Varonis Systems (NASDAQ:VRNS) updated its first quarter 2019 earnings guidance on Monday. The company provided EPS guidance of $-0.38–0.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.23. The company issued revenue guidance of $58.5-60 million, compared to the consensus revenue estimate of $62.84 million.Varonis Systems also updated its FY 2019 guidance to $0.04-0.16 EPS.
NASDAQ:VRNS traded up $1.22 during mid-day trading on Monday, reaching $63.96. The stock had a trading volume of 723,086 shares, compared to its average volume of 295,004. The company has a market capitalization of $1.85 billion, a P/E ratio of -127.92 and a beta of 0.99. Varonis Systems has a fifty-two week low of $48.67 and a fifty-two week high of $83.10.
Several equities analysts have recently weighed in on the company. Wedbush reiterated a hold rating and set a $68.00 price objective on shares of Varonis Systems in a report on Tuesday, October 30th. Craig Hallum raised Varonis Systems from a hold rating to a buy rating in a research note on Tuesday, January 29th. BidaskClub raised Varonis Systems from a hold rating to a buy rating in a research note on Thursday, January 31st. Morgan Stanley set a $70.00 price target on Varonis Systems and gave the stock a hold rating in a report on Friday, October 19th. Finally, Robert W. Baird assumed coverage on Varonis Systems in a research note on Thursday, October 18th. They set an outperform rating and a $75.00 price target for the company. Four 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. The stock currently has an average rating of Buy and a consensus target price of $73.88.
About Varonis Systems
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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