Varonis Systems (VRNS) to Release Earnings on Tuesday

Varonis Systems (NASDAQ:VRNS - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect Varonis Systems to post earnings of $0.07 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results on Monday, July 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The firm had revenue of $130.35 million for the quarter, compared to analysts' expectations of $124.83 million. Varonis Systems had a negative return on equity of 18.31% and a negative net margin of 16.97%. The business's revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.35) earnings per share. 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 Stock Down 0.3 %

Varonis Systems stock traded down $0.17 during trading hours on Tuesday, hitting $58.35. 927,205 shares of the stock traded hands, compared to its average volume of 1,295,984. Varonis Systems has a one year low of $30.89 and a one year high of $60.58. The company has a market cap of $6.51 billion, a PE ratio of -62.14 and a beta of 0.82. The firm's 50-day moving average price is $55.96 and its two-hundred day moving average price is $49.51. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.55.

Insiders Place Their Bets

In related news, Vice Chairman James O'boyle sold 75,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $51.04, for a total value of $3,828,000.00. Following the transaction, the insider now owns 494,114 shares of the company's stock, valued at approximately $25,219,578.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on VRNS. Susquehanna raised their price objective on Varonis Systems from $55.00 to $65.00 and gave the company a "positive" rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped their price objective on shares of Varonis Systems from $45.00 to $48.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 30th. Needham & Company LLC reiterated a "hold" rating on shares of Varonis Systems in a report on Tuesday, July 30th. Piper Sandler upped their price target on Varonis Systems from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 30th. Finally, TD Cowen lifted their price objective on Varonis Systems from $54.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $56.67.

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.