Wedbush analyst Daniel Ives downgrades Varonis Systems (NASDAQ:VRNS) from Outperform to Neutral and lowers the price target from $40 to $20.
Looking Into Elastic’s Return On Capital Employed
In Q4, Elastic (NYSE:ESTC) posted sales of $177.61 million. Earnings were up 7.59%, but Elastic still reported an overall loss of $37.08 million. Elastic collected $157.12 million in revenue during Q3, but reported earnings showed a $34.46 million loss.
