Citi lowered the firm’s price target on Varonis (VRNS) to $37 from $40 and keeps a Neutral rating on the shares. Citi also opened a “downside 90-day catalyst watch” on Varonis. The firm believes intensifying competition in data security provides risk to the company’s earnings report.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRNS:
- When Generic Warnings Meet Specific Failures: The Varonis Disclosure Question
- Varonis price target lowered to $50 from $60 at Cantor Fitzgerald
- TD says three software companies could draw interest
- Varonis price target lowered to $45 from $50 at Barclays
- Varonis price target lowered to $41 from $60 at RBC Capital