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Varonis Systems Sees Composite Rating Improve To 97

Varonis Systems (VRNS) saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 91 to 97.




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The upgrade means the stock is now outpacing 97% of all other stocks in terms of key performance metrics and technical strength.

Varonis Systems has now climbed above a proper buy zone after breaking out from a 138.85 buy point in a consolidation. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 


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One weak spot is the company’s 74 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q4, the company posted 478% earnings-per-share growth. That means it’s now posted six straight quarters of rising EPS gains. Sales growth increased 31%, up from 17% in the prior quarter. That marks four consecutive reports with rising growth.

Varonis Systems earns the No. 3 rank among its peers in the Computer Software-Database industry group. Commvault Systems (CVLT) is the top-ranked stock within the group.

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