Varonis Systems Company Profile (NASDAQ:VRNS)

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

Varonis Systems, Inc. (NASDAQ:VRNS) released its quarterly earnings data on Thursday, August, 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company earned $50.20 million during the quarter, compared to the consensus estimate of $47.50 million. Varonis Systems had a negative net margin of 9.03% and a negative return on equity of 20.94%. Varonis Systems's revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) earnings per share. View Varonis Systems' Earnings History.

Varonis Systems is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Varonis Systems.

Varonis Systems issued an update on its FY17 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.07-$0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.00. The company issued revenue guidance of $205-$207 million, compared to the consensus revenue estimate of $202.90 million.Varonis Systems also updated its Q3 guidance to ($0.01)-$0.00 EPS.

10 brokers have issued 1-year price targets for Varonis Systems' stock. Their predictions range from $35.00 to $48.00. On average, they anticipate Varonis Systems' share price to reach $43.33 in the next year. View Analyst Ratings for Varonis Systems.

Here are some recent quotes from research analysts about Varonis Systems stock:

• 1. According to Zacks Investment Research, "Varonis Systems Inc. provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Its products include DatAdvantage, DataPrivilege, IDU Classification Framework, Data Transport Engine and DatAnywhere. The company sells its products to small and medium businesses, and large multinational enterprises in financial services, consumer and retail, industrial, healthcare, and energy and utilities industries. Varonis Systems Inc. is headquartered in New York. " (8/10/2017)
• 2. Imperial Capital analysts commented, "We are maintaining our Outperform rating on VRNS shares and one-year price target of $35. Our price target implies potential upside of 25% above recent levels. We believe VRNS is benefiting from expanding awareness of the need to rapidly detect abnormal user behavior and unusual interactions to protect data and control access. While several transactions were delayed in 4Q16, we highlight the company's strong growth in license revenue (up 23% year-over-year [yoy]), exceeding our estimates and consensus. We continue to look for potential upside from expanding adoption of multiple products, with significant opportunities for add-on sales across various platforms. On 2/8/17, VRNS announced the planned departure of CFO Gili Iohan, effective 3/31/17, who will be immediately succeeded by Guy Melamed (VP of Finance). We see nominal disruption, given his familiarity of the organization since 2011." (2/13/2017)
• 3. Stifel Nicolaus analysts commented, "On Wednesday, February 8, after the market close, Varonis reported 4Q16 results that came in ahead of expectations across all relevant metrics. In what's becoming a bit of a pattern, Varonis continued to benefit from enterprise awareness surrounding the need for solutions designed to mitigate insider threats as well as increased awareness regarding both ransomware and data privacy initiatives. Interestingly, we note that Varonis was able to deliver a clean beat despite a handful of headwinds, including a tougher than expected quarter in EMEA (4% y/y growth) and currency headwinds (2% impact to the top-line). As we look forward, we are pleased with the ongoing traction with the company's DatAlert add-on and see a growing number of relevant use-cases that should help sustain growth in 2017." (2/9/2017)
• 4. Jefferies Group LLC analysts commented, "VRNS reported another impressive Q, exceeding both rev and EPS estimates. Q1 guidance was above expectations. 23% license growth was down from 34% in the prior period, although still impressive given a tough comp. VP of Finance Guy Melamed will assume CFO responsibilities on April 1. We continue to view VRNS as a unique asset addressing significant needs across IT, including security associated with internal threats." (2/9/2017)

Some companies that are related to Varonis Systems include Envestnet (ENV), The Descartes Systems Group (DSGX), Ebix (EBIX), Q2 Holdings (QTWO), Luxoft Holding (LXFT), AppFolio (APPF), MicroStrategy Incorporated (MSTR), Appian Corporation (APPN), Talend S.A. (TLND), Hortonworks (HDP), Benefitfocus (BNFT), Mitel Networks Corporation (MITL), Instructure (INST), Workiva (WK), Fidessa Group plc (FDSA), PROS Holdings (PRO), Apptio (APTI) and QAD (QADA).

Varonis Systems' management team includes the folowing people:

• Yakov Faitelson, Chairman of the Board, President, Chief Executive Officer, Co-Founder
• Yehuda Ohad Korkus, Co-Founder, Chief Technology Officer, Director
• Guy Melamed, Chief Financial Officer
• James O'Boyle, Senior Vice President - Worldwide Sales
• Thomas F. Mendoza, Director
• Ofer Segev, Director
• Kevin Comolli, Independent Director
• John J. Gavin Jr., CPA., Independent Director
• Rona Segev-Gal, Independent Director

Varonis Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (6.86%), Ion Asset Management Ltd. (3.81%), Vanguard Group Inc. (3.04%), Emerald Advisers Inc. PA (2.78%), Russell Investments Group Ltd. (2.33%) and Emerald Mutual Fund Advisers Trust (2.13%). Company insiders that own Varonis Systems stock include Gili Iohan, Guy Melamed, Iv LP Evergreen, James O'boyle, Ohad Korkus, Pitango Venture Capital Fund I, Pitango Venture Capital Princi, Rona Segev-Gal, Thomas F Mendoza and Yakov Faitelson. View Institutional Ownership Trends for Varonis Systems.

Varonis Systems' stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, Jennison Associates LLC, Intrinsic Edge Capital Management LLC, Eagle Asset Management Inc., Menta Capital LLC, Hussman Strategic Advisors Inc. and GSA Capital Partners LLP. Company insiders that have sold Varonis Systems stock in the last year include Gili Iohan, Guy Melamed, Iv LP Evergreen, James O'boyle, Ohad Korkus, Pitango Venture Capital Fund I, Pitango Venture Capital Princi, Rona Segev-Gal and Yakov Faitelson. View Insider Buying and Selling for Varonis Systems.

Varonis Systems' stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., ETF Managers Group LLC, Renaissance Technologies LLC, UBS Asset Management Americas Inc., Castleark Management LLC, William Blair Investment Management LLC, Columbus Circle Investors and Picton Mahoney Asset Management. View Insider Buying and Selling for Varonis Systems.

Shares of Varonis Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Varonis Systems stock can currently be purchased for approximately $40.95.