Varonis Systems (NASDAQ:VRNS) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.04) – $0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27. The company issued revenue guidance of $260-264.5 million, compared to the consensus revenue estimate of $250.35 million.
Several research firms have recently issued reports on VRNS. BidaskClub upgraded shares of Varonis Systems from a hold rating to a buy rating in a report on Wednesday, January 10th. Benchmark restated a buy rating and set a $60.00 price objective on shares of Varonis Systems in a report on Friday, December 1st. Needham & Company LLC boosted their price objective on shares of Varonis Systems from $52.00 to $65.00 and gave the stock a buy rating in a report on Friday, January 19th. Zacks Investment Research downgraded shares of Varonis Systems from a buy rating to a hold rating in a report on Wednesday, February 7th. Finally, Oppenheimer began coverage on shares of Varonis Systems in a report on Wednesday, December 6th. They set an outperform rating and a $57.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $53.36.
Varonis Systems (NASDAQ:VRNS) traded up $1.50 during midday trading on Monday, reaching $53.90. 511,552 shares of the company were exchanged, compared to its average volume of 228,760. The company has a market capitalization of $1,458.75, a PE ratio of -90.34 and a beta of 0.89. Varonis Systems has a twelve month low of $26.35 and a twelve month high of $55.85.
About Varonis Systems
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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