Varonis Systems (NASDAQ:VRNS) Releases Earnings Results, Misses Estimates By $0.26 EPS

Varonis Systems (NASDAQ:VRNS) announced its earnings results on Tuesday. The technology company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.26), Zacks reports. Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. The company had revenue of $136.42 million during the quarter, compared to analysts’ expectations of $133.10 million. During the same quarter last year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. Varonis Systems updated its FY 2025 guidance to 0.140-0.170 EPS and its Q2 2025 guidance to 0.000-0.010 EPS.

Varonis Systems Stock Up 2.2 %

VRNS stock opened at $45.27 on Thursday. Varonis Systems has a twelve month low of $36.53 and a twelve month high of $60.58. The business has a 50 day moving average of $41.20 and a 200 day moving average of $45.31. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. The firm has a market cap of $5.07 billion, a PE ratio of -52.63 and a beta of 0.79.

Varonis Systems announced that its board has initiated a stock buyback program on Monday, February 10th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

VRNS has been the subject of several research analyst reports. StockNews.com raised shares of Varonis Systems from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 price objective on shares of Varonis Systems in a research note on Wednesday. UBS Group lifted their price target on Varonis Systems from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group reduced their target price on shares of Varonis Systems from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $67.00 price objective on shares of Varonis Systems in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and an average target price of $55.06.

About Varonis Systems

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.