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Fly News Breaks for February 11, 2020
VRNS
Feb 11, 2020 | 09:13 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Varonis to $105 and kept his Buy rating after its "solid" Q4 results, with subscription revenue rising to 82% of product revenue from 74% in Q3. The analyst notes that the below-consensus FY20 guidance is due to the subscription mix and the company's continued investments, with plans to continue hiring in sales, R&D, and customer success teams as well as with EMEA showing strong Q4 performance.
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