Equities research analysts predict that Varonis Systems Inc (NASDAQ:VRNS) will announce earnings of ($0.31) per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Varonis Systems’ earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.31). Varonis Systems reported earnings per share of ($0.23) during the same quarter last year, which suggests a negative year-over-year growth rate of 34.8%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Varonis Systems will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.26. For the next year, analysts expect that the business will post earnings of $0.21 per share, with EPS estimates ranging from $0.14 to $0.27. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Varonis Systems.
Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Monday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.07. The company had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $66.29 million. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, November 2nd. Jefferies Group increased their price target on Varonis Systems from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating on shares of Varonis Systems in a report on Friday, November 3rd. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Varonis Systems in a report on Friday, December 1st. Finally, Oppenheimer assumed coverage on Varonis Systems in a report on Wednesday, December 6th. They set an “outperform” rating and a $57.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Varonis Systems presently has an average rating of “Buy” and a consensus target price of $57.92.
In related news, CEO Yakov Faitelson sold 63,807 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $50.35, for a total transaction of $3,212,682.45. Following the transaction, the chief executive officer now owns 157,651 shares of the company’s stock, valued at approximately $7,937,727.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Guy Melamed sold 897 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $48.95, for a total value of $43,908.15. Following the transaction, the chief financial officer now directly owns 95,408 shares in the company, valued at approximately $4,670,221.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,754 shares of company stock valued at $11,352,516. Company insiders own 19.50% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of VRNS. ETRADE Capital Management LLC acquired a new position in Varonis Systems during the 4th quarter worth about $209,000. CAPROCK Group Inc. acquired a new position in Varonis Systems during the 4th quarter worth about $220,000. Schmidt P J Investment Management Inc. acquired a new position in Varonis Systems during the 3rd quarter worth about $243,000. Teacher Retirement System of Texas acquired a new position in Varonis Systems during the 4th quarter worth about $254,000. Finally, Invictus RG acquired a new position in Varonis Systems during the 4th quarter worth about $271,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Varonis Systems (VRNS) traded up $4.35 during trading hours on Monday, reaching $56.30. The company’s stock had a trading volume of 1,482,700 shares, compared to its average volume of 303,052. The stock has a market cap of $1,585.30, a PE ratio of -108.27 and a beta of 0.89. Varonis Systems has a 12 month low of $26.35 and a 12 month high of $56.80.
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Varonis Systems Company Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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