Benzinga | Feb 9, 2021 02:06PM EST

Why Varonis Systems Stock Is Trading Higher Today

Varonis Systems (NASDAQ:VRNS) shares are trading higher after the company reported better-than-expected fourth-quarter sales results and issued first-quarter and fiscal year 2021 sales guidance above estimates.

Varonis Systems Inc provides software solutions that protect data from insider threats and cyber attacks. The company, through its software, allows organizations to protect data stored on premises and on a cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.

Varonis Systems stock was up 10.42% at $202. The stock has a 52-week high of $203.99 and a 52-week low of $48.95.