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Varonis Systems

Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2005 and went public in 2014.

Varonis Systems Inc

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Shares of software companies are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

<p><strong>Varonis Systems's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NYSE">VRNS</a>) short percent of float has risen 3.67% since its last report. The company recently reported that it has <strong>8.90 million shares sold short</strong>, which is 10.17% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 6.53 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Varonis Systems Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730727996_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Varonis Systems has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Varonis Systems's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Varonis Systems's peer group average for short interest as a percentage of float is 4.72%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Trading Ideas

Looking Into Varonis Systems's Recent Short Interest

<p>RBC Capital  analyst Matthew Hedberg   reiterates Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) with a Outperform and maintains $65 price target.</p>


News

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Varonis Systems, Maintains $65 Price Target

<p>Piper Sandler  analyst Rob Owens   maintains Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) with a Neutral and raises the price target from $48 to $55.</p>


Piper Sandler Maintains Neutral on Varonis Systems, Raises Price Target to $55

Varonis Systems shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY24 revenue guidance above estimates.

<h3>Gainers</h3>
<ul>
<li><strong>Mirion Technologies</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MIR#NYSE">MIR</a>) shares rose 8.8% to $15.31 during Tuesday's after-market session. The company's market cap stands at $3.5 billion. The company's, Q3 earnings came out today. </li>
<li><strong>Oblong</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) stock rose 8.4% to $3.74. The market value of their outstanding shares is at $4.0 million. </li>
<li><strong>8x8</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) stock increased by 4.76% to $2.2. The market value of their outstanding shares is at $282.3 million. </li>
<li><strong>Avnet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) shares increased by 4.64% to $56.99. The market value of their outstanding shares is at $5.0 billion. </li>
<li><strong>Next Technology Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) shares moved upwards by 4.54% to $1.15. The company's market cap stands at $8.0 million. </li>
<li><strong>Viasat</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) stock moved upwards by 3.01% to $10.59. The company's market cap stands at $1.3 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Qorvo</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) shares declined by 14.5% to $85.95 during Tuesday's after-market session. The company's market cap stands at $8.1 billion. The company's, Q2 earnings came out today. </li>
<li><strong>Focus Universal</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) shares fell 7.45% to $0.24. The market value of their outstanding shares is at $16.6 million. </li>
<li><strong>First Solar</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares decreased by 6.69% to $186.33. The company's market cap stands at $19.9 billion. The company's, Q3 earnings came out today. </li>
<li><strong>Abits Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABTS#NASDAQ">ABTS</a>) shares fell 5.18% to $0.55. The market value of their outstanding shares is at $19.5 million. </li>
<li><strong>Advanced Micro Devices</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stock fell 5.17% to $157.66. The company's market cap stands at $255.1 billion. As per the press release, Q3 earnings came out today. </li>
<li><strong>Varonis Systems</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) shares fell 4.99% to $55.85. The market value of their outstanding shares is at $6.2 billion. As per the news, the Q3 earnings report came out today.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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12 Information Technology Stocks Moving In Tuesday's After-Market Session

Guidance

Varonis Sees FY24 Revenue $635M-$639M Vs $549.3M Estimate

Varonis Sees Q4 2024 Revenue $162M-$167M Vs $162.97M Estimate

<p>Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.07 by 42.86 percent.  The company reported quarterly sales of $148.07 million which beat the analyst consensus estimate of $141.64 million by 4.54 percent.  This is a 21.06 percent increase over sales of $122.31 million the same period last year.</p>


Earnings

Earnings Beats

Varonis Systems Q3 2024 Adj EPS $0.10 Beats $0.07 Estimate, Sales $148.07M Beat $141.64M Estimate

<p>Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Varonis Systems to report an <strong>earnings per share</strong> (EPS) of $0.07.</p>
<p>Anticipation surrounds Varonis Systems's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.</p>
<p>New investors should understand that while earnings performance is important, market reactions are often driven by guidance.</p>
<h3>Overview of Past Earnings</h3>
<p>In the previous earnings release, the company beat EPS by $0.07, leading to a 14.64% increase in the share price the following trading session.</p>
<p>Here's a look at Varonis Systems's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.02</td>
<td>-0.09</td>
<td>0.23</td>
<td>0.02</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.05</td>
<td>-0.03</td>
<td>0.27</td>
<td>0.08</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>15.0%</td>
<td>1.0%</td>
<td>7.000000000000001%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730124221_0.png" alt="eps graph" /></p>
<h3>Market Performance of Varonis Systems's Stock</h3>
<p>Shares of Varonis Systems were trading at $56.86 as of October 25. Over the last 52-week period, shares are up 72.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analysts' Take on Varonis Systems</h3>
<p>For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Varonis Systems.</p>
<p>The consensus rating for Varonis Systems is Outperform, derived from 14 analyst ratings. An average one-year price target of $61.93 implies a potential 8.92% upside.</p>
<h3>Comparing Ratings with Competitors</h3>
<p>This comparison focuses on the analyst ratings and average 1-year price targets of UiPath, Dolby Laboratories and CommVault Systems, three major players in the industry, shedding light on their relative performance expectations and market positioning.</p>
<ul>
<li>UiPath is maintaining an Neutral status according to analysts, with an average 1-year price target of $15.42, indicating a potential 72.88% downside.</li>
<li>The consensus outlook from analysts is an Outperform trajectory for Dolby Laboratories, with an average 1-year price target of $100.0, indicating a potential 75.87% upside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for CommVault Systems, with an average 1-year price target of $165.67, implying a potential 191.36% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
<p>Within the peer analysis summary, vital metrics for UiPath, Dolby Laboratories and CommVault Systems are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Varonis Systems</td>
<td>Outperform</td>
<td>12.93%</td>
<td>$107.91M</td>
<td>-5.26%</td>
</tr>
<tr>
<td>UiPath</td>
<td>Neutral</td>
<td>10.07%</td>
<td>$252.93M</td>
<td>-4.46%</td>
</tr>
<tr>
<td>Dolby Laboratories</td>
<td>Outperform</td>
<td>-3.20%</td>
<td>$253.16M</td>
<td>1.58%</td>
</tr>
<tr>
<td>CommVault Systems</td>
<td>Buy</td>
<td>13.38%</td>
<td>$184.88M</td>
<td>6.62%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Varonis Systems ranks at the bottom for Revenue Growth among its peers. It is also at the bottom for Gross Profit. However, it is at the top for Return on Equity.</p>
<h3>Discovering Varonis Systems: A Closer Look</h3>
<p>Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.</p>
<h3>Understanding the Numbers: Varonis Systems's Finances</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Varonis Systems showcased positive performance, achieving a revenue growth rate of <strong>12.93%</strong> as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> Varonis Systems's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>-18.37%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Varonis Systems's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>-5.26%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Varonis Systems's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of <strong>-2.23%,</strong> the company may face hurdles in generating optimal returns from its assets.</p>
<p><strong>Debt Management:</strong> Varonis Systems's debt-to-equity ratio is below the industry average at <strong>0.65</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<p><a href="https://www.benzinga.com/quote/VRNS/earnings"><strong>To track all earnings releases for Varonis Systems visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Outlook For Varonis Systems

<p>JP Morgan  analyst Brian Essex   maintains Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) with a Overweight and raises the price target from $59 to $65.</p>


JP Morgan Maintains Overweight on Varonis Systems, Raises Price Target to $65

<p>UBS  analyst Roger Boyd   maintains Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) with a Buy and raises the price target from $63 to $70.</p>


UBS Maintains Buy on Varonis Systems, Raises Price Target to $70

<p>Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) has been analyzed by 13 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Varonis Systems, presenting an average target of $60.31, a high estimate of $67.00, and a low estimate of $48.00. This upward trend is evident, with the current average reflecting a 8.75% increase from the previous average price target of $55.46.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729688456_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Varonis Systems. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$67.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$67.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Shaul Eyal</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$48.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$48.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$65.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$52.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Varonis Systems. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Varonis Systems compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Varonis Systems's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Varonis Systems's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/VRNS/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Varonis Systems analyst ratings.</strong></a></p>
<h2>Discovering Varonis Systems: A Closer Look</h2>
<p>Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.</p>
<h3>Varonis Systems's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Varonis Systems showcased positive performance, achieving a revenue growth rate of <strong>12.93%</strong> as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>-18.37%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Varonis Systems's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>-5.26%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>-2.23%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.65</strong>.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
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<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What 13 Analyst Ratings Have To Say About Varonis Systems

<p>Baird  analyst Shrenik Kothari   maintains Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) with a Outperform and raises the price target from $60 to $62.</p>


Baird Maintains Outperform on Varonis Systems, Raises Price Target to $62

<p><strong>Varonis Systems's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NYSE">VRNS</a>) short percent of float has fallen 3.44% since its last report. The company recently reported that it has <strong>8.59 million shares sold short</strong>, which is 9.81% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 7.74 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Varonis Systems Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729278023_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Varonis Systems has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Varonis Systems's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Varonis Systems's peer group average for short interest as a percentage of float is 4.50%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


<p>Ratings for Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $59.77, a high estimate of $67.00, and a low estimate of $48.00. This current average reflects an increase of 8.83% from the previous average price target of $54.92. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728327641_0.png" alt="price target chart" /></p>
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Varonis Systems. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$67.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$67.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Shaul Eyal</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$48.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$48.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$65.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$52.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$53.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Varonis Systems. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Varonis Systems compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Varonis Systems's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Varonis Systems's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/VRNS/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Varonis Systems analyst ratings.</strong></a></p>
<h2>Delving into Varonis Systems's Background</h2>
<p>Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.</p>
<h3>Unraveling the Financial Story of Varonis Systems</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Varonis Systems showcased positive performance, achieving a revenue growth rate of <strong>12.93%</strong> as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> Varonis Systems's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>-18.37%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Varonis Systems's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>-5.26%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Varonis Systems's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>-2.23%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Varonis Systems's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.65</strong>.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Varonis Systems Stock: A Deep Dive Into Analyst Perspectives (13 Ratings)

<p>Barclays  analyst Saket Kalia   maintains Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) with a Overweight and raises the price target from $60 to $65.</p>


Barclays Maintains Overweight on Varonis Systems, Raises Price Target to $65

<p><a href="https://www.globenewswire.com/Tracker?data=qfkJWKAhTNtJJIEUSmyqBuWyUd43twp95nH4hnsL4OQ-lkGylYsFt7hsxLmBMkwpITSI9gw7ioMg2OahCTebJWB1LEcpyf4DhXc5k5h651w=">Varonis Systems, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) today announced at Dreamforce 2024 new capabilities that help customers automatically identify and eliminate data security risks. With this new release, Varonis introduced four remediation features, adding to its library of powerful automations that help ensure always-on data security across your data estate.<br /><br />&nbsp;</p>
<p>Unlike other tools that only surface problems, Varonis shows where sensitive data is at risk and solves issues at scale with automation. Varonis helps customers understand their Salesforce data security posture in real time and helps ensure only the right people can access sensitive data. Varonis identifies misconfigurations, excessive permissions, and suspicious activity that put data at risk.</p>


Varonis Expands Salesforce Security Offering With New Automated Remediation Capabilities

<p><strong>Varonis Systems's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NYSE">VRNS</a>) short percent of float has fallen 11.27% since its last report. The company recently reported that it has <strong>9.52 million shares sold short</strong>, which is 10.87% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.85 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Varonis Systems Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726085712_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Varonis Systems has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Varonis Systems's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Varonis Systems's peer group average for short interest as a percentage of float is 3.49%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Peering Into Varonis Systems's Recent Short Interest

<p>The Notes will be unsecured senior obligations of the Company. The Notes will mature on September 15, 2029, unless earlier converted, redeemed or repurchased. Interest will accrue on the Notes at a rate of&nbsp;1.00%&nbsp;per year and will be payable semiannually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025.</p>


Reported Earlier, Varonis Systems Prices Upsized $400M Of 1.00% Convertible Senior Notes Due 2029

Varonis Non-GAAP EPS of $0.12 beats by $0.05, revenue of $148.07M beats by $6.59M

Shrenik Kothari, an analyst from Robert W. Baird, maintained the Buy rating on Varonis Systems (VRNS – Research Report). The associated price targe...

Varonis Systems: Strong Financial Performance and Strategic Advancements Justify Buy Rating

Varonis Systems, Inc. 2024 Q3 - Results - Earnings Call Presentation

Varonis Systems, Inc. (VRNS) Q3 2024 Earnings Call Transcript

Varonis Systems ( ($VRNS) ) has realeased its Q3 earnings. Here is a breakdown of the information Varonis Systems presented to its investors. Varon...

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Lord Abbett Developing Growth Fund Q3 2024 Commentary

ADMA

CAVA

FROG

GKOS

LDOS

LOAR

PIPR

RXST

TMDX

Press Releases

Varonis at Black Hat USA 2024: Deploying Copilots Safely and Reducing Your AI Blast Radius

Varonis Announces Second Quarter 2024 Financial Results

General

Varonis Announces AI-Powered Data Discovery and Classification

Varonis Announces Integrations with SentinelOne and Microsoft Defender for Endpoint

Varonis to Present at Upcoming Investor Conference

Financing

Varonis Systems, Inc. Announces Proposed Offering of $350 Million of Convertible Senior Notes

Varonis Systems, Inc. Announces Pricing of its Upsized $400 Million of Convertible Senior Notes

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