Varonis Systems (VRNS) Expected to Announce Earnings on Tuesday

Varonis Systems (NASDAQ:VRNS) is anticipated to post its Q1 2025 quarterly earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $133.10 million for the quarter. Varonis Systems has set its FY 2025 guidance at 0.130-0.170 EPS and its Q1 2025 guidance at -0.060–0.040 EPS.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.24). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. 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 Stock Performance

Shares of NASDAQ:VRNS opened at $43.01 on Friday. The company has a market cap of $4.81 billion, a P/E ratio of -50.01 and a beta of 0.79. The business’s 50-day simple moving average is $41.09 and its 200 day simple moving average is $45.52. Varonis Systems has a one year low of $36.53 and a one year high of $60.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24.

Varonis Systems announced that its Board of Directors has authorized a share repurchase plan on Monday, February 10th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on VRNS shares. JPMorgan Chase & Co. dropped their price target on Varonis Systems from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Citigroup reduced their price target on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company dropped their price objective on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley decreased their target price on Varonis Systems from $54.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Barclays dropped their price target on Varonis Systems from $60.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

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.