Varonis Systems (VRNS) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.01 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Varonis (VRNS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Varonis (VRNS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
I continue to recommend a buy due to strong execution on the SaaS transition and a positive growth outlook. 1Q24 earnings were in line with guidance and showed improvement in the SaaS transition, with subscription revenue growing and ARR increasing. The introduction of the MDDR product and the demand for AI are expected to drive long-term growth for Varonis Systems.