The tweet was deleted by the author.
But we saved everything 🙂.
Varonis announced its combination with Proofpoint in a $6.3 billion deal designed to create one of the leading pure-play cybersecurity companies in the world. Shares edge higher on the day, trading at $47.34.
Varonis announced on October 13, 2026, that it will combine with Proofpoint, aiming to create a leading pure-play cybersecurity company. Proofpoint will acquire Varonis in a $6.3 billion transaction, according to GlobeNewswire. The deal was unanimously approved by the Varonis Board of Directors and is expected to close in the first half of 2027, subject to customary closing conditions including shareholder and regulatory approvals.
View post on X Loading...
Price is sitting right at support from the Ichimoku Kijun at $47.31. This level is being tested even as the price shows a split daily structure, holding above the MA-50 and MA-200 but remaining below the MA-20. With the Stoch RSI in oversold territory, further downside appears limited and conditions favor stabilization over immediate sharp moves.
Traders should watch for a close above $47.93 to confirm buyers are following through on the move. Shares of Varonis are testing support at $47.31, with price holding to that key area without breaking below it. Over the next five trading days, the upside probability stands at 45% and the downside at 55%, with an expected trading range of $45.54 to $49.13. While there was a sharp move lower over the past week without a sustained trend, from here, direction will be defined by whether price closes above $47.93 or drops below support at $47.31. On the weekly chart the longer-term picture stays firmly constructive.
Earlier, analysts noted that Varonis was displaying price resilience amid exposure to recent cybersecurity vulnerabilities, maintaining a constructive technical outlook. The current announcement of a $6.3 billion merger with Proofpoint introduces a major shift in Varonis’s profile, with traders advised to closely monitor whether the new support at $47.31 holds as the integration unfolds.