Varonis Systems (NASDAQ:VRNS) will issue its quarterly earnings data after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of ($0.77) per share for the quarter. Varonis Systems has set its Q2 2020
After-Hours guidance at -0.36–0.34 EPS and its Q2 guidance at (0.36-0.34) EPS.Parties interested in registering for the company’s conference call can do so using this link.
Varonis Systems (NASDAQ:VRNS) last released its earnings results on Monday, May 4th. The technology company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.03. The business had revenue of $54.18 million for the quarter, compared to analyst estimates of $54.04 million. Varonis Systems had a negative net margin of 34.74% and a negative return on equity of 93.70%. Varonis Systems’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.37) earnings per share. On average, analysts expect Varonis Systems to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
VRNS stock opened at $108.35 on Friday. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -37.75 and a beta of 1.08. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.68. Varonis Systems has a 12-month low of $48.95 and a 12-month high of $111.47. The company’s fifty day simple moving average is $96.57 and its 200 day simple moving average is $80.67.
In other Varonis Systems news, VP Gilad Raz sold 14,405 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $99.08, for a total value of $1,427,247.40. Following the completion of the sale, the vice president now directly owns 76,852 shares of the company’s stock, valued at approximately $7,614,496.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Bass sold 47,500 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $99.08, for a total transaction of $4,706,300.00. Following the completion of the sale, the executive vice president now directly owns 172,275 shares of the company’s stock, valued at $17,069,007. The disclosure for this sale can be found here. Insiders sold a total of 101,748 shares of company stock worth $10,029,973 in the last 90 days. 2.70% of the stock is currently owned by company insiders.
VRNS has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Varonis Systems in a report on Wednesday, July 1st. They issued an “overweight” rating and a $130.00 target price on the stock. Zacks Investment Research lowered shares of Varonis Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group dropped their price objective on shares of Varonis Systems from $85.00 to $70.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Barclays upped their price objective on shares of Varonis Systems from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Piper Sandler assumed coverage on shares of Varonis Systems in a report on Wednesday, June 24th. They set an “overweight” rating and a $110.00 price objective on the stock. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $99.29.
About Varonis Systems
Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.
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