TD says three software companies could draw interest

TD Cowen analyst Shaul Eyal says the firm’s channel checks and industry conversations suggest Cisco (CSCO) acquiring Axonius “is not imminent and is currently not in our cards.” Meanwhile, TD believes SentinelOne (S), Varonis (VRNS) and Tenable (TENB), among others, could draw strategic or financial sponsors interest in a period of lower interest rates given the strategic need to broaden security capabilities, the analyst tells investors in a research note.