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Varonis Systems (NASDAQ:VRNS) reached a new 52-week low on Thursday , StockRatingsNetwork reports. The company traded as low as $19.30 and last traded at $19.78, with a volume of 272,557 shares trading hands. The stock had previously closed at $20.44.

Separately, analysts at Barclays cut their price target on shares of Varonis Systems from $42.00 to $32.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.60.

The stock’s 50-day moving average is $23.83 and its 200-day moving average is $28.33. The company’s market cap is $477.2 million.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, August 4th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.02. The company had revenue of $24.60 million for the quarter, compared to the consensus estimate of $23.30 million. The company’s quarterly revenue was up 38.2% on a year-over-year basis. On average, analysts predict that Varonis Systems will post $-0.59 earnings per share for the current fiscal year.

Varonis Systems, Inc (NASDAQ:VRNS) provides software platform that allows enterprises to map, analyze, manage and migrate their unstructured data.

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