VS2 Stock Chart & Stats
€34.69
-€0.69(-1.74%)
At close: 4:00 PM EDT
€34.69
-€0.69(-1.74%)
Day’s Range― - ―
52-Week Range€16.96 - €54.76
Previous CloseN/A
Volume0.00
Average Volume (3M)124.00
Market Cap
€4.78B
Enterprise Value€4.65K
Total Cash (Recent Filing)€660.12M
Total Debt (Recent Filing)€516.13M
Price to Earnings (P/E)―
Beta0.74
Next Earnings
Nov 02, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.22
Shares Outstanding114,860,480
10 Day Avg. Volume180
30 Day Avg. Volume124
Financial Highlights & Ratios
PEG Ratio-0.92
Price to Book (P/B)7.08
Price to Sales (P/S)6.79
P/FCF Ratio31.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€45.68Price Target Upside31.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
EPS Forecast (FY)0.13
Revenue Forecast (FY)€635.07M
Bulls Say, Bears Say
Bulls Say
SaaS ARR Growth And Raised GuidanceRapid SaaS ARR growth and higher full-year guidance indicate continuing customer adoption and expansion of Varonis’s recurring platform. This strengthens revenue visibility, supports cross-selling of additional security modules, and provides a durable foundation for growth over the next several quarters.
Strong Free Cash Flow GenerationConsistent positive operating and free cash flow gives Varonis internal funding for product investment, sales expansion, and customer implementation while reducing reliance on external financing. The cash profile is especially valuable because it provides liquidity even before accounting profitability is fully established.
Product Expansion And Enterprise TractionTraction in newer products and large enterprise deployments suggests Varonis is broadening beyond its original offerings and increasing the value of its platform. Successful cross-selling and consolidation of point products can deepen customer relationships, raise account potential, and improve retention.
Bears Say
Persistent Operating LossesOngoing net losses show that strong gross margins and cash generation have not yet translated into durable GAAP profitability. Continued expense pressure can limit strategic flexibility, weaken returns on invested capital, and leave the company more dependent on growth continuing at a high rate.
Elevated Leverage Relative To ProfitabilityDebt remains sizable relative to equity and current earnings power, increasing the financial obligations that cash flow must support. Although leverage improved versus 2024, the combination of debt and negative returns can constrain investment choices and reduce resilience if operating performance weakens.
Margin Pressure During SaaS TransitionThe decline in ARR contribution margin indicates that the shift toward SaaS and the self-hosted platform end-of-life are currently reducing economics during the transition. If this pressure persists, it could slow the path to operating profitability and limit the cash contribution from future growth.
Varonis Systems News
VS2 FAQ
What was Varonis Systems’s price range in the past 12 months?
Varonis Systems lowest stock price was €16.96 and its highest was €54.76 in the past 12 months.
What is Varonis Systems’s market cap?
Varonis Systems’s market cap is €4.78B.
When is Varonis Systems’s upcoming earnings report date?
Varonis Systems’s upcoming earnings report date is Nov 02, 2026 which is in 39 days.
How were Varonis Systems’s earnings last quarter?
Varonis Systems released its earnings results on Jul 28, 2026. The company reported €0.034 earnings per share for the quarter, beating the consensus estimate of €0.007 by €0.027.
Is Varonis Systems overvalued?
According to Wall Street analysts Varonis Systems’s price is currently Undervalued.
Does Varonis Systems pay dividends?
Varonis Systems does not currently pay dividends.
What is Varonis Systems’s EPS estimate?
Varonis Systems’s EPS estimate is 0.02.
How many shares outstanding does Varonis Systems have?
Varonis Systems has 114,860,480 shares outstanding.
What happened to Varonis Systems’s price movement after its last earnings report?
Varonis Systems reported an EPS of €0.034 in its last earnings report, beating expectations of €0.007. Following the earnings report the stock price went down -6.981%.
Which hedge fund is a major shareholder of Varonis Systems?
Currently, no hedge funds are holding shares in DE:VS2
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Varonis Systems Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
€45.68 (31.69% Upside)
€45.68 (31.69% Upside)
Blogger Sentiment
Neutral
DE:VS2 Sentiment 56%
Sector Average 63%
Sector Average 63%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-17.06%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
2.44%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Varonis Systems
Varonis Systems, Inc. specializes in delivering software solutions and associated services designed to help large organizations oversee, analyze, identify threats in, and protect their critical digital information across North America, Europe, the Middle East, Africa, and other international markets. Their technology safeguards sensitive data, whether stored on-premises or in cloud environments, encompassing proprietary files and communications, private customer, patient, and employee information, financial documents, strategic plans, product roadmaps, and other intellectual assets. Among their offerings, DatAdvantage meticulously tracks, consolidates, standardizes, and evaluates every instance of data access by users across a wide array of platforms, such as Windows and UNIX/Linux servers, storage systems, email platforms, internal networks, cloud applications, and data repositories. Complementing this, DatAlert establishes profiles for users, devices, and their behaviors regarding systems and data. It is engineered to detect and issue warnings about unusual activities that could signal a breach, presenting this information via an intuitive web-based control panel for investigations. The Data Classification Engine is another key component, enabling the identification and categorization of data using predefined metadata criteria, supplying actionable insights to both business and IT teams. Furthermore, DataPrivilege simplifies data access management; it provides a self-service web portal where employees can request access to necessary data for their roles, and data owners can approve these requests directly, reducing the need for IT department involvement. Varonis also offers the Data Transport Engine, an execution platform that streamlines the management of data and metadata, converting strategic business decisions and directives into technical actions like data migration or archiving. Lastly, DatAnswers facilitates comprehensive search capabilities across an organization's entire digital data landscape. Varonis Systems, Inc. distributes its products and services through a robust network of authorized distributors and resellers. Their clientele primarily consists of IT professionals, security teams, and business leadership. Established in 2004, the company maintains its headquarters in New York, New York.
VS2 Company Deck
VS2 Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a net positive tone: strong underlying SaaS ARR growth (25% excl. conversions), healthy revenue growth (+18% YoY), improved GAAP/non‑GAAP profitability, substantial cash reserves and clear product momentum (Atlas, Interceptor, DAM) with meaningful customer wins. Offsets include margin pressure (gross margin and ARR contribution margin declines), a year‑to‑date drop in free cash flow (partly due to acquisition accounting costs), conversion uncertainty related to the on‑prem EOL transition, and some quarter‑end deal slippage tied to media rumors. On balance, management raised guidance and emphasized a robust pipeline and early July deal closures, indicating the positives materially outweigh the negatives.View all DE:VS2 earnings summariesVS2 Revenue Breakdown
74.89% North America
21.95% EMEA
3.16% Rest of the World

VS2 Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
€45.68
▲(31.69% Upside)
Technical Analysis
1 Day
3 Days
1 Week
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