Cantor Fitzgerald Forecasts Varonis Systems FY2026 Earnings

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) - Equities researchers at Cantor Fitzgerald decreased their FY2026 earnings per share (EPS) estimates for shares of Varonis Systems in a research note issued to investors on Wednesday, July 30th. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the technology company will earn ($0.70) per share for the year, down from their prior forecast of ($0.65). Cantor Fitzgerald currently has a "Overweight" rating and a $60.00 target price on the stock. The consensus estimate for Varonis Systems' current full-year earnings is ($0.83) per share.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%. The firm's revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS.

Several other brokerages also recently commented on VRNS. UBS Group raised their price objective on Varonis Systems from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their target price on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 28th. DA Davidson increased their target price on Varonis Systems from $47.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Robert W. Baird increased their target price on Varonis Systems from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company increased their target price on Varonis Systems from $46.00 to $51.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $57.31.

Varonis Systems Trading Down 2.0%

Varonis Systems stock traded down $1.11 during mid-day trading on Friday, hitting $55.37. 638,618 shares of the company's stock were exchanged, compared to its average volume of 1,568,676. The firm has a market capitalization of $6.20 billion, a P/E ratio of -60.21 and a beta of 0.71. Varonis Systems has a fifty-two week low of $36.53 and a fifty-two week high of $60.58. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32. The company's 50 day simple moving average is $50.76 and its 200-day simple moving average is $45.51.

Institutional Investors Weigh In On Varonis Systems

Several hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Varonis Systems in the fourth quarter valued at approximately $56,561,000. Voya Investment Management LLC raised its position in shares of Varonis Systems by 98.6% in the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company's stock valued at $93,897,000 after buying an additional 1,152,687 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Varonis Systems by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company's stock valued at $165,231,000 after buying an additional 848,408 shares in the last quarter. RGM Capital LLC raised its position in shares of Varonis Systems by 45.5% in the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company's stock valued at $109,479,000 after buying an additional 846,475 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Varonis Systems by 319.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company's stock valued at $48,606,000 after buying an additional 740,114 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Guy Melamed sold 51,889 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $55.10, for a total value of $2,859,083.90. Following the completion of the sale, the chief financial officer directly owned 470,602 shares in the company, valued at approximately $25,930,170.20. This trade represents a 9.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the sale, the director owned 128,666 shares of the company's stock, valued at $7,086,923.28. This trade represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,889 shares of company stock valued at $3,324,324 over the last quarter. 2.30% of the stock is currently owned by company 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.