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Fly News Breaks for October 29, 2019
VRNS
Oct 29, 2019 | 08:26 EDT
Craig-Hallum analyst Chad Bennett raised his price target for Varonis to $82 from $75 and reiterated a Buy rating following "break-out" quarterly results, saying he was most surprised by subscription revenue of $23.3M vs. the expected $16.1M. After a decline in FY19, Bennett tells investors that he expects Varonis to grow revenue 9.6% in FY20 and 14.2% in FY21.
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