Varonis Systems FY2026 EPS Forecast Cut by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has lowered its FY2026 EPS forecast for Varonis Systems to ($0.70) from ($0.65), maintaining an "Overweight" rating with a $60 price objective.
• Analysts show mixed sentiment, with some increasing price targets while others, like JPMorgan Chase, reduced their target to $45, indicating varied expectations for the stock.
• In the most recent quarter, Varonis reported earnings of $0.03 per share, exceeding estimates, with a revenue increase of 16.7% compared to the same quarter last year.

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Cantor Fitzgerald dropped their FY2026 earnings estimates for shares of Varonis Systems in a report released on Wednesday, July 30th. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the technology company will post earnings of ($0.70) per share for the year, down from their previous estimate of ($0.65). 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.

Other equities research analysts have also issued research reports about the stock. Susquehanna increased their price objective on shares of Varonis Systems from $55.00 to $65.00 and gave the stock a "positive" rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Needham & Company LLC increased their price objective on shares of Varonis Systems from $60.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday. Wedbush increased their price objective on shares of Varonis Systems from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, DA Davidson increased their price objective on shares of Varonis Systems from $47.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.31.

Varonis Systems Stock Performance

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

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

Institutional Investors Weigh In On Varonis Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Varonis Systems during the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new position in shares of Varonis Systems during the 4th quarter valued at $61,000. Transce3nd LLC bought a new position in shares of Varonis Systems during the 4th quarter valued at $62,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Varonis Systems during the 1st quarter valued at $69,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Varonis Systems during the 4th quarter valued at $70,000. Hedge funds and other institutional investors own 95.65% of the company's stock.

Insider Activity at Varonis Systems

In related news, Director Den Bosch Fred Van sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $300,000.00. Following the completion of the sale, the director owned 131,666 shares in the company, valued at approximately $6,583,300. This represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.