FINWIRES · TerminalLIVE
FINWIRES

Varonis Systems' AI Story Remains Undervalued, Wedbush Says

By

Varonis Systems' (VRNS) AI story remains undervalued as it advances to capture market opportunity amid rising demand from clients to secure their data and AI stacks, Wedbush Securities said in a note Wednesday.

The Q1 beat was a "good step in the right direction" for the company, which remains a prime acquisition candidate given its robust market position, analysts wrote.

The company is prioritizing AI-driven automation with the launch of cybersecurity platform Varonis Atlas after the acquisition of AllTrue.ai amid the need for end-to-end visibility and management of agent models, according to the note.

Wedbush reiterated its outperform rating on the stock and boosted its price target to $37 per share from $35.

Shares of Varonis were up more than 5% in Wednesday trading.

Price: $26.77, Change: $+1.33, Percent Change: +5.23%

Related Articles

Wire

Brown-Forman, Pernod Ricard End Talks on Potential Combination

Brown-Forman (BF.A) and Pernod Ricard ended discussions over a potential business combination after failing to reach mutually agreeable terms."We intend to create long-term value for all stakeholders by focusing on our strategic and operational priorities," Brown-Forman said Tuesday in a statement. "This includes unlocking future growth by expanding our geographic footprint, continuing to build brands that resonate with consumers, and enhancing operational efficiency."In late March, the companies confirmed they were in talks, noting "there could be no assurance that any such agreement would be reached."Brown-Forman shares fell 2.9% in after-hours trading.

$BF.A$BF.B
Wire

Update: Visa Fiscal Q2 Adjusted Earnings, Revenue Rise

(Updates with share repurchase and dividend information in the last two paragraphs.)Visa (V) reported fiscal Q2 adjusted earnings late Tuesday of $3.31 per diluted share, up from $2.76 a year earlier.Analysts polled by FactSet expected $3.10.Revenue for the three months ended March 31 was $11.23 billion, up from $9.59 billion a year earlier.Analysts polled by FactSet expected $10.75 billion.In April, the company's board authorized a new $20 billion multi-year share repurchase program, it said.Visa also maintained its quarterly dividend at $0.67 per share, payable June 1 to holders on record as of May 12.

$V
Wire

BXP Q1 FFO Falls, Revenue Rises; Shares Drop After Hours

BXP Inc (BXP) reported Q1 funds from operations late Tuesday of $1.59 per diluted share, down from $1.64 a year earlier.Analysts surveyed by FactSet expected $1.58.Revenue in the three months ended March 31 rose to $872.1 million from $865.2 million a year earlier.Analysts polled by FactSet expected $843.1 million.The company expects FFO of $1.69 to $1.71 a share in Q2 and $6.90 to $7.04 a share in the full year, compared with the prior forecast of $6.88 to $7.04.Analysts surveyed by FactSet expect $1.72 in Q2 and $6.95 in the full year.BXP shares fell 4.6% in after-hours trading.

$BXP