Varonis Systems, Inc. (VRNS) Scheduled to Post Quarterly Earnings on Wednesday
Varonis Systems, Inc. (NASDAQ:VRNS) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Varonis Systems has set its Q3 guidance at ($0.01)-$0.00 EPS and its FY17 guidance at $0.07-$0.09 EPS.
Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.09. The firm had revenue of $50.20 million for the quarter, compared to analyst estimates of $47.50 million. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company earned ($0.12) EPS. On average, analysts expect Varonis Systems to post $-0.59 EPS for the current fiscal year and $-0.48 EPS for the next fiscal year.
Shares of Varonis Systems, Inc. (NASDAQ:VRNS) opened at 44.35 on Wednesday. The company’s market capitalization is $1.22 billion. Varonis Systems, Inc. has a 12 month low of $24.45 and a 12 month high of $45.20. The stock has a 50 day moving average price of $42.15 and a 200-day moving average price of $37.66.
In related news, CFO Guy Melamed sold 6,562 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $39.50, for a total value of $259,199.00. Following the transaction, the chief financial officer now owns 104,653 shares of the company’s stock, valued at $4,133,793.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Yakov Faitelson sold 70,842 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $40.96, for a total value of $2,901,688.32. Following the completion of the transaction, the chief executive officer now directly owns 334,908 shares in the company, valued at approximately $13,717,831.68. The disclosure for this sale can be found here. In the last three months, insiders sold 465,615 shares of company stock worth $19,092,629. 19.50% of the stock is owned by insiders.
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VRNS has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 target price (up previously from $44.00) on shares of Varonis Systems in a research note on Monday, September 11th. Barclays PLC upped their target price on Varonis Systems from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday, August 4th. Zacks Investment Research cut Varonis Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 target price (up previously from $41.00) on shares of Varonis Systems in a research note on Friday, August 4th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $46.00 target price (up previously from $39.00) on shares of Varonis Systems in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $43.20.
Varonis Systems Company Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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