Varonis Systems Inc (VRNS) is Reiterated by Imperial Capital to Outperform, Raises Price Target to $ 35

Varonis Systems Inc (VRNS) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $27 . Imperial Capital advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on Varonis Systems Inc. Needham Upgraded Varonis Systems Inc on Aug 10, 2016 to ” Buy”, Price Target of the shares are set at $34.Company shares were Reiterated by RBC Capital Mkts on Aug 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $27 .Company shares were Reiterated by Barclays on Jul 15, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 27 from a previous price target of $20 .

On the company’s financial health, Varonis Systems Inc reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.17. The company had revenue of $38.60 million for the quarter, compared to analysts expectations of $36.59 million. The company’s revenue was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.18 EPS.

Varonis Systems Inc opened for trading at $25.8 and hit $25.99 on the upside on Monday, eventually ending the session at $25.72, with a gain of 0.35% or 0.09 points. The heightened volatility saw the trading volume jump to 1,19,451 shares. Company has a market cap of $674 M.

In a different news, on Aug 11, 2016, Yakov Faitelson (CEO, President, Chairman) sold 171,448 shares at $26.74 per share price. According to the SEC, on Aug 11, 2016, Ohad Korkus (Chief Technology Officer) sold 175,631 shares at $26.74 per share price. On Aug 1, 2016, Gili Iohan (Chief Financial Officer) sold 5,000 shares at $26.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Varonis Systems Inc. provides a software platform that allows enterprises to map analyze manage and their unstructured data. The Company specializes in human-generated data a type of unstructured data that includes an enterprise’s spreadsheets word processing documents presentations audio files video files e-mails text messages and any other data created by employees. Its product portfolio includes DatAdvantage DataPrivilege IDU Classification Framework Data Transport Engine DatAnywhere and DatAnswers. Its Metadata Framework is a technology platform that extracts metadata from an enterprise’s information technology (IT) infrastructure and uses this information to map functional relationships among employees data objects content and usage. IT and business personnel deploy its software for a variety of use cases including data governance data security archiving file synchronization mobile data accessibility and information collaboration.

Varonis Systems Inc

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