Varonis Systems Stock: SaaS Transition In On Track NASDAQ:VRNS

The company provided earnings per share guidance of $0.02-$0.03 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $123.50 million-$127.00 million, compared to the consensus revenue estimate of $133.42 million. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.

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The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Effortlessly eliminate cloud data exposure with the industry’s first fully autonomous remediation engine Effortlessly eliminate cloud data exposure with the industry’s first fully autonomous remediati… Varonis’ annual channel awards honor partners that have gone above and beyond to safeguard data for customers worldwide Varonis’ annual channel awards honor partners that have gone above and beyond to…

Varonis Systems MarketRank™ Forecast

My model assumptions are that growth will accelerate over the next 2 years as the SaaS transition gains further traction and VRNS benefits from the increase in pricing. This should naturally drive a higher multiple, closing the gap between itself and peers that are growing much faster. These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.

Despite progress in the SaaS migration, VRNS experienced a slowdown in ARR for another consecutive quarter. Specifically, ARR slowed to 16.6% y/y, a trend that continued throughout 2022. Therefore, I anticipate that SaaS cross-sell will propel robust license adoption in the long run. Just to give you some perspective, VRNS has thousands of on-premise customers they could easily convert with the help of discounts (in my opinion).

The improved earnings quality is just one of many advantages of this shift. For instance, now that VRNS hosts for customers, SaaS provides superior remediation at a lower IT cost. Customers won’t have to spend a lot of money or wait a long time to put this into action, which should make it easier for them to adopt. 20 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Varonis Systems in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 10 buy ratings for the stock.

Visit North Hall, Booth #5345, to learn how Varonis’ new SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort Visit North Hall, Booth #5345… Visit booth 912 to learn how the Varonis SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort Visit booth 912 to learn how the Varonis SaaS… We’d like to share more about how we work and what drives our day-to-day business. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of VRNS’s
competitive advantage. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company.

FAQs for Varonis Systems Inc Stock

The consensus among Wall Street equities research analysts is that investors should “hold” VRNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VRNS, but not buy additional shares or sell existing shares. On average, they predict the company’s stock price to reach $33.42 in the next year. View analysts price targets for VRNS or view top-rated stocks among Wall Street analysts. VRNS is on a promising trajectory with its SaaS transition, marking steady progress and enhancing its earnings quality.

Style is calculated by combining value and growth scores, which are first individually calculated. The data security and analytics specialist delivered a non-GAAP profit where Wall Street analysts had expected a loss. The tech company’s annual recurring revenue momentum and management’s robust top-line outlook have investors looking up.

VRNS’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Last month’s massive cyberattack is expected to boost demand for cybersecurity offerings.

Varonis Announces First Quarter 2023 Financial Results

Remember that these clients are easy to get in touch with due to the established rapport, so the time required to convert is way less than finding new prospects. Even though VRNS’s primary business strategy remains the sale of SaaS to new customers, positive results from the conversion have been visible in the most recent quarter. Upon renewal in 1Q23, the company saw a couple hundred thousand on-premises customers switch to the SaaS model. Expansion allows Varonis customers to achieve automated data security outcomes while following national standards for data privacy Expansion allows Varonis customers to achieve automated data security… Expansion allows Varonis customers to achieve automated data security outcomes while following data privacy principles Expansion allows Varonis customers to achieve automated data security outcomes wh… Varonis Systems issued an update on its third quarter 2023 earnings guidance on Monday, July, 31st.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

The CEO or Chief Executive Officer is a company’s leader and the individual who is supposed to have the greatest vision and insight into where the company is heading. Reduce your cloud attack surface by discovering and remediating risky third-party integrations connected to Microsoft 365, Google Workspace, and Salesforce Reduce your cloud attack surface by discover… SEATTLE–(BUSINESS WIRE)–Qumulo, the simple way to manage exabyte-scale data anywhere, today announced integration with the Varonis Data Security Platform and introduced their new Snapshot-Locking ca…

Varonis Systems stock price target raised to $130 from $112 at Benchmark

While near-term challenges persist due to economic uncertainties, the potential benefits of SaaS adoption are substantial, including improved attach rates, pricing, and margins. My fair value estimate for VRNS stands at $39, driven by the anticipation of accelerated growth as the SaaS shift matures, closing the valuation gap with faster-growing peers. Although risks exist, such as potential delays in the transition impacting growth expectations, VRNS has a historical precedent of robust growth, which bodes well for its future. Overall, I recommend a buy rating for VRNS, emphasizing its potential for long-term growth and improved market positioning through its successful SaaS transformation. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

The Barchart Technical Opinion rating is a 100% Buy with a Strongest short term outlook on maintaining the current direction. Fortinet (FTNT) is rapidly gaining recognition for its integrated technologies due to increased adoption by businesses. The company’s strategic collaborations are further strengthening its position in… The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

The risk in investing in VRNS is that the SaaS transition might take longer than expected, which may disappoint the market when growth expectations are not met. With slower growth, it would also impact the EBIT margin expansion as revenue growth is needed to drive operating leverage. Peers include Zscaler, Qualys, Palo Alto Network, Fortinet, SentinelOne, etc. The median forward revenue multiple peers are trading at is 7.5x forward revenue, and the expected 1Y growth rate is mid-teens to 20+%. When compared to peers, VRNS is still growing much slower as it undergoes the SaaS transition, but growth should inflect higher once this transition ends. Remember that VRNS was growing at 25–30%+ before 2019, so there is precedent for a higher growth rate.

One share of VRNS stock can currently be purchased for approximately $31.58. 332 employees have rated Varonis Systems Chief Executive Officer Yaki Faitelson on Glassdoor.com. Yaki Faitelson has an approval rating of 85% among the company’s employees. Sign-up to receive the latest news and ratings for Varonis Systems and its competitors with MarketBeat’s FREE daily newsletter.

• Varonis Systems shares split before market open on Monday, March 15th 2021.
• Dividend yield allows investors, particularly those interested in dividend-paying stocks,
  to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
• Visit booth 912 to learn how the Varonis SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort Visit booth 912 to learn how the Varonis SaaS…
• The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
• As an investor, you want to buy stocks with the highest probability of success.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. The Barchart Technical Opinion widget shows you today’s overally https://1investing.in/ Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

Test your hacking skills, attend a live cloud attack simulation, and see how Varonis delivers automated data security outcomes Test your hacking skills, attend a live cloud attack simulation, and see … According to 17 analysts, the average rating for VRNS stock is “Buy.” The 12-month stock price forecast is $34.5, which is an increase of 9.25% from the latest price. The technique has proven to be very useful for finding positive surprises.

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Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. However, I remain cautious about the near-term performance, as management commentary regarding the macroeconomy suggests that it is still challenging.

The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. We view Varonis Systems as a strong data security vendor that occupies a tough competitive landscape. The firm’s solutions revolve around data security, privacy, and compliance.

The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.

Since then, VRNS stock has increased by 31.9% and is now trading at $31.58. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Compare
VRNS’s historical performance
against its industry peers and the overall market.

The newly minted shares were distributed to shareholders after the closing bell on Friday, March 12th 2021. An investor that had 100 shares of stock prior to the split would have 300 shares after the split. Style is an investment factor that has a meaningful impact on investment risk and returns.