Varonis Systems (VRNS) Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Varonis Systems in the last year. There are currently 1 sell rating, 9 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" VRNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VRNS, but not buy additional shares or sell existing shares.
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20 brokers have issued 12 month target prices for Varonis Systems' shares. Their VRNS share price forecasts range from $25.00 to $63.00. On average, they anticipate the company's stock price to reach $33.42 in the next year. This suggests a possible upside of 7.8% from the stock's current price.
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Varonis Systems' stock was trading at $23.94 at the beginning of the year. Since then, VRNS shares have increased by 29.5% and is now trading at $31.00.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
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Varonis Systems, Inc. (NASDAQ:VRNS) posted its quarterly earnings results on Monday, July, 31st. The technology company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.27) by $0.08. The technology company earned $115.42 million during the quarter, compared to the consensus estimate of $119.21 million. Varonis Systems had a negative net margin of 23.83% and a negative trailing twelve-month return on equity of 22.30%.

ETFs with the largest weight of Varonis Systems (NASDAQ:VRNS) stock in their portfolio include Global X Cybersecurity ETF (BUG), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), SPDR Kensho Future Security ETF (FITE), First Trust Nasdaq Cybersecurity ETF (CIBR), ROBO Global Artificial Intelligence ETF (THNQ), ETFMG Prime Cyber Security ETF (HACK) and SPDR FactSet Innovative Technology ETF (XITK).

Varonis Systems shares split on the morning of Monday, March 15th 2021. The 3-1 split was announced on Monday, February 8th 2021. The newly issued shares were payable to shareholders after the closing bell on Friday, March 12th 2021. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

Varonis Systems issued an update on its third quarter 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share (EPS) guidance of $0.02-$0.03 for the period, compared to the consensus EPS estimate of $0.09. The company issued revenue guidance of $123.50 million-$127.00 million, compared to the consensus revenue estimate of $133.42 million.

332 employees have rated Varonis Systems Chief Executive Officer Yaki Faitelson on Glassdoor.com. Yaki Faitelson has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Varonis Systems investors own include Block (SQ), Okta (OKTA), NVIDIA (NVDA), Shopify (SHOP), Netflix (NFLX), Alibaba Group (BABA), PayPal (PYPL), Walt Disney (DIS), Tesla (TSLA) and Arista Networks (ANET).

Varonis Systems trades on the NASDAQ under the ticker symbol "VRNS."

Varonis Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (3.32%), William Blair Investment Management LLC (2.78%), Cadian Capital Management LP (2.42%), State Street Corp (2.29%), Geode Capital Management LLC (2.01%) and RGM Capital LLC (1.65%). Insiders that own company stock include Avrohom J Kess, David Bass, Den Bosch Fred Van, Dov Gottlieb, Gilad Raz, Gili Iohan, Guy Melamed, James O'boyle, Kevin E Comolli, Ofer Segev, Thomas F Mendoza and Yakov Faitelson.
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Shares of VRNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VRNS stock can currently be purchased for approximately $31.00.

Varonis Systems (NASDAQ:VRNS) has a market capitalization of $3.40 billion and generates $473.63 million in revenue each year. The technology company earns $-124,520,000.00 in net income (profit) each year or ($1.06) on an earnings per share basis.

The company employs 2,143 workers across the globe.

Varonis Systems' mailing address is 1250 Broadway 29th Floor, New York NY, 10001. The official website for the company is www.varonis.com. The technology company can be reached via phone at (877) 292-8767, via email at investors@varonis.com, or via fax at 212-695-7010.