Varonis Systems (VRNS) Set to Announce Quarterly Earnings on Monday

Varonis Systems (NASDAQ:VRNS) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.08. The business had revenue of $154.10 million for the quarter, compared to analyst estimates of $151.64 million. Varonis Systems had a negative net margin of 20.22% and a negative return on equity of 20.04%. 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 Price Performance

VRNS stock opened at $45.33 on Monday. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of -49.27 and a beta of 0.85. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.51. Varonis Systems has a 12-month low of $22.34 and a 12-month high of $52.88. The company’s fifty day simple moving average is $47.54 and its 200 day simple moving average is $43.73.

Insider Transactions at Varonis Systems

In other news, Director Gili Iohan sold 19,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $50.54, for a total transaction of $985,530.00. Following the completion of the sale, the director now directly owns 19,263 shares of the company’s stock, valued at $973,552.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Varonis Systems news, Director Ofer Segev sold 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $52.13, for a total value of $260,650.00. Following the completion of the sale, the director now directly owns 75,682 shares of the company’s stock, valued at approximately $3,945,302.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gili Iohan sold 19,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $50.54, for a total transaction of $985,530.00. Following the completion of the sale, the director now directly owns 19,263 shares of the company’s stock, valued at $973,552.02. The disclosure for this sale can be found here. Insiders sold a total of 372,419 shares of company stock valued at $18,571,413 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

VRNS has been the topic of several recent analyst reports. DA Davidson restated a “neutral” rating and issued a $45.00 target price (up previously from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $56.00 price objective on shares of Varonis Systems in a report on Friday, March 15th. Piper Sandler upped their price objective on shares of Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Varonis Systems from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Finally, Wells Fargo & Company upped their price objective on shares of Varonis Systems from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $48.81.

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.