Varonis Systems (VRNS) Set to Announce Quarterly Earnings on Monday

Varonis Systems (NASDAQ:VRNS) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The business had revenue of $154.10 million for the quarter, compared to analyst estimates of $151.64 million. Varonis Systems had a negative net margin of 20.22% and a negative return on equity of 20.04%. On average, analysts expect Varonis Systems to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Varonis Systems Price Performance

Shares of Varonis Systems stock opened at $45.33 on Monday. The firm has a market cap of $5.06 billion, a PE ratio of -49.27 and a beta of 0.85. Varonis Systems has a 12-month low of $22.34 and a 12-month high of $52.88. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $47.54 and its two-hundred day simple moving average is $43.73.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VRNS shares. JMP Securities reissued a “market outperform” rating and issued a $63.00 price target on shares of Varonis Systems in a report on Monday, February 5th. DA Davidson reaffirmed a “neutral” rating and issued a $45.00 target price (up from $37.00) on shares of Varonis Systems in a research report on Thursday, January 18th. Citigroup raised their target price on shares of Varonis Systems from $35.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Stephens reaffirmed an “overweight” rating and issued a $55.00 target price on shares of Varonis Systems in a research report on Tuesday, February 6th. Finally, Wedbush raised shares of Varonis Systems from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $35.00 to $65.00 in a research report on Tuesday, February 6th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.81.

Insider Activity at Varonis Systems

In related news, VP Dov Gottlieb sold 43,091 shares of Varonis Systems stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $48.02, for a total transaction of $2,069,229.82. Following the completion of the transaction, the vice president now directly owns 227,654 shares of the company’s stock, valued at approximately $10,931,945.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Varonis Systems news, Director Gili Iohan sold 19,500 shares of Varonis Systems stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $50.54, for a total value of $985,530.00. Following the completion of the transaction, the director now directly owns 19,263 shares of the company’s stock, valued at $973,552.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dov Gottlieb sold 43,091 shares of Varonis Systems stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $48.02, for a total transaction of $2,069,229.82. Following the completion of the transaction, the vice president now directly owns 227,654 shares of the company’s stock, valued at $10,931,945.08. The disclosure for this sale can be found here. Insiders sold a total of 372,419 shares of company stock valued at $18,571,413 in the last three months. Company insiders own 2.40% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.