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Why Varonis Stock Is Falling Today

Chris Neiger, The Motley Fool
·1-min read
Why Varonis Stock Is Falling Today

Shares of Varonis Systems (NASDAQ: VRNS), a data security and analytics company, were sliding today after Morgan Stanley analyst Hamza Fodderwala downgraded the company's stock and lowered his price target for its shares. Fodderwala downgraded Varonis' stock to an equal weight rating from his previous overweight rating and lowered the stock's price target to $35 from $50. Investors may have reacted strongly to today's downgrade as they take a more skeptical view of technology stocks in general right now.

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