EarningsA price target has been raised to $68 from $62, indicating confidence in the company's future performance.
Market ExpansionThe integration of SlashNext offers Varonis Systems a foothold in the $5.2 billion email security market, which is projected to grow at an 11% CAGR.
Product StrategyThe company is making a successful transition to a SaaS delivery model, now accounting for over 70% of the product mix.