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VRNS Stock Chart & Stats
$45.74
$0.96(2.14%)
At close: 4:00 PM EDT
$45.74
$0.96(2.14%)
Day’s Range― - ―
52-Week Range$19.70 - $63.90
Previous CloseN/A
Volume1.57M
Average Volume (3M)2.23M
Market Cap
$5.36B
Enterprise Value$2.22K
Total Cash (Recent Filing)$660.12M
Total Debt (Recent Filing)$516.13M
Price to Earnings (P/E)―
Beta0.89
Next Earnings
Nov 02, 2026EPS Estimate
0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.22
Shares Outstanding114,814,150
10 Day Avg. Volume1,734,398
30 Day Avg. Volume2,234,415
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$50.55Price Target Upside10.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering22
EPS Forecast (FY)0.12
Revenue Forecast (FY)$734.40M
Bulls Say, Bears Say
Bulls Say
Free Cash FlowConsistent positive operating and free cash flow provides durable internal funding for R&D, product investment, bolt-on M&A and share repurchases. Strong cash generation reduces reliance on external financing and supports strategic flexibility through the multi-year SaaS transition.
SaaS ARR Growth & TransitionHigh SaaS ARR growth and upward guidance reflect successful migration to a subscription model, improving recurring revenue durability. Strong ARR expansion enhances retention/expansion economics and predictable revenue streams as on-prem declines, strengthening long-term revenue visibility.
AI & Product LeadershipProduct expansions into AI agent runtimes and continued adoption of AI-related modules demonstrate structural positioning in a growing market. This broadens addressable market and creates differentiated capabilities to govern AI data flows and protect sensitive information over the next several years.
Bears Say
Persistent Net LossesDespite strong cash flow, sustained GAAP net losses and a negative TTM margin indicate operating profitability hasn’t been achieved. Continued losses constrain return on equity, limit capital allocation optionality, and require persistent margin improvement to de-risk the business long term.
Elevated LeverageSizable debt and an elevated debt-to-equity ratio for an unprofitable company reduce balance-sheet flexibility. Debt servicing commitments could limit investment in product development or acquisitions and raise refinancing risk if cash generation weakens or growth slows materially.
Margin Compression & Conversion UncertaintyMargin declines tied to the on-prem end-of-life and conversion mix point to structural near-term pressure on unit economics. Uncertainty around conversion timing and remaining non-SaaS ARR (~$83.7M) creates visibility risk and may delay sustainable margin recovery until conversions complete.
Varonis Systems News
VRNS FAQ
What was Varonis Systems’s price range in the past 12 months?
Varonis Systems lowest stock price was $19.70 and its highest was $63.90 in the past 12 months.
What is Varonis Systems’s market cap?
Varonis Systems’s market cap is $5.36B.
When is Varonis Systems’s upcoming earnings report date?
Varonis Systems’s upcoming earnings report date is Nov 02, 2026 which is in 96 days.
How were Varonis Systems’s earnings last quarter?
Varonis Systems released its earnings results on Jul 28, 2026. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.008 by $0.032.
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 0.03.
How many shares outstanding does Varonis Systems have?
Varonis Systems has 114,814,150 shares outstanding.
What happened to Varonis Systems’s price movement after its last earnings report?
Varonis Systems reported an EPS of $0.04 in its last earnings report, beating expectations of $0.008. Following the earnings report the stock price went same N/A.
Which hedge fund is a major shareholder of Varonis Systems?
Currently, no hedge funds are holding shares in VRNS
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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Analyst Consensus
Strong Buy
Average Price Target:
$50.55 (10.52% Upside)
$50.55 (10.52% Upside)
Blogger Sentiment
Neutral
VRNS Sentiment 50%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 782.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.9%
Last 30 Days ▼ 5.5%
Last 30 Days ▼ 5.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-14.31%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
3.64%
Trailing 12-Months
Company Description
Varonis Systems
Varonis Systems, Inc. (VRNS) is a cybersecurity and data security company that provides software designed to help organizations discover, classify, protect, and monitor sensitive data across on-premises and cloud environments. The company’s platform focuses on data security posture management, threat detection and response related to data access and identity behavior, and automation to reduce risk from insider threats, misconfigurations, and ransomware. Varonis sells its solutions primarily to enterprises across industries that manage large volumes of unstructured data in file shares, collaboration tools, and cloud data stores.
VRNS Company Deck
VRNS Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong growth momentum in the transition to a SaaS-focused business: SaaS ARR ex-conversion grew 29% YoY, total revenue grew 27% YoY, management raised full-year ARR and revenue guidance, reported notable new-logo wins and product traction (AI-focused offerings and recent acquisitions), and maintained a strong balance sheet with active share repurchases. Offsetting items included modest margin pressure (gross margin and ARR contribution margin declines), lower reported free cash flow and cash from operations versus last year (partly due to acquisition-related cash costs), and ongoing visibility uncertainty related to the on-prem end-of-life and conversion timing. Overall, the positives (robust ARR growth, raised guidance, customer wins, product momentum and cash reserves) outweigh the transition-related headwinds and margin/cash-flow noise.View all VRNS earnings summariesVRNS Revenue Breakdown
74.89% North America
21.95% EMEA
3.16% Rest of the World
VRNS Stock 12 Month Forecast
Average Price Target
$50.55
▲(10.52% Upside)
Technical Analysis
Ownership Overview
4.61% Insiders
30.87% Mutual Funds
0.97% Other Institutional Investors
34.68% Public Companies and
Individual Investors