Varonis Systems Inc
VRNS: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$15.00 | Jnzr | Yjnzhqn |
Better Late Than Never; Varonis Faces Tough Competition as Firm Begins Its Cloud Transition
Business Strategy and Outlook
We view Varonis Systems as a strong data security vendor that occupies a tough competitive landscape. The firm’s solutions revolve around data security, privacy, and compliance. While the firm’s history stretches back to its founding in 2004, we are pessimistic on what the future holds for the firm as intense competition and possibly higher churn due to the firm’s ongoing cloud transition stand to exact a cost on the firm’s growth and profitability outlook.