Varonis SystemsVRNS
VRNS
About: Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2005 and went public in 2014.
Employees: 2,233
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
219% more call options, than puts
Call options by funds: $109M | Put options by funds: $34.2M
34% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 41
14% more capital invested
Capital invested by funds: $5.49B [Q2] → $6.25B (+$758M) [Q3]
4% more funds holding
Funds holding: 317 [Q2] → 331 (+14) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 10 [Q2] → 10 (+0) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 118
4.04% less ownership
Funds ownership: 102.61% [Q2] → 98.58% (-4.04%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$47
4%
upside
Avg. target
$60
32%
upside
High target
$70
55%
upside
8 analyst ratings
5 positive
63%
3 neutral
38%
0 negative
0%
Jefferies Joseph Gallo 69% 1-year accuracy 9 / 13 met price target | 10%upside $50 | Hold Maintained | 19 Dec 2024 |
DA Davidson Rudy Kessinger 63% 1-year accuracy 17 / 27 met price target | 4%upside $47 | Neutral Maintained | 12 Dec 2024 |
RBC Capital Matthew Hedberg 70% 1-year accuracy 147 / 209 met price target | 43%upside $65 | Outperform Reiterated | 30 Oct 2024 |
Piper Sandler Rob Owens 73% 1-year accuracy 16 / 22 met price target | 21%upside $55 | Neutral Maintained | 30 Oct 2024 |
JP Morgan Brian Essex 61% 1-year accuracy 17 / 28 met price target | 43%upside $65 | Overweight Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 5 articles about VRNS published over the past 30 days
Positive
Seeking Alpha
6 days ago
Varonis Systems: Price Drop Is An Attractive Entry Point As Fundamentals Remain Strong
I reiterate a buy rating for Varonis Systems (VRNS) as the recent share price dip to $48 presents an attractive entry point for investors. VRNS fundamentals remain strong with accelerating revenue growth, improving EBITDA margins, and successful SaaS transition, despite slight weakness in the Federal sector. The new MDDR product drives SaaS adoption and growth, offering strong protection against ransomware, and is a key catalyst for future expansion.
Neutral
GlobeNewsWire
1 week ago
Varonis Broadens Data Security Coverage to ServiceNow
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), today announced it extended its data security coverage to ServiceNow. The integration expands Varonis' coverage to continuously discover and classify critical data and resolve issues related to data risk and overexposure within ServiceNow.
Neutral
GlobeNewsWire
2 weeks ago
Varonis Expands Data Security Coverage to Databricks
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), today announced it expanded its data security coverage to Databricks. The latest integration broadens Varonis' extensive coverage to continuously discover and classify critical data, remove exposures, and detect threats to the Databricks Data Intelligence Platform.
Positive
Zacks Investment Research
2 weeks ago
Buy 5 Big Data Providers to Enhance Your Portfolio Returns in 2025
Five big data stocks have strong revenue and earnings growth potential for 2025. These are: DDOG, VRNS, PLTR, PRO, HUBS.
Positive
Zacks Investment Research
3 weeks ago
What Makes Varonis (VRNS) a New Buy Stock
Varonis (VRNS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
GlobeNewsWire
1 month ago
Varonis Extends Cloud Data Security Coverage to Google Cloud
NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), today announced the expansion of its IaaS security coverage to Google Cloud. The latest integration broadens Varonis' extensive coverage portfolio, bringing the company's proven data-centric approach to Google Cloud storage and data warehouses.
Neutral
Seeking Alpha
1 month ago
Varonis Systems, Inc. (VRNS) Q3 2024 Earnings Call Transcript
Varonis Systems, Inc. (NASDAQ:VRNS ) Q3 2024 Results Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Tim Perz - Vice President of Investor Relations Yaki Faitelson - Chief Executive Officer, President, Co-Founder and Chairman Guy Melamed - Chief Financial Officer and Chief Operating Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Hamza Fodderwala - Morgan Stanley Saket Kalia - Barclays Capital Brian Essex - J.P. Morgan Joel Fishbein - Truist Securities Fatima Boolani - Citibank Roger Boyd - UBS Andrew Nowinski - Wells Fargo Joseph Gallo - Jefferies Jason Ader - William Blair Rob Owens - Piper Sandler Joshua Tilton - Wolfe Research Rudy Kessinger - D.A.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, Varonis (VRNS) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Varonis (VRNS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Varonis Systems (VRNS) Q3 Earnings and Revenues Beat Estimates
Varonis Systems (VRNS) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.08 per share a year ago.
Positive
Seeking Alpha
2 months ago
Varonis Systems: 3 Factors That Make It A Buy
I recommend Varonis Systems as a 'Buy' due to re-accelerating revenue growth, strong price momentum, and significant insider buying. Despite having not produced an operating profit, Varonis is already generating close to $100 million of cash from operations. Varonis' premium valuation is justified by projected revenue growth, strong price momentum, and substantial insider share purchases, indicating confidence in the stock's undervaluation.
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