Cantor Fitzgerald Predicts Varonis Systems FY2025 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Equities researchers at Cantor Fitzgerald lowered their FY2025 EPS estimates for Varonis Systems in a research note issued to investors on Tuesday, June 10th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the technology company will earn ($0.84) per share for the year, down from their previous estimate of ($0.81). Cantor Fitzgerald has a "Overweight" rating and a $60.00 price objective on the stock. The consensus estimate for Varonis Systems' current full-year earnings is ($0.83) per share.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Wolfe Research upgraded shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price target for the company in a report on Friday, March 28th. Barclays dropped their target price on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, April 14th. UBS Group boosted their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group dropped their price target on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.06.

Varonis Systems Price Performance

Shares of VRNS stock traded down $0.93 during mid-day trading on Thursday, hitting $49.30. 1,614,088 shares of the stock were exchanged, compared to its average volume of 1,535,433. The firm has a fifty day moving average of $44.54 and a 200 day moving average of $44.36. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. Varonis Systems has a 52-week low of $36.53 and a 52-week high of $60.58. The company has a market cap of $5.52 billion, a PE ratio of -57.32 and a beta of 0.76.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Varonis Systems in the 4th quarter worth about $36,000. Johnson Financial Group Inc. acquired a new position in shares of Varonis Systems in the 4th quarter worth approximately $61,000. Transce3nd LLC acquired a new position in shares of Varonis Systems in the 4th quarter worth approximately $62,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Varonis Systems in the first quarter worth approximately $69,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Varonis Systems in the fourth quarter worth approximately $70,000. 95.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Den Bosch Fred Van sold 6,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. Following the completion of the sale, the director now directly owns 131,666 shares of the company's stock, valued at approximately $6,583,300. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

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.