Riding the Trend or Protecting Profits | Varonis Systems Inc. (VRNS)

As part of a data protection research project was launched by the Pentagon’s new Cyber Technology Centre, the cybersecurity technology provider Varonis Systems Inc. (VRNS) has been selected to participate. Varonis symbolizes the firm’s high degree of appreciation for its technology, which is a positive sign for investors.

To participate in the DoD Zero Trust Testbed, located in Maryland, Varonis specialists will provide their expertise in security, risk, compliance, and forensic. This laboratory is studying Zero Trust, as suggested by its name. Unlike the traditional approach where a firewall is used as a security barrier, this concept protects a secure IT system environment against an insecure external environment. Using the Zero Trust concept, all IT infrastructure components are considered potentially unreliable, so they are monitored accordingly, reducing the risk of a long-term data leak and the spreading of malicious code that had managed to penetrate the firewall undetected.

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Among its many tasks, Varonis Systems Inc. (VRNS) will be testing the new cloud-based IT security strategies to partner with the DoD Zero Trust. Among the reasons the company was chosen are its recent NSA and NIAP certifications and its advanced technologies to automate the detection of the latest types of cyber-attacks, including special ones used by government organizations for cyber intelligence.

Varonis Systems Inc. (VRNS) stock was up by more than 2.61% at $55.40 at the last check yesterday. The stock of the company closed at $53.99 in the previous session. There were fluctuating prices of $53.62 and $55.96 in the company’s shares during that period. A total of 0.93 million shares were traded, which was higher than the daily volume of 0.91 million over the past 50 days but lower than the year-to-date volume of 1.28 million shares. This stock has gained 87.65% over the past year, and it has gained 11.20% over the past week. Stock prices have risen 18.23% over the last six months, while they have decreased by -1.35 in the past three months. The stock has returned 1.58% so far this year. 


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