Varonis Systems (VRNS) to Release Quarterly Earnings on Monday

Varonis Systems (NASDAQ:VRNS) is anticipated to release its earnings data after the market closes on Monday, February 3rd. Analysts expect Varonis Systems to post earnings of $0.14 per share and revenue of $165.13 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The firm’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) EPS. On average, analysts expect Varonis Systems to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Varonis Systems Stock Up 0.9 %

Varonis Systems stock opened at $45.36 on Friday. The stock has a market cap of $5.10 billion, a PE ratio of -60.48 and a beta of 0.83. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a fifty day moving average of $46.33 and a 200 day moving average of $51.36. Varonis Systems has a one year low of $41.13 and a one year high of $60.58.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VRNS shares. UBS Group raised their price objective on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Needham & Company LLC restated a “buy” rating and set a $67.00 price target on shares of Varonis Systems in a report on Monday, January 6th. Jefferies Financial Group decreased their target price on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price target on shares of Varonis Systems in a research report on Wednesday, October 30th. Finally, Citigroup dropped their target price on Varonis Systems from $57.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.44.

Insider Buying and Selling

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of Varonis Systems stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the completion of the sale, the chief financial officer now directly owns 504,598 shares in the company, valued at approximately $27,096,912.60. The trade was a 15.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is owned by company insiders.

Varonis Systems Company Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.