Varonis Systems (VRNS) Issues Q4 2018 Earnings Guidance

Varonis Systems (NASDAQ:VRNS) updated its fourth quarter 2018 earnings guidance on Monday. The company provided EPS guidance of $0.32-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29. The company issued revenue guidance of $86.5-88 million, compared to the consensus revenue estimate of $86.82 million.Varonis Systems also updated its FY 2018 guidance to $0.11-0.13 EPS.

Several brokerages recently commented on VRNS. Jefferies Financial Group reaffirmed a buy rating and issued a $92.00 price target on shares of Varonis Systems in a research note on Friday, July 20th. BidaskClub downgraded Varonis Systems from a strong-buy rating to a buy rating in a research report on Thursday, September 20th. Barclays cut their price objective on Varonis Systems from $79.00 to $74.00 and set an equal weight rating for the company in a research report on Tuesday, July 31st. Royal Bank of Canada reiterated an outperform rating and issued a $85.00 price objective on shares of Varonis Systems in a research report on Monday, July 30th. Finally, Needham & Company LLC lifted their price objective on Varonis Systems to $90.00 and gave the company a buy rating in a research report on Tuesday, July 17th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $74.00.

Shares of VRNS stock traded down $0.55 on Tuesday, reaching $60.07. 18,629 shares of the stock were exchanged, compared to its average volume of 456,138. The company has a market cap of $1.81 billion, a P/E ratio of -119.40 and a beta of 0.74. Varonis Systems has a one year low of $41.75 and a one year high of $83.10.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Monday, October 29th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.23. The company had revenue of $67.05 million during the quarter, compared to the consensus estimate of $64.47 million. Varonis Systems had a negative return on equity of 23.77% and a negative net margin of 10.52%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, analysts predict that Varonis Systems will post -0.93 EPS for the current year.

In other news, Director Thomas F. Mendoza bought 1,688 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was bought at an average price of $59.58 per share, for a total transaction of $100,571.04. Following the completion of the transaction, the director now directly owns 22,511 shares in the company, valued at approximately $1,341,205.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Guy Melamed sold 844 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $72.35, for a total value of $61,063.40. Following the sale, the chief financial officer now owns 130,212 shares of the company’s stock, valued at approximately $9,420,838.20. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.

See Also: Risk Tolerance and Your Investment Decisions

Earnings History and Estimates for Varonis Systems (NASDAQ:VRNS)

Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with's FREE daily email newsletter.

Leave a Reply