Varonis Secures GovRAMP Authorization, Bolstering Public Sector Sales
VRNS has more than doubled off its 52-week low of $19.7.
Summary
Varonis Systems has achieved GovRAMP Authorization for its Data Security Platform, confirming it meets stringent security requirements for state, local, tribal, and educational government agencies. This certification is a positive operational development, enabling the company to strengthen its position and expand sales within the public sector. It follows a similar security certification achieved in Spain in May and comes after the company reported strong Q1 results and raised guidance.
At the time of this announcement, VRNS was trading at $39.67 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $19.70 to $63.90. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.