When The Market Gets Them Wrong : Varonis Systems, Inc. (VRNS), MKS Instruments, Inc. (MKSI)

The stocks of Varonis Systems, Inc. (NASDAQ:VRNS) has been Upgraded as a Buy from Hold by Craig Hallum in its latest research note that was published on October 10. VRNS was given a price target of$75 by Craig Hallum, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Hold to Buy rating from The Benchmark Company. This was contained in a research note published by the firm on July 30. The stock received a Neutral to Outperform rating and a price target of $85 in Wedbush’s research note that was published on April 30.

Varonis’s stock is covered by 14 analysts, with 9 of them rating the stock as Buy. It has been deemed to have strong buy by 1 of the analysts, 4 of them have rated it as a Hold while none of them rated it as sell. Meanwhile, none analyst(s) rated it as a sell. The above data shows that VRNS has an average analyst rating of Overweight.

Varonis Systems, Inc., which has current market capitalization of above $2 Billion, published its last quarter earnings on September 30, 2019. The company was able to amass $66 Million in revenue, which saw a quarterly growth rate of -2.09 percent. During that quarter of the year, Varonis also recorded $-0.53 earnings per share (EPS) which is $0.1 above the $-0.63 estimated by the analysts, leading to a surprise factor of 15.87%.

VRNS surged by $1.10 during the normal trading session on Wednesday and reaching a high of $76.59 during the day while it closed the day at $75.80. The Varonis stock had a low trading volume of 0.18 million shares on that day, which is low compared to the average daily volume of 266.57M shares. VRNS has also gained 1.73% of its value over the past 7 days. However, the stock has surged by 7.50% in the 3 months of the year. Over the past six months meanwhile, it has gained 12.63% while it has added 43.29% year-on date.

Shares in MKS Instruments, Inc. (NASDAQ:MKSI) fell by -1.07 percent on Wednesday. The company’s stock began trading at $105.85 below the previous closing price of $107, and finished the day at $106.46. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -7.52% from its 3 months high price. However, taking another look at MKSI will indicate that it is trading +47.55% away from its 90-day low. Looking at the bigger picture, the MKS Instruments, Inc. stock has dropped by -7.52% from its 52-week high while it has surged by +88.86% from its 52-week low price.

On October 30, 2019 Burke Kathleen Flaherty, Sr. VP, GC & Secretary sold 10,384 shares of the company. The average price for that transaction was $110.55 per share, which meant that Burke Kathleen Flaherty earned $1,147,951.00 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Sr. VP, CFO & Treasurer, BAGSHAW SETH H selling 18,000 shares of this stock on October 29, 2019. The average selling price for the stock was $112.08 per share, with the sold stock accruing $2,017,440.00. Following this transaction, the insider now holds 38,548 shares of the company, which is worth around $2,909,989.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that MKSI stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that MKS has a 20-day average volume of 465150 shares. This has led to the MKSI price forecast being placed as a 50%Buy on an average basis. In the medium term, however, the MKSI stock has its 50-Day average volume of 424280 shares, with the indicators also rating it as a 100%Buy. Finally, in the long-term, the MKSI stocks have a 100-Day average volume of 444817 shares, with the long-term indicators rating the stock as just 100%Buy. Looking at the three indicators, the MKSI stock has been set on a 0.88 Buy rating.

MKS has around 386 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $311 Million. The MKS stock is bringing in revenue of over 12 months, which is roughly 2 Billion. Despite all that, MKS Instruments, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 0.84%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 71.24%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 33.59%. Over the past 20 days, MKS’s Stochastic %K stood at 57.1% while its Stochastic %D was revealed to be 67.67%.