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. 

The tech stock is down 7.3% as of 12:22 p.m. ET. 

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.

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Source Fool.com