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Fly News Breaks for May 1, 2018
VRNS
May 1, 2018 | 07:37 EDT
JMP Securities analyst Greg McDowell noted that Varonis posted its fifth consecutive quarter of license growth over 30% and he thinks the company guided well on revenue for Q2 while raising its FY18 guidance. The analyst, who believes Varonis deserves a higher multiple than its peer group, raised his price target on the shares to $71 and keeps an Outperform rating on the stock.
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