Varonis Systems Given New $34.00 Price Target at Barclays (VRNS)
Analysts at Barclays hoisted their price objective on shares of Varonis Systems (NASDAQ:VRNS) from $32.00 to $34.00 in a research report issued to clients and investors on Thursday. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 42.56% from the company’s current price.
Shares of Varonis Systems (NASDAQ:VRNS) traded down 1.17% during mid-day trading on Thursday, hitting $23.57. The stock had a trading volume of 75,395 shares. Varonis Systems has a 52 week low of $19.21 and a 52 week high of $56.80. The stock’s 50-day moving average is $21.44 and its 200-day moving average is $27.56. The company’s market cap is $577.4 million.
Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 38.2% on a year-over-year basis. Analysts expect that Varonis Systems will post $-0.59 EPS 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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