Why Varonis Systems (VRNS) Stock Is Up Today
Update: 2025-10-30
Description
Varonis Systems' stock surged by 8.5% after a steep drop, following disappointing Q3 results and a workforce reduction. Despite weak renewals in on-premise subscriptions, the company's annual recurring revenue grew by 18% and its cloud-based software performed well. The board approved a $150 million stock buyback, signaling confidence. However, the stock is still down 21% this year, and investors are watching to see if the company's cloud focus and AI innovation can reverse its fortunes.
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