Varonis Systems (VRNS) Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Varonis Systems in the last year. There are currently 1 sell rating, 11 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research 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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21 brokerages have issued 12-month price objectives for Varonis Systems' stock. Their VRNS share price forecasts range from $20.00 to $63.00. On average, they anticipate the company's stock price to reach $30.95 in the next year. This suggests a possible upside of 20.7% 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 7.1% and is now trading at $25.65.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our VRNS earnings forecast.

Varonis Systems, Inc. (NASDAQ:VRNS) issued its quarterly earnings data on Monday, May, 1st. The technology company reported ($0.33) earnings per share for the quarter, meeting the consensus estimate of ($0.33). The technology company had revenue of $107.34 million for the quarter, compared to analysts' expectations of $107.26 million. Varonis Systems had a negative trailing twelve-month return on equity of 21.70% and a negative net margin of 23.53%.

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), BlueStar Israel Technology ETF (ITEQ), SPDR Kensho Future Security ETF (FITE), First Trust Nasdaq Cybersecurity ETF (CIBR), ROBO Global Artificial Intelligence ETF (THNQ) and VanEck Israel ETF (ISRA).

Varonis Systems shares split before market open on Monday, March 15th 2021. The 3-1 split was announced on Monday, February 8th 2021. The newly minted shares were payable to shareholders after the market closes 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 FY23 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $0.30-$0.34 for the period, compared to the consensus EPS estimate of $0.34. The company issued revenue guidance of $510-$520 million, compared to the consensus revenue estimate of $524.99 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 many different institutional and retail investors. Top institutional shareholders include William Blair Investment Management LLC (4.31%), First Trust Advisors LP (3.40%), Clearbridge Investments LLC (3.27%), Macquarie Group Ltd. (2.26%), State Street Corp (2.19%) and Geode Capital Management LLC (1.92%). 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 $25.65.

Varonis Systems (NASDAQ:VRNS) has a market capitalization of $2.81 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 ($1.04) 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.