FY2025 EPS Forecast for Varonis Systems Decreased by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS) – Equities research analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Varonis Systems in a report issued on Wednesday, May 7th. DA Davidson analyst R. Kessinger now anticipates that the technology company will post earnings per share of ($0.85) for the year, down from their prior estimate of ($0.84). The consensus estimate for Varonis Systems’ current full-year earnings is ($0.83) per share. DA Davidson also issued estimates for Varonis Systems’ FY2026 earnings at ($0.71) EPS.

Several other equities analysts also recently commented on the stock. UBS Group boosted their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley cut their price target on Varonis Systems from $54.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on Varonis Systems from $55.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Cantor Fitzgerald restated an “overweight” rating and set a $60.00 target price on shares of Varonis Systems in a research note on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.06.

Varonis Systems Trading Down 0.4 %

Shares of VRNS stock opened at $45.30 on Friday. Varonis Systems has a fifty-two week low of $36.53 and a fifty-two week high of $60.58. The company has a 50 day moving average price of $41.35 and a 200 day moving average price of $45.13. The stock has a market capitalization of $5.07 billion, a P/E ratio of -52.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.26). The firm had revenue of $136.42 million for the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. Varonis Systems’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VRNS. CenterBook Partners LP grew its holdings in shares of Varonis Systems by 2.6% during the first quarter. CenterBook Partners LP now owns 27,862 shares of the technology company’s stock worth $1,127,000 after buying an additional 713 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Varonis Systems by 45.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company’s stock valued at $182,000 after purchasing an additional 1,401 shares during the period. XTX Topco Ltd raised its stake in shares of Varonis Systems by 45.5% during the first quarter. XTX Topco Ltd now owns 11,177 shares of the technology company’s stock worth $452,000 after purchasing an additional 3,497 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Varonis Systems during the first quarter worth $1,985,000. Finally, Mackenzie Financial Corp grew its position in Varonis Systems by 234.0% in the 1st quarter. Mackenzie Financial Corp now owns 23,947 shares of the technology company’s stock valued at $969,000 after buying an additional 16,777 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems announced that its board has approved a stock buyback program on Monday, February 10th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.