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NASDAQ:VRNS

Varonis Systems (VRNS) Stock Price, News & Analysis

Varonis Systems logo
$49.24 -1.84 (-3.60%)
(As of 11/18/2024 ET)

About Varonis Systems Stock (NASDAQ:VRNS)

Key Stats

Today's Range
$48.81
$50.88
50-Day Range
$50.37
$59.98
52-Week Range
$38.46
$60.58
Volume
2.64 million shs
Average Volume
1.35 million shs
Market Capitalization
$5.54 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$59.67
Consensus Rating
Moderate Buy

Company Overview

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. It offers DatAdvantage that captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, intranet servers, cloud applications, and data stores; and DatAlert that profiles users, devices, and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a web-based dashboard and investigative interface. It also provides data Classification engine that identifies and tags data based on criteria set in various metadata dimensions, as well as provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege. In addition, the company offers Data Transport Engine, an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that provides search functionality for enterprise data. It serves its products to financial services, public, healthcare, industrial, technology, insurance, energy and utilities, consumer and retail, education and construction, and engineering sectors. The company sells its products through a network of distributors and resellers. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in New York, New York.

Varonis Systems Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
82nd Percentile Overall Score

VRNS MarketRank™: 

Varonis Systems scored higher than 82% of companies evaluated by MarketBeat, and ranked 173rd out of 656 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Varonis Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.76, and is based on 11 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Varonis Systems has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Varonis Systems' stock forecast and price target.
  • Earnings Growth

    Earnings for Varonis Systems are expected to grow in the coming year, from ($0.73) to ($0.72) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Varonis Systems is -65.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Varonis Systems is -65.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Varonis Systems has a P/B Ratio of 10.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Varonis Systems' valuation and earnings.
  • Percentage of Shares Shorted

    9.11% of the outstanding shares of Varonis Systems have been sold short.
  • Short Interest Ratio / Days to Cover

    Varonis Systems has a short interest ratio ("days to cover") of 7.1.
  • Change versus previous month

    Short interest in Varonis Systems has recently increased by 15.17%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Varonis Systems does not currently pay a dividend.

  • Dividend Growth

    Varonis Systems does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    9.11% of the outstanding shares of Varonis Systems have been sold short.
  • Short Interest Ratio / Days to Cover

    Varonis Systems has a short interest ratio ("days to cover") of 7.1.
  • Change versus previous month

    Short interest in Varonis Systems has recently increased by 15.17%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Varonis Systems has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Varonis Systems this week, compared to 6 articles on an average week.
  • Search Interest

    Only 6 people have searched for VRNS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Varonis Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Varonis Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,893,226.00 in company stock.

  • Percentage Held by Insiders

    Only 2.60% of the stock of Varonis Systems is held by insiders.

  • Percentage Held by Institutions

    95.65% of the stock of Varonis Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Varonis Systems' insider trading history.
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VRNS Stock News Headlines

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Varonis Systems (VRNS) Receives a Buy from Truist Financial
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VRNS Stock Analysis - Frequently Asked Questions

Varonis Systems' stock was trading at $45.28 on January 1st, 2024. Since then, VRNS shares have increased by 8.7% and is now trading at $49.24.
View the best growth stocks for 2024 here
.

Varonis Systems, Inc. (NASDAQ:VRNS) issued its quarterly earnings results on Tuesday, October, 29th. The technology company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The business's quarterly revenue was up 21.1% on a year-over-year basis.

Varonis Systems's stock split on the morning of Monday, March 15th 2021. The 3-1 split was announced on Monday, February 8th 2021. The newly minted shares were payable to shareholders after the closing bell on Friday, March 12th 2021. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

Top institutional shareholders of Varonis Systems include State Street Corp (2.39%), Thrivent Financial for Lutherans (2.38%), Geode Capital Management LLC (2.33%) and Principal Financial Group Inc. (1.60%). Insiders that own company stock include Yakov Faitelson, David Bass, Guy Melamed, James O'boyle, Dov Gottlieb, Den Bosch Fred Van, Ofer Segev, Avrohom J Kess, Gili Iohan and Gilad Raz.
View institutional ownership trends
.

Shares of VRNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Varonis Systems investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), CrowdStrike (CRWD), ServiceNow (NOW) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
10/29/2024
Today
11/18/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/03/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:VRNS
Employees
2,233
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$59.67
High Stock Price Target
$70.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+21.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$-100,920,000.00
Pretax Margin
-13.33%

Debt

Sales & Book Value

Annual Sales
$499.16 million
Book Value
$4.49 per share

Miscellaneous

Free Float
109,547,000
Market Cap
$5.54 billion
Optionable
Optionable
Beta
0.82

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This page (NASDAQ:VRNS) was last updated on 11/19/2024 by MarketBeat.com Staff
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