The security-software company lowered its full-year targets, but the market seems to be impressed by growth for subscription sales.
News & Analysis: Varonis Systems
The data analytics company beat expectations as it rapidly shifts to subscriptions.
VRNS earnings call for the period ending September 30, 2019.
The cybersecurity stock suffered a double-digit slide last month, but shares are still up roughly 15% year to date.
The company is quickly moving to subscriptions and away from perpetual licenses, and that's hurting its near-term results.
The market approves of the cybersecurity company's shift to subscriptions.
VRNS earnings call for the period ending June 30, 2019.
Does this cybersecurity company's big change make sense?
Wall Street likes the data security company's new business model.
The move is hurting results, and it led the company to slash its full-year guidance.