Analysts Set Expectations for Varonis Systems Q2 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS) – Research analysts at DA Davidson issued their Q2 2025 EPS estimates for Varonis Systems in a research note issued on Wednesday, May 7th. DA Davidson analyst R. Kessinger anticipates that the technology company will post earnings of ($0.24) per share for the quarter. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.83) per share.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. The business had revenue of $136.42 million for the quarter, compared to analyst estimates of $133.10 million. During the same period in the previous year, the firm posted ($0.03) EPS. The firm’s revenue was up 19.6% compared to the same quarter last year.

VRNS has been the topic of a number of other reports. Royal Bank of Canada lifted their target price on Varonis Systems from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company lowered their price objective on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group cut their target price on shares of Varonis Systems from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. UBS Group lifted their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley cut their price objective on shares of Varonis Systems from $54.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.06.

Varonis Systems Trading Down 0.4 %

Shares of NASDAQ VRNS opened at $45.30 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. Varonis Systems has a 52-week low of $36.53 and a 52-week high of $60.58. The stock has a market cap of $5.07 billion, a P/E ratio of -52.67 and a beta of 0.79. The firm has a 50 day moving average price of $41.35 and a two-hundred day moving average price of $45.13.

Hedge Funds Weigh In On Varonis Systems

A number of hedge funds have recently bought and sold shares of VRNS. CenterBook Partners LP increased its holdings in shares of Varonis Systems by 2.6% in the 1st quarter. CenterBook Partners LP now owns 27,862 shares of the technology company’s stock worth $1,127,000 after purchasing an additional 713 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Varonis Systems by 45.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company’s stock worth $182,000 after buying an additional 1,401 shares in the last quarter. XTX Topco Ltd raised its position in Varonis Systems by 45.5% in the 1st quarter. XTX Topco Ltd now owns 11,177 shares of the technology company’s stock worth $452,000 after buying an additional 3,497 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Varonis Systems during the 1st quarter valued at about $1,985,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Varonis Systems by 234.0% during the 1st quarter. Mackenzie Financial Corp now owns 23,947 shares of the technology company’s stock valued at $969,000 after acquiring an additional 16,777 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems declared that its board has authorized a stock repurchase plan on Monday, February 10th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Varonis Systems

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.