Equities research analysts forecast that Varonis Systems Inc (NASDAQ:VRNS) will report earnings of $0.34 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Varonis Systems’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.34. Varonis Systems reported earnings of $0.36 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.6%. The company is expected to report its next quarterly earnings report on Monday, February 11th.

On average, analysts expect that Varonis Systems will report full-year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.11 to $0.13. For the next year, analysts expect that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.25 to $0.39. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Varonis Systems.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly 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. Varonis Systems had a negative return on equity of 26.27% and a negative net margin of 11.53%. The company had revenue of $67.05 million during the quarter, compared to analysts’ expectations of $64.47 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 25.7% compared to the same quarter last year.

VRNS has been the subject of a number of analyst reports. BidaskClub cut Varonis Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. Needham & Company LLC boosted their price target on Varonis Systems to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Morgan Stanley reduced their price target on Varonis Systems from $70.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 30th. Wedbush reaffirmed a “hold” rating and issued a $68.00 price target on shares of Varonis Systems in a research report on Tuesday, October 30th. Finally, Robert W. Baird assumed coverage on Varonis Systems in a research report on Thursday, October 18th. They issued an “outperform” rating and a $75.00 price target for the company. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Varonis Systems currently has a consensus rating of “Buy” and an average target price of $73.88.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AMP Capital Investors Ltd acquired a new position in shares of Varonis Systems during the 2nd quarter worth about $209,000. First Republic Investment Management Inc. acquired a new position in shares of Varonis Systems during the 2nd quarter worth about $213,000. Capital Fund Management S.A. acquired a new position in shares of Varonis Systems during the 2nd quarter worth about $238,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Varonis Systems during the 3rd quarter worth about $243,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Varonis Systems during the 2nd quarter worth about $260,000. 84.14% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:VRNS opened at $57.44 on Tuesday. Varonis Systems has a fifty-two week low of $47.00 and a fifty-two week high of $83.10. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -114.88 and a beta of 0.93.

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.

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

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