Varonis Systems (VRNS) has embarked on a strategic alliance with Concentrix Corporation (CNXC, Financial) to enhance the safe and effective implementation of AI in large enterprises. This partnership aims to offer comprehensive solutions that safeguard critical data while organizations leverage AI technologies.
Through this collaboration, Varonis and Concentrix will provide a suite of technologies and services designed to minimize the exposure of sensitive information from AI tools, such as agents, chatbots, and large language models (LLMs). Additionally, they will address potential cyber threats generated by AI.
Varonis’ Data Security Platform will integrate seamlessly with Concentrix’s offerings to deliver automated data classification, remediation, and alerting features. This integration also includes AI readiness monitoring and a 24/7 Managed Data Detection and Response service, ensuring clients can proactively manage data security in their AI endeavors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Concentrix Corp (CNXC, Financial) is $64.33 with a high estimate of $80.00 and a low estimate of $54.00. The average target implies an upside of 34.17% from the current price of $47.95. More detailed estimate data can be found on the Concentrix Corp (CNXC) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Concentrix Corp's (CNXC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Concentrix Corp (CNXC, Financial) in one year is $98.12, suggesting a upside of 104.63% from the current price of $47.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Concentrix Corp (CNXC) Summary page.
