Varonis Systems (VRNS)
NASDAQ:VRNS
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VRNS Stock Chart & Stats
$20.19
-$0.01(-0.02%)
At close: 4:00 PM EST
$20.19
-$0.01(-0.02%)
Day’s Range― - ―
52-Week Range$19.70 - $63.90
Previous CloseN/A
Volume219.90K
Average Volume (3M)2.34M
Market Cap
$3.84B
Enterprise Value$4.34B
Total Cash (Recent Filing)$785.91M
Total Debt (Recent Filing)$511.20M
Price to Earnings (P/E)―
Beta1.01
Next Earnings
Aug 03, 2026EPS Estimate
<0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.13
Shares Outstanding114,814,150
10 Day Avg. Volume1,723,081
30 Day Avg. Volume2,342,112
Financial Highlights & Ratios
PEG Ratio-1.04
Price to Book (P/B)7.08
Price to Sales (P/S)6.79
P/FCF Ratio31.43
Enterprise Value/Market Cap1.13
Enterprise Value/Revenue6.58
Enterprise Value/Gross Profit8.42
Enterprise Value/Ebitda-39.37
Forecast
1Y Price Target
$36.33Price Target Upside79.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
EPS Forecast (FY)0.12
Revenue Forecast (FY)$734.42M
Bulls Say, Bears Say
Bulls Say
Rapid SaaS ARR Growth & Raised GuidanceSustained ARR expansion and higher guidance signal durable subscription demand and accelerating cloud adoption. Larger, growing recurring ARR improves revenue visibility, supports long-term cash flow conversion and creates a compounding base for upsells, cross-sell and enterprise expansion.
High Gross MarginsConsistently elevated gross margins reflect software-centric economics and scalable delivery. High product margins create room for investment in R&D, go-to-market and margins expansion as SaaS ARR scales, enabling sustainable profitability improvements over a multi-quarter horizon.
Positive Cash Generation And Large Cash ReservesPositive operating and free cash flow alongside a $900M liquidity buffer provides strategic optionality. This durable cash generation funds investments, acquisitions and buybacks, absorbs transition costs, and reduces refinancing risk while management executes the SaaS shift.
Bears Say
Persistent GAAP Losses & Negative ROEOngoing GAAP losses and materially negative returns on equity indicate the company has not yet translated growth into sustained accounting profitability. If losses persist, they can limit reinvestment capacity, compress shareholder returns and heighten scrutiny on operating leverage execution.
Elevated Leverage And Asset ContractionNear-1x leverage combined with a notable shrinkage in total assets reduces financial flexibility and raises risk if growth or cash flow slow. Asset contraction could reflect write-downs or restructuring, which may hamper the balance sheet's ability to support large strategic initiatives.
Margin Compression From On-prem TransitionThe structural shift away from on-premises products is compressing contribution margins and creates uncertain timing for migrations and revenue conversions. Prolonged conversion lag or lower-than-expected uptake could depress profitability and slow margin recovery despite ARR growth.
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 $3.84B.
When is Varonis Systems’s upcoming earnings report date?
Varonis Systems’s upcoming earnings report date is Aug 03, 2026 which is in 51 days.
How were Varonis Systems’s earnings last quarter?
Varonis Systems released its earnings results on Apr 28, 2026. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of -$0.053 by $0.113.
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 <0.01.
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 $0.06 in its last earnings report, beating expectations of -$0.053. Following the earnings report the stock price went up 7.272%.
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
Moderate Buy
Average Price Target:
$36.33 (79.96% Upside)
$36.33 (79.96% Upside)
Blogger Sentiment
Bullish
VRNS Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 782.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.7%
Last 30 Days ▼ 4.7%
Last 30 Days ▼ 4.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-33.38%
12-Months-Change
Fundamentals
Return on Equity
-26.10%
Trailing 12-Months
Asset Growth
3.64%
Trailing 12-Months
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.
VRNS Company Deck
VRNS Earnings Call
Q1 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
$36.33
▲(79.96% Upside)
Technical Analysis
Ownership Overview
4.61% Insiders
32.30% Mutual Funds
24.67% Other Institutional Investors
11.05% Public Companies and
Individual Investors