Varonis Systems (VRNS) to Release Earnings on Tuesday

Varonis Systems (NASDAQ:VRNS - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Tuesday, May 6th. Analysts expect Varonis Systems to post earnings of ($0.05) per share and revenue of $133.10 million for the quarter. Varonis Systems has set its FY 2025 guidance at 0.130-0.170 EPS and its Q1 2025 guidance at -0.060--0.040 EPS.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.24). Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. On average, analysts expect Varonis Systems to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Varonis Systems Trading Up 0.7 %

NASDAQ VRNS traded up $0.30 on Friday, reaching $43.01. The company had a trading volume of 734,606 shares, compared to its average volume of 1,522,007. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of -50.01 and a beta of 0.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24. Varonis Systems has a fifty-two week low of $36.53 and a fifty-two week high of $60.58. The business has a 50 day moving average of $41.09 and a two-hundred day moving average of $45.42.

Varonis Systems declared that its board has approved a share buyback program on Monday, February 10th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VRNS shares. StockNews.com raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Morgan Stanley reduced their price objective on shares of Varonis Systems from $54.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Wolfe Research upgraded shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. reduced their price target 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. Finally, Cantor Fitzgerald began coverage on shares of Varonis Systems in a report on Thursday, January 9th. They set an "overweight" rating and a $60.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $56.00.

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.