Varonis Systems Company Profile (NASDAQ:VRNS)

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

Varonis Systems, Inc. (NASDAQ:VRNS) posted its quarterly earnings data on Thursday, May, 4th. The company reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.30) by $0.07. The business had revenue of $40.40 million for the quarter, compared to analyst estimates of $37.45 million. Varonis Systems had a negative return on equity of 23.33% and a negative net margin of 10.46%. The company's revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) earnings per share. View Varonis Systems' Earnings History.

Varonis Systems is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for Varonis Systems.

Varonis Systems issued an update on its FY17 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of ($0.03)-$0.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.09). The company issued revenue guidance of $201-$204 million, compared to the consensus revenue estimate of $198.62 million.Varonis Systems also updated its Q2 guidance to ($0.09)-($0.08) EPS.

10 brokers have issued 12-month target prices for Varonis Systems' stock. Their forecasts range from $33.00 to $45.00. On average, they expect Varonis Systems' stock price to reach $39.40 in the next twelve months. 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. " (7/5/2017)
• 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 The Descartes Systems Group (DSGX), Ebix (EBIX), Envestnet (ENV), Q2 Holdings (QTWO), Luxoft Holding (LXFT), AppFolio (APPF), Benefitfocus (BNFT), Talend S.A. (TLND), PROS Holdings (PRO), Mitel Networks Corporation (MITL), Instructure (INST), Fidessa Group plc (FDSA), Hortonworks (HDP), Workiva (WK), Apptio (APTI), Sapiens International Corporation N.V. (SPNS), Xactly Corp (XTLY) 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 a number of of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (2.33%), Bank of Montreal Can (0.46%), P.A.W. Capital Corp (0.28%), Strs Ohio (0.08%), Regentatlantic Capital LLC (0.06%) and State Treasurer State of Michigan (0.05%). 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 Regentatlantic Capital LLC and Strs Ohio. 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., Bank of Montreal Can, P.A.W. Capital Corp and State Treasurer State of Michigan. 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 $38.40.