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Varonis Continues To Suffer From Investor Neglect Despite Solid Quarters

Nov. 02, 2021 12:00 AM ETVaronis Systems, Inc. (VRNS)29 Comments


  • Varonis reported a solid beat and raise quarter. Management continues to exude confidence in its growth prospects and its desire to reach a $1 billion revenue goal.
  • On a conservative basis, we expect the company to reach $1 billion in revenue by 2026. We expect VRNS to grow north of 20% until then.
  • Digitization, remote work, the growth of SaaS applications, and hybrid multi-cloud environments are driving attack surface growth and data sprawl, making it hard to secure data.
  • Varonis has the best solutions in the market to address data security from malicious insiders and hackers. Hence, we expect it to grow north of 20% for several years.
  • Varonis continues to trade at a discount to its security peer group average. We believe the risk/reward is favorable for patient investors; hence we would remain invested in the shares.
data protection concept, cyber security, secured access with password

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Following Varonis' (NASDAQ:VRNS) solid quarter, we recommend investors to stay invested and use the weakness to acquire more shares. We also recommend new investors take a position. For new investors who want to understand what Varonis does, please refer 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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