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Why Varonis Stock Is Falling Today

TheMotleyFool

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Shares of Varonis Systems (NASDAQ: VRNS), a data analytics and security company, were plunging this morning after the company reported its first-quarter results and issued full-year guidance that was below Wall Street's expectations. The tech stock was down by 15.8% as of 11:55 a.m. ET.

Varonis reported a non-GAAP loss per share of $0.09 in the quarter -- which was larger than the $0.08 loss in the year-ago quarter but beat analysts' consensus estimate of a loss of $0.10 per share.

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Source Fool.com

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