Analysts Offer Predictions for Varonis Systems Q2 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Research analysts at DA Davidson issued their Q2 2025 earnings estimates for Varonis Systems in a report released on Wednesday, May 7th. DA Davidson analyst R. Kessinger forecasts that the technology company will post earnings per share of ($0.24) for the quarter. The consensus estimate for Varonis Systems' current full-year earnings is ($0.83) per share.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company decreased their target price on Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 price objective on shares of Varonis Systems in a research note on Wednesday. Royal Bank of Canada raised their price target on shares of Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday. Needham & Company LLC restated a "buy" rating and set a $67.00 target price on shares of Varonis Systems in a research note on Wednesday, February 5th. Finally, Citigroup reduced their price target on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.06.

Varonis Systems Price Performance

VRNS opened at $45.27 on Thursday. The company has a 50 day moving average of $41.20 and a two-hundred day moving average of $45.31. Varonis Systems has a 52-week low of $36.53 and a 52-week high of $60.58. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. The company has a market cap of $5.07 billion, a P/E ratio of -52.63 and a beta of 0.79.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.26). The firm had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. Varonis Systems's revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS.

Institutional Trading of Varonis Systems

A number of large investors have recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its stake in Varonis Systems by 0.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 85,255 shares of the technology company's stock valued at $3,449,000 after purchasing an additional 284 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Varonis Systems by 7.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock valued at $193,000 after purchasing an additional 298 shares in the last quarter. Teza Capital Management LLC grew its stake in shares of Varonis Systems by 3.1% in the 4th quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock worth $437,000 after purchasing an additional 299 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Varonis Systems by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company's stock worth $512,000 after purchasing an additional 365 shares in the last quarter. Finally, Bailard Inc. lifted its stake in Varonis Systems by 0.4% during the fourth quarter. Bailard Inc. now owns 93,627 shares of the technology company's stock valued at $4,160,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Varonis Systems announced that its Board of Directors has authorized a share buyback program on Monday, February 10th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Varonis Systems Company Profile

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.

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