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Why Shares of Varonis Systems Jumped Today

TheMotleyFool

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Why Shares of Varonis Systems Jumped TodayPhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png

Varonis Systems' (NASDAQ: VRNS) stock price spiked Tuesday following the release of a better-than-expected third-quarter earnings report.

Shares of the cybersecurity and analytics company rose by as much as 13.3% in morning trading and were still up by 5.4% as of noon EDT.

Varonis delivered its Q3 results Monday afternoon and reported non-GAAP earnings of $0.06 per share, far better than analysts' consensus estimate for a loss of $0.13 per share. Revenue of $76.8 million also beat Wall Street's estimate of $70.2 million.

Source Fool.com

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