Varonis Systems shares are trading lower after the company announced it intends to offer $350 million of convertible senior notes due in 2029 via a private offering.
Portfolio Pulse from Benzinga Newsdesk
Varonis Systems shares declined following the announcement of a $350 million convertible senior notes offering due in 2029.

September 05, 2024 | 1:54 pm
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Varonis Systems shares fell after the company announced a $350 million convertible senior notes offering due in 2029. This move may dilute existing shares and indicates a need for capital.
The announcement of a convertible notes offering often leads to a decline in stock price due to potential dilution of existing shares. The $350 million offering suggests Varonis is seeking capital, which may concern investors about the company's current financial needs.
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