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Fly News Breaks for May 1, 2018
VRNS
May 1, 2018 | 07:42 EDT
After Varonis reported Q1 results that came in ahead of expectations, Stifel analyst Gur Talpaz increased his price target on the stock to $75 and keeps a Buy rating on the name. Talpaz said Varonis' metrics suggest the rate at which the company is capturing walletshare in its installed base is accelerating, which he reads as a sign that customers are not only increasingly satisfied with the company's technologies but also incrementally aware of both the relevancy of the company's solutions and the degree to which they are differentiated.
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