Varonis Systems Inc (NASDAQ: VRNS) stock enjoyed a major increase of 14.6% on 7/30/24. The shares closed at $55.59. Moreover, this advance was accompanied by exceptionally high trading volume at 558% of normal. The stock has been strong relative to the market over the last nine months and has risen 17.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, VRNS is expected to be a modest Value Builder.
Varonis Systems has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Varonis Systems has a very low Appreciation Score of 5 but a neutral Power Rating of 54, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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