Varonis Systems (NASDAQ:VRNS) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $0.04-0.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $297-305 million, compared to the consensus revenue estimate of $318.47 million.Varonis Systems also updated its Q1 2019 guidance to $-0.38–0.36 EPS.
Shares of Varonis Systems stock traded up $1.22 on Monday, hitting $63.96. The company had a trading volume of 723,086 shares, compared to its average volume of 295,004. The company has a market cap of $1.85 billion, a PE ratio of -127.92 and a beta of 0.99. Varonis Systems has a 1 year low of $48.67 and a 1 year high of $83.10.
Several equities research analysts recently issued reports on VRNS shares. BidaskClub raised Varonis Systems from a hold rating to a buy rating in a research note on Thursday, January 31st. Craig Hallum upgraded Varonis Systems from a hold rating to a buy rating in a report on Tuesday, January 29th. Morgan Stanley dropped their price target on Varonis Systems from $70.00 to $68.00 and set an equal weight rating on the stock in a research report on Tuesday, October 30th. Wedbush reaffirmed a hold rating and issued a $68.00 price objective on shares of Varonis Systems in a research report on Tuesday, October 30th. Finally, Robert W. Baird initiated coverage on shares of Varonis Systems in a research note on Thursday, October 18th. They set an outperform rating and a $75.00 target price for the company. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Varonis Systems presently has a consensus rating of Buy and an average target price of $73.88.
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Varonis Systems Company Profile
Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.
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