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Investing.com - Cantor Fitzgerald has reiterated an Overweight rating on Varonis Systems (NASDAQ:VRNS), which is trading near its 52-week high of $63.90 and has surged nearly 50% over the past six months, as the cybersecurity firm expands its AI protection capabilities. According to InvestingPro data, the company maintains impressive gross profit margins of 81.46%.
The rating comes as Varonis introduced a new AI identity protection feature specifically designed for Salesforce (NYSE:CRM) Agentforce. This new tool provides customers with enhanced visibility and control over data that AI agents can access within Salesforce environments.
The feature allows organizations to inventory their AI agents, assess what data these agents can access, and enforce least privilege policies across their Salesforce implementations. These capabilities help organizations reduce potential data exposure risks.
Varonis’ new tool specifically addresses growing concerns around AI-related risks in cloud environments by helping customers manage what actions AI agents can perform within their Salesforce deployments.
Cantor Fitzgerald analyst Jonathan Ruykhaver maintained his Overweight position on Varonis while highlighting the company’s continued innovation in the AI security space. While currently not profitable, analysts tracked by InvestingPro expect the company to turn profitable this year. Get access to 10+ additional ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Varonis Systems reported a strong performance for the second quarter of 2025, showcasing an increase in both revenue and annual recurring revenue. Despite these gains, the company’s stock experienced a slight decline in aftermarket trading. Additionally, TD Cowen raised its price target for Varonis Systems from $62 to $68, maintaining a Buy rating on the stock. The firm expressed confidence in the company’s demand trends, particularly highlighting positive third-quarter trends for the data security software provider. These developments reflect the ongoing interest and positive outlook from analysts regarding Varonis Systems’ market position and future performance.
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