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Fly News Breaks for February 11, 2020
Feb 11, 2020 | 05:07 EDT
Jefferies analyst Brent Thill raised his price target for Varonis Systems to $105 from $95 and keeps a Buy rating on the shares. The company's Q4 sales line modestly topped expectations despite another another of much faster transition to subscription relative to guidance, Thill tells investors in a research note. . History says to own Varonis shares now, especially on any weakness due to "transition-related short-term optical blips" such as suppressed total revenue growth or lower margins, adds the analyst. He believes the company is poised for revenue acceleration post-transition and eventual high profits.
News For VRNS From the Last 2 Days
Jul 1, 2020 | 09:00 EDT
JPMorgan analyst Sterling Auty initiated coverage of Varonis Systems with an Overweight rating and $130 price target. The analyst also added the shares to the firm's U.S. Analyst Focus List as a growth pick. Varonis represents one of the "attractive situations" in software as its subscription transition offers the opportunity for "significant outperformance" relative to revenue and margin estimates that can deliver stock outperformance, Auty tells investors in a research note. This is helped by the growing need for data security solutions as cloud adoption increases and work from home setups drive usage of tools that create security challenges, adds the analyst.