$0.34 Earnings Per Share Expected for Varonis Systems Inc (VRNS) This Quarter

Equities research analysts forecast that Varonis Systems Inc (NASDAQ:VRNS) will post earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Varonis Systems’ earnings. The highest EPS estimate is $0.34 and the lowest is $0.33. Varonis Systems posted earnings per share of $0.36 in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.6%. The business is scheduled to issue its next earnings results after the market closes on Monday, February 11th.

On average, analysts expect that Varonis Systems will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.13. For the next financial year, analysts anticipate that the firm will report earnings of $0.31 per share, with EPS estimates ranging from $0.25 to $0.39. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Varonis Systems.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Monday, October 29th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.23. The company had revenue of $67.05 million for the quarter, compared to analysts’ expectations of $64.47 million. Varonis Systems had a negative return on equity of 26.27% and a negative net margin of 11.53%. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share.

Several analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Varonis Systems in a report on Thursday, October 18th. They set an “outperform” rating and a $75.00 price target on the stock. Morgan Stanley set a $70.00 target price on Varonis Systems and gave the company a “hold” rating in a report on Friday, October 19th. Wedbush began coverage on Varonis Systems in a report on Thursday, October 18th. They issued a “neutral” rating and a $65.00 target price on the stock. Finally, BidaskClub cut Varonis Systems from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $73.88.

Several institutional investors have recently bought and sold shares of VRNS. AMP Capital Investors Ltd acquired a new position in shares of Varonis Systems during the second quarter worth approximately $209,000. First Republic Investment Management Inc. acquired a new position in shares of Varonis Systems during the second quarter worth approximately $213,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Varonis Systems during the third quarter worth approximately $243,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Varonis Systems during the third quarter worth approximately $265,000. Finally, United Services Automobile Association raised its position in shares of Varonis Systems by 27.0% during the third quarter. United Services Automobile Association now owns 4,243 shares of the technology company’s stock worth $311,000 after purchasing an additional 902 shares during the period. Hedge funds and other institutional investors own 84.11% of the company’s stock.

Shares of NASDAQ:VRNS traded up $1.40 during midday trading on Friday, hitting $52.15. 312,535 shares of the stock were exchanged, compared to its average volume of 234,619. The stock has a market cap of $1.54 billion, a P/E ratio of -104.30 and a beta of 0.95. Varonis Systems has a 12 month low of $48.67 and a 12 month high of $83.10.

About Varonis Systems

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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