Varonis Systems (VRNS) Receives a Buy from JMP Securities

JMP Securities analyst Erik Suppiger maintained a Buy rating on Varonis Systems (VRNSResearch Report) yesterday and set a price target of $73.00. The company’s shares closed last Monday at $43.67.

According to, Suppiger is a 5-star analyst with an average return of 21.3% and a 56.9% success rate. Suppiger covers the Technology sector, focusing on stocks such as CyberArk Software, Cambium Networks, and Arista Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Varonis Systems with a $57.14 average price target, representing a 32.6% upside. In a report issued on April 18, Jefferies also initiated coverage with a Buy rating on the stock with a $65.00 price target.

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Varonis Systems’ market cap is currently $4.78B and has a P/E ratio of -39.15.

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Varonis Systems, Inc. engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.

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