What happened Shares of Varonis Systems (NASDAQ: VRNS), a data analytics and security company, were plunging this morning after the company reported its first-quarter results and issued full-year guidance that was below Wall Street's expectations. While the company's first-quarter results weren't all that bad, investors are likely worried that rising inflation and a potential upcoming rate hike by the Federal Reserve could slow down growth for tech stocks. With lots of pessimism in the market right now, Varonis investors may be skeptical that the company will be able to beat Wall Street's expectations for the full year.