Varonis Systems, Inc. (VRNS)
Varonis Systems: Price Drop Is An Attractive Entry Point As Fundamentals Remain Strong
I reiterate a buy rating for Varonis Systems (VRNS) as the recent share price dip to $48 presents an attractive entry point for investors. VRNS fundamentals remain strong with accelerating revenue growth, improving EBITDA margins, and successful SaaS transition, despite slight weakness in the Federal sector. The new MDDR product drives SaaS adoption and growth, offering strong protection against ransomware, and is a key catalyst for future expansion.
What Makes Varonis (VRNS) a New Buy Stock
Varonis (VRNS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Varonis Systems, Inc. (VRNS) Q3 2024 Earnings Call Transcript
Varonis Systems, Inc. (NASDAQ:VRNS ) Q3 2024 Results Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Tim Perz - Vice President of Investor Relations Yaki Faitelson - Chief Executive Officer, President, Co-Founder and Chairman Guy Melamed - Chief Financial Officer and Chief Operating Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Hamza Fodderwala - Morgan Stanley Saket Kalia - Barclays Capital Brian Essex - J.P. Morgan Joel Fishbein - Truist Securities Fatima Boolani - Citibank Roger Boyd - UBS Andrew Nowinski - Wells Fargo Joseph Gallo - Jefferies Jason Ader - William Blair Rob Owens - Piper Sandler Joshua Tilton - Wolfe Research Rudy Kessinger - D.A.
Compared to Estimates, Varonis (VRNS) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Varonis (VRNS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Varonis Systems (VRNS) Q3 Earnings and Revenues Beat Estimates
Varonis Systems (VRNS) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.08 per share a year ago.
Varonis Systems: 3 Factors That Make It A Buy
I recommend Varonis Systems as a 'Buy' due to re-accelerating revenue growth, strong price momentum, and significant insider buying. Despite having not produced an operating profit, Varonis is already generating close to $100 million of cash from operations. Varonis' premium valuation is justified by projected revenue growth, strong price momentum, and substantial insider share purchases, indicating confidence in the stock's undervaluation.
Are You Looking for a Top Momentum Pick? Why Varonis Systems (VRNS) is a Great Choice
Does Varonis Systems (VRNS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Varonis Systems (VRNS) is a Great Momentum Stock: Should You Buy?
Does Varonis Systems (VRNS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Varonis Systems: Firing On All Cylinders
I stay buy rated given the accelerating growth due to successful SaaS transition and strong MDDR adoption. 2Q24 earnings beat expectations with total revenue growth at a new high, driving optimism for future growth outlook. My price target for VRNS is ~$77.
These Analysts Raise Their Forecasts On Varonis Systems Folloiwng Upbeat Results
Varonis Systems VRNS reported better-than-expected second-quarter financial results and raised its FY24 guidance on Monday.
Varonis Systems, Inc. (VRNS) Q2 2024 Earnings Call Transcript
Varonis Systems, Inc. (NASDAQ:VRNS ) Q2 2024 Earnings Conference Call July 29, 2024 4:30 PM ET Company Participants Tim Perz - Director of Investor Relations Yaki Faitelson - Chief Executive Officer, President, Co-Founder & Chairman Guy Melamed - Chief Financial Officer & Chief Operating Officer Conference Call Participants Saket Kalia - Barclays Brian Essex - JPMorgan Joel Fishbein - Truist Securities Matt Hedberg - RBC Capital Markets Fatima Boolani - Citi Shaul Eyal - TD Cowen Andrew Nowinski - Wells Fargo Roger Boyd - UBS Joe Gallo - Jefferies Jason Ader - William Blair Rob Owens - Piper Sandler Josh Tilton - Wolfe Research Rudy Kessinger - D.A. Davidson Shrenik Kothari - Robert W.
Varonis (VRNS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Varonis (VRNS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
