Varonis Systems (VRNS) Scheduled to Post Earnings on Tuesday

Varonis Systems (NASDAQ:VRNS) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.07 per share 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 issued its quarterly earnings data on Monday, July 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The company had revenue of $130.35 million for the quarter, compared to analyst estimates of $124.83 million. Varonis Systems had a negative net margin of 16.97% and a negative return on equity of 18.31%. Varonis Systems’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company posted ($0.35) earnings per share. 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 1.0 %

Varonis Systems stock opened at $56.86 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.55. The firm has a market cap of $6.34 billion, a P/E ratio of -60.49 and a beta of 0.82. The business has a fifty day moving average of $56.11 and a two-hundred day moving average of $49.76. Varonis Systems has a twelve month low of $30.89 and a twelve month high of $60.58.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VRNS. Baird R W upgraded Varonis Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Piper Sandler raised their price target on shares of Varonis Systems from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. UBS Group boosted their price objective on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird raised their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Varonis Systems in a report on Monday, August 26th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.63.

Insiders Place Their Bets

In other news, Vice Chairman James O’boyle sold 50,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total value of $2,988,000.00. Following the transaction, the insider now directly owns 444,114 shares of the company’s stock, valued at approximately $26,540,252.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by 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.