Varonis Systems shares are experiencing a decline after Citi placed the company on a negative catalyst watch ahead of its upcoming earnings report. This move by Citi suggests potential concerns about Varonis's financial performance or market conditions that could negatively impact the company's stock. The anticipation of the earnings report, combined with Citi's cautionary stance, has likely contributed to investor apprehension, leading to the stock's downward movement.
As of 1:41 pm on January 17th, Varonis Systems (VRNS) shares have fallen 4.48% to $43.825, down from the previous close of $45.88 on January 16th.