What is KeyCorp’s Estimate for Varonis Systems Q2 Earnings?

Varonis Systems, Inc. (NASDAQ:VRNS) – Equities researchers at KeyCorp issued their Q2 2026 earnings per share estimates for shares of Varonis Systems in a research note issued to investors on Monday, May 25th. KeyCorp analyst E. Heath expects that the technology company will post earnings of ($0.25) per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($1.05) per share. KeyCorp also issued estimates for Varonis Systems’ Q3 2026 earnings at ($0.25) EPS, Q4 2026 earnings at ($0.23) EPS, FY2026 earnings at ($0.93) EPS, Q1 2027 earnings at ($0.23) EPS, Q2 2027 earnings at ($0.24) EPS, Q3 2027 earnings at ($0.22) EPS, Q4 2027 earnings at ($0.18) EPS, FY2027 earnings at ($0.87) EPS and FY2028 earnings at ($0.82) EPS.

Other equities analysts have also issued reports about the stock. Barclays lifted their target price on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Stephens lifted their target price on shares of Varonis Systems from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. William Blair reiterated a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. Needham & Company LLC lifted their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wedbush lifted their target price on shares of Varonis Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Varonis Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.35.

Varonis Systems Price Performance

VRNS stock opened at $31.81 on Friday. The firm has a 50 day moving average price of $25.42 and a 200-day moving average price of $28.46. Varonis Systems has a 52-week low of $19.70 and a 52-week high of $63.90. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -27.90 and a beta of 0.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.Varonis Systems’s revenue was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS.

Hedge Funds Weigh In On Varonis Systems

Hedge funds have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. raised its stake in Varonis Systems by 146.3% during the 3rd quarter. Hodges Capital Management Inc. now owns 126,450 shares of the technology company’s stock valued at $7,267,000 after buying an additional 75,120 shares during the last quarter. Readystate Asset Management LP purchased a new stake in Varonis Systems during the 3rd quarter valued at $13,731,000. Vanguard Group Inc. raised its stake in Varonis Systems by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock valued at $440,119,000 after buying an additional 822,925 shares during the last quarter. Elo Mutual Pension Insurance Co purchased a new stake in Varonis Systems during the 3rd quarter valued at $1,477,000. Finally, Ion Asset Management Ltd. purchased a new stake in Varonis Systems during the 3rd quarter valued at $5,172,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

More Varonis Systems News

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: Varonis has gained momentum since its last earnings report, with a recent article highlighting that the stock is up 10.8% over the past month, suggesting investors are still responding favorably to its latest results and outlook. Article Title
• Neutral Sentiment: KeyCorp initiated/updated coverage with a “Sector Weight” rating and issued earnings estimates that, while still negative, show expected losses gradually narrowing over time. That suggests a cautious stance rather than a strong bullish or bearish call. Article Title
• Neutral Sentiment: KeyCorp’s new projections for Varonis’ upcoming quarters and fiscal years mostly reaffirm continued non-GAAP losses, with FY2026 EPS estimated at ($0.93), FY2027 at ($0.87), and FY2028 at ($0.82). The estimates are near consensus and do not appear to be a major positive or negative surprise.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.