Why Varonis Systems Stock Is Plummeting Today
Varonis Systems (NASDAQ: VRNS) stock is crashing in Wednesday's trading. The data security specialist's share price was down 47.4% as of 3:15 p.m. ET and had been off as much as 48.9% earlier in the session.
Varonis released its third-quarter results after the market closed yesterday, reporting mixed results. While the company's Q3 report wasn't terrible, management issued forward guidance that is causing investors to rapidly sell out of the stock.
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Source Fool.com
