Varonis Systems: SaaS Model Transition Progressing Well; Buy (NASDAQ:VRNS)
da-kuk Investment overview The central point of an investment analysis into Varonis Systems (NASDAQ:VRNS) is its transition into a SaaS model. While this transition is a growth tailwind in the near term, it has long-term benefits as it drives higher contribution margins and shorter sales cycles. In other words, I view the SaaS model as…