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04:00-07:00Oct 192 Stories
Varonis: Not The Start Nor The End Of Cybersecurity Consolidation
Varonis (VRNS) buyout by Thoma Bravo: Proofpoint merger, consolidation trends, and why the 2% spread isnât worth it.
Barclays Downgrades Varonis Systems to Equal-Weight, Maintains Price Target to $50
Barclays analyst Saket Kalia downgrades Varonis Systems (NASDAQ:VRNS) from Overweight to Equal-Weight and maintains the price target from $50 to $50.
14:00-21:00Oct 172 Stories
Varonis (VRNS) Stock May Be Reasonable On Its $6.3B Buyout Deal
Varonis Systems shares have climbed strongly this year, and a pending US$6.3b cash buyout now puts an explicit price tag on the cybersecurity specialist. With the stock last closing at US$48.72, the key issue is whether that takeover valuation lines up with the cash flows the business can generate. The share price is up 52.1% year to date. This puts real weight on the question of how much of Varonis Systems’ future cash generation is already reflected in today’s level. Proofpoint’s proposed...
Varonis Systems (VRNS) Could Be 4% Undervalued As The Proofpoint Bid Nears Fair Value
Varonis Systems (VRNS) is back in focus after Proofpoint agreed to acquire the data security specialist in an all cash deal valued at about US$6.3b, with an offer to investors of US$49.75 per share. The takeover news has effectively set a ceiling for near term moves, with the share price at US$48.72 and a 1 day share price return of 2.92%, pulling Varonis Systems closer to the US$49.75 offer. At the same time, the 52.06% year to date share price return contrasts with a 1 year total...
09:00-15:00Oct 162 Stories
Why Varonis Systems (VRNS) Stock Is Trading Up Today
Shares of data security company Varonis Systems (NASDAQ:VRNS) jumped 2.9% in the pre-market session after the company agreed to be acquired by Proofpoint in an all-cash deal valued at approximately $6.3 billion.
Baird Maintains Neutral on Varonis Systems, Raises Price Target to $50
Baird analyst Shrenik Kothari maintains Varonis Systems (NASDAQ:VRNS) with a Neutral and raises the price target from $45 to $50.