Wedbush increased its price target for Varonis Systems to $49.75, matching Proofpoint's all-cash acquisition offer valuing the company at about $6.3 billion. This offer represents a 52% premium over Varonis' stock price before acquisition rumors. Legal firms are investigating whether the $49.75 offer fairly values public shareholders and if the deal limits competing bids. The stock currently trades slightly below the offer price, which will only be paid if the acquisition closes as planned.
Varonis Systems is the subject of a raised price target to $49.75 by Wedbush, matching an acquisition offer valuing the company at about $6.3 billion. For readers following the Technology sector, here is Pluang's market snapshot as of Oct 16, 2026 22:51 WIB: out of 150 priced US tech stocks, 16 rose and 133 fell. Notable movers include VNET at USD 3.99 with 98% sell orders, OKTA at USD 189.59 with 81% sell orders, and DOCN at USD 99.60 with 83% buy orders.
M&T Bank reported adjusted earnings per share of $5.08 and revenue of $2.55 billion for Q3 2026, both surpassing analyst estimates. This marks the fourth consecutive quarter the bank has exceeded earnings and revenue expectations, reflecting consiste...
Whole Lotta Dank, a Canadian cannabis brand platform, has launched its first brand, Dank Pack, debuting with Blueberry BBL available across Alberta. The company is expanding its portfolio with over 20 SKUs under regulatory review and is actively seek...
Travelers reported strong third-quarter earnings with EPS of $9.18, surpassing analyst estimates of $7.39, and revenue of $12.40 billion, beating expectations of $11.40 billion. The insurer's core income rose 4% year-over-year to $1.95 billion, helpe...
Steel Dynamics is set to report its Q3 2026 earnings on October 19, with Wall Street analysts forecasting earnings of about $5.47 per share and revenue near $6.43 billion. These estimates show significant year-over-year growth but are slightly higher...
Nasdaq announced that trading in CN Healthy Food Tech Group Corp.'s common stock and warrants will resume on October 19, 2026, after being halted since October 1, 2025. The resumption marks the end of a year-long trading suspension, allowing investor...
