of strengthening demand, increased security spending amid digital transformation, and boards becoming more engaged around data breach risks and upcoming GDPR data protection regulations. Henderson believes that Varonis will be the "biggest beneficiary of GDPR legislation" while also trading at an underpriced valuation.
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