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MIAMI - Varonis Systems, Inc. (NASDAQ:VRNS), a $5.6 billion market cap cybersecurity company with impressive gross profit margins of 82%, announced Wednesday that its AWS data security solution is now available in the new AI Agents and Tools category of AWS Marketplace, allowing customers to discover, purchase and deploy the platform using their AWS accounts. InvestingPro analysis indicates the stock is trading above its Fair Value.
The Varonis platform helps organizations protect data by discovering and classifying sensitive information across AWS resources, automatically fixing misconfigurations, optimizing data access, and detecting suspicious activity. The company has demonstrated solid revenue growth of 13.3% over the last twelve months.
"By offering Varonis in AWS Marketplace, we’re providing customers with a streamlined way to access Varonis for AWS and help them buy and deploy agent solutions faster and more efficiently," said David Bass, Varonis EVP of Engineering and Chief Technology Officer.
The inclusion in AWS Marketplace’s AI Agents and Tools category aims to accelerate procurement processes for customers seeking AI solutions, reducing time spent on vendor evaluations and negotiations. Customers can maintain visibility and control over licensing, payments, and access through their existing AWS accounts.
Varonis Systems describes itself as taking a different approach to cybersecurity by focusing first on data protection. The company’s cloud-native Data Security Platform provides various security capabilities including data security posture management, data classification, data access governance, and insider risk management.
The announcement was made in a company press release statement. While currently operating at a loss, InvestingPro analysts project Varonis to achieve profitability in 2025, with the next earnings report scheduled for July 29. Get access to 8 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Varonis Systems announced its first FedRAMP Authorization for its Data Security Platform, making it a compliant provider for federal agencies seeking cloud-hosted security solutions. This development highlights Varonis’ commitment to data security, offering tools for threat detection and data loss prevention. Varonis also extended its Data Security Platform to integrate with OpenAI’s ChatGPT Enterprise Compliance API, enabling organizations to monitor AI interactions and detect potential data security risks. Additionally, Varonis held its 2025 Annual Meeting of Stockholders, where key proposals, including the 2025 Employee Stock Purchase Plan and an increase in shares for the 2023 Omnibus Equity Incentive Plan, were approved. Furthermore, Cantor Fitzgerald maintained an Overweight rating on Varonis with a $60 target, citing confidence in its growth and strategic positioning. Similarly, TD Cowen reiterated a Buy rating with a $59 target, emphasizing Varonis’ robust data protection platform. These ratings reflect the analysts’ positive outlook on Varonis’ market strategy and execution capabilities.
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