Barclays cuts rating on Inapp as it sees slowdown in revenue growth
Investing.com -- Barclays expects Fortinet (NASDAQ:FTNT), Varonis Systems (NASDAQ:VRNS), and Procore Technologies (NYSE:PCOR) to report solid second-quarter results on stronger demand signals and manageable comparisons, while downgrading Intapp to Underweight on concerns about slower revenue growth.The brokerage downgraded Intapp given expectations for a slowdown in recurring revenue growth.Barclays sees fewer multi-year on-premise renewals and believes annual recurring revenue could decelerate into the mid-teens range next fiscal year.