FY2025 EPS Estimate for Varonis Systems Boosted by Analyst

Key Points

• DA Davidson has increased its FY2025 EPS estimate for Varonis Systems from ($0.85) to ($0.84), while maintaining a "Neutral" rating and setting a price target of $50.00.
• Varonis reported $0.03 EPS for the latest quarter, beating estimates, and its revenue rose 16.7% year-over-year to $152.16 million.
• The stock has an average price target of $57.31, with several analysts giving Varonis a "buy" rating, indicating a strong market outlook for the company.

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Stock analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of Varonis Systems in a research note issued on Wednesday, July 30th. DA Davidson analyst R. Kessinger now expects that the technology company will post earnings per share of ($0.84) for the year, up from their previous forecast of ($0.85). DA Davidson currently has a "Neutral" rating and a $50.00 price objective on the stock. The consensus estimate for Varonis Systems' current full-year earnings is ($0.83) per share. DA Davidson also issued estimates for Varonis Systems' FY2026 earnings at ($0.72) EPS.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Varonis Systems had a negative return on equity of 22.01% and a negative net margin of 17.30%. The business had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. During the same quarter last year, the firm earned $0.05 EPS. Varonis Systems's revenue for the quarter was up 16.7% compared to the same quarter last year.

Several other equities research analysts have also issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $60.00 price target on shares of Varonis Systems in a research note on Tuesday, July 22nd. Barclays upped their target price on Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Wednesday. Wall Street Zen upgraded Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Jefferies Financial Group upgraded Varonis Systems from a "hold" rating to a "buy" rating and upped their price objective for the stock from $50.00 to $65.00 in a research note on Thursday, July 24th. Finally, Robert W. Baird increased their price objective on Varonis Systems from $58.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.31.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $55.83 on Friday. Varonis Systems has a 12 month low of $36.53 and a 12 month high of $60.58. The company's fifty day simple moving average is $50.60 and its 200-day simple moving average is $45.45. The firm has a market cap of $6.25 billion, a PE ratio of -60.68 and a beta of 0.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.23.

Insiders Place Their Bets

In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $300,000.00. Following the transaction, the director owned 131,666 shares in the company, valued at $6,583,300. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Varonis Systems

Institutional investors have recently modified their holdings of the business. Quarry LP acquired a new stake in Varonis Systems in the 4th quarter worth about $36,000. Johnson Financial Group Inc. bought a new position in shares of Varonis Systems during the fourth quarter worth approximately $61,000. Transce3nd LLC bought a new position in shares of Varonis Systems during the fourth quarter worth approximately $62,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Varonis Systems in the first quarter valued at approximately $69,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Varonis Systems in the fourth quarter valued at approximately $70,000. Institutional investors own 95.65% of the company's stock.

About Varonis Systems

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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