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Varonis Systems Inc. (NASDAQ:VRNS) stock has touched a 52-week low, dipping to $39.5 as the data security and analytics company faces a turbulent market environment. With a market capitalization of $4.5 billion and impressive gross profit margins of 83%, the company maintains strong operational efficiency despite current challenges. InvestingPro analysis indicates the stock is trading above its Fair Value, suggesting careful consideration for potential investors. This latest price level reflects a significant retreat from its previous positions over the year, with the company’s stock experiencing a 1-year change with a decline of 19.25%. While revenue grew by 10.4% over the last twelve months, investors are closely monitoring Varonis’ performance as it navigates through industry headwinds and competitive pressures. The 52-week low serves as a critical juncture for the company, with analyst price targets ranging from $38 to $67. For deeper insights into Varonis’ valuation and growth prospects, InvestingPro subscribers can access 8 additional key tips and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks.
In other recent news, Varonis Systems reported a 3% increase in revenue for the fourth quarter of 2024, reaching $158.5 million. The company’s earnings per share (EPS) exceeded expectations at $0.18, compared to the forecasted $0.14. Despite these positive earnings, revenue fell short of expectations, leading to broader market concerns. Varonis has also announced the establishment of new data centers in Mumbai and Pune, India, to support compliance with local data sovereignty regulations. Additionally, Varonis introduced a new AI security tool for Salesforce (NYSE:CRM)’s Agentforce platform, enhancing visibility and control over AI agents. The company has opted for a physical settlement method for its 1.250% Convertible Senior Notes due in 2025, allowing note holders to receive shares directly. Investors are advised to review the terms of the Indenture for further details on this change.
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