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Varonis - Another Solid Quarter, Buy The Weakness

Aug. 03, 2021 2:21 AM ETVaronis Systems, Inc. (VRNS)20 Comments


  • Following another solid beat and raise quarter, Varonis stock is indicating weakness after market. Management continues to be bullish on Varonis’s growth prospects.
  • Varonis's business is driven by data sprawl within the enterprise, remote office locations, multiple hyperscale public clouds, and cloud-native SaaS applications.
  • Securing data at various locations, modeling user behavior, and identifying rogue behavior is one of the most complex undertakings for an enterprise, and Varonis excels at it.
  • Varonis is targeting a billion-dollar revenue business, and we expect the company to meet its goal due to solid execution on both product and sales sides of its business.
  • Following Varonis's solid results and ensuing weakness in shares after market, we continue to remain bullish on the stock. We urge investors to buy the weakness.
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As expected, Varonis (NASDAQ:VRNS), a datacentric-security software company, delivered yet another strong quarter. The company beat estimates on all the crucial metrics and guided up. Some investors may have viewed the guidance as lackluster. The weakness in shares provides an excellent opportunity to

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of VRNS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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