VRNS - Varonis: Still Strong Demand Due To Secular Growth Drivers

2024-02-08 06:28:39 ET

Summary

• Varonis provides comprehensive data security platform to secure critical information, addressing unauthorized access, insider threats, and accidental leaks.
• Share performance has been volatile but has trended upward, with a 210% all-time return since going public in 2014 and a 74% increase in the past year alone.
• VRNS appears undervalued at its current price and has potential for further growth due to increase in enterprise AI usage and on-premise and SaaS hybrid deployments.

Varonis ( VRNS ) provides a comprehensive platform that empowers organizations to secure their critical information, addressing various threats through its software suite, including unauthorized access, insider threats, and accidental leaks. Varonis achieves this by classifying data, controlling access, monitoring user activity, detecting threats, and preventing leakage....

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