Varonis announces new $150M buyback

Varonis (VRNS) Systems “announced that its board of directors authorized a share repurchase program allowing repurchases of up to $150.0 million of Varonis’ common stock expected to be completed over the next 12 months. Under the share repurchase program, Varonis is authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act. The number of shares to be purchased and the timing of purchases will be based on Varonis’ trading windows, available liquidity, and general business and market conditions.”