Varonis Systems Inc
VRNS: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$75.00 | Xrqm | Sklktstfz |
No-Moat Varonis’ Execution on Its Cloud Transition Is Crucial; Initiate at $22; Shares Fairly Valued
We are initiating coverage of Varonis with a fair value estimate of $22 per share, no economic moat rating, negative moat trend rating, and very high uncertainty rating. We currently view shares as fairly valued and trading in 3-star territory.