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Varonis Systems (DE:VS2)
FRANKFURT:VS2

Varonis Systems (VS2) Price & Analysis

4 Followers

VS2 Stock Chart & Stats

€34.69
-€0.69(-1.74%)
At close: 4:00 PM EDT
€34.69
-€0.69(-1.74%)

Bulls Say, Bears Say

Bulls Say
SaaS ARR GrowthRapid SaaS ARR growth indicates continuing customer adoption and expansion of Varonis’ recurring platform. The raised full-year outlook supports durable demand, while recurring contracts and increasing usage can improve revenue visibility and provide a foundation for compounding growth.
Cash Generation And LiquidityConsistently positive operating and free cash flow gives Varonis internal funding capacity despite reported net losses. Its substantial cash and securities balance can support product investment, customer deployment, and strategic flexibility while reducing reliance on external financing.
Product And Customer ExpansionTraction across newer products suggests Varonis is expanding beyond its established platform and increasing the potential value of broader customer deployments. Large enterprise wins and cross-product adoption can deepen relationships, support renewals, and widen the company’s data-security footprint.
Bears Say
Persistent UnprofitabilityOngoing net losses show that strong product-level gross margins have not yet translated into durable operating profitability. The recent gross-margin decline adds pressure, potentially limiting reinvestment capacity and making earnings conversion a central execution requirement over the next several quarters.
Conversion And On-Premises Transition RiskThe shift from self-hosted deployments to SaaS creates a meaningful transition risk for near-term ARR realization. Slower-than-expected conversions may delay revenue and subscription benefits, while the platform end-of-life can disrupt customer timing and complicate growth planning.
Elevated LeverageDebt remains material relative to equity while Varonis is not yet consistently profitable. This leverage can constrain financial flexibility, increase the importance of sustained cash generation, and leave less room to absorb operating setbacks or fund expansion without balance-sheet pressure.

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 €53.88 in the past 12 months.
    What is Varonis Systems’s market cap?
    Varonis Systems’s market cap is €5.09B.
      When is Varonis Systems’s upcoming earnings report date?
      Varonis Systems’s upcoming earnings report date is Nov 03, 2026 which is in 5 days.
        How were Varonis Systems’s earnings last quarter?
        Varonis Systems released its earnings results on Jul 28, 2026. The company reported €0.036 earnings per share for the quarter, beating the consensus estimate of €0.007 by €0.029.
          Is Varonis Systems overvalued?
          According to Wall Street analysts Varonis Systems’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            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 115,298,570 shares outstanding.
                What happened to Varonis Systems’s price movement after its last earnings report?
                Varonis Systems reported an EPS of €0.036 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

                    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.

                    Varonis Systems (VS2) Earnings & Revenues

                    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 summaries

                    VS2 Revenue Breakdown

                    74.89%74.89%21.95%3.16%
                    74.89% North America
                    21.95% EMEA
                    3.16% Rest of the World
                    tipranks

                    VS2 Stock 12 Month Forecast

                    Average Price Target

                    €44.99
                    ▲(29.70% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 32,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":30.14,"date":1761955200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 30,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":28.18,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n           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24,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 8, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":19.185,"date":1772323200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 27,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 8, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":18.66,"date":1775001600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 33,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 10, \t&nbsp;</span>\n  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","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":36.43,"date":1782864000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 36,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 11, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":35.06,"date":1785542400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 34,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 10, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      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