Does this cybersecurity company's big change make sense?
News & Analysis: Varonis Systems
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.
VRNS earnings call for the period ending March 31, 2019.
Short-term results will suffer, but the company sees subscriptions as a way to reach $1 billion in annual sales.
Even with the market rising, these companies suffered from bad news.
The data security and analytics company provided weak guidance amid a shift to subscriptions.
VRNS earnings call for the period ending December 31, 2018.
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Sales in the West Coast region improved for the data security and analytics provider, but growth is set to slow down next quarter.