Varonis Systems Company Profile (NASDAQ:VRNS)

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

Varonis Systems, Inc. (NASDAQ:VRNS) announced its earnings results on Thursday, May, 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.07. The firm earned $40.40 million during 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 business's revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.29) EPS. View Varonis Systems' Earnings History.

Varonis Systems updated 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 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.

11 analysts have issued 1-year price objectives for Varonis Systems' stock. Their predictions range from $30.00 to $43.00. On average, they expect Varonis Systems' stock price to reach $37.64 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. " (5/13/2017)
• 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)

Varonis Systems saw a decline in short interest in the month of May. As of May 31st, there was short interest totalling 432,307 shares, a decline of 36.8% from the May 15th total of 684,502 shares. Based on an average daily trading volume, of 371,814 shares, the short-interest ratio is presently 1.2 days. Approximately 2.2% of the shares of the company are sold short.

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), Fidessa Group plc (FDSA), Mitel Networks Corporation (MITL), Instructure (INST), Hortonworks (HDP), PROS Holdings (PRO), Apptio (APTI), Workiva (WK), A10 Networks (ATEN), Sapiens International Corporation N.V. (SPNS) 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 variety of of retail and institutional investors. Top institutional investors include Jennison Associates LLC (7.35%), Vanguard Group Inc. (0.00%), Emerald Advisers Inc. PA (2.70%), Penserra Capital Management LLC (0.00%), Emerald Mutual Fund Advisers Trust (2.06%) and Clearbridge Investments LLC (1.96%). 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 Morgan Stanley, Citadel Advisors LLC, JPMorgan Chase & Co., Tudor Investment Corp ET AL, Highbridge Capital Management LLC, Trexquant Investment LP, Bank of New York Mellon Corp and Bank of Montreal Can. 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 purchased by a variety of institutional investors in the last quarter, including Penserra Capital Management LLC, First Trust Advisors LP, Emerald Advisers Inc. PA, Driehaus Capital Management LLC, Vanguard Group Inc., Credit Suisse AG, Emerald Mutual Fund Advisers Trust and S Squared Technology LLC. 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 $37.25.