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Varonis Systems (VRNS)
NASDAQ:VRNS
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Varonis Systems (VRNS) Price & Analysis

1,154 Followers

VRNS Stock Chart & Stats

$40.82
$0.96(2.14%)
At close: 4:00 PM EDT
$40.82
$0.96(2.14%)

Bulls Say, Bears Say

Bulls Say
Strong SaaS ARR Growth And Raised GuidanceRecurring SaaS growth and higher full-year guidance indicate sustained customer adoption, expansion potential, and a stronger subscription base. This supports more predictable revenue and creates a durable foundation for continued enterprise growth.
Robust Cash Generation And LiquidityPositive operating and free cash flow provide funding for product investment, sales expansion, and acquisitions without relying heavily on external capital. The substantial cash reserve also improves resilience while the company works toward consistent profitability.
Product Expansion And Enterprise AdoptionAdoption of newer products broadens Varonis's platform beyond its established offerings and increases opportunities to expand within large accounts. Cross-product deployments can strengthen retention, raise customer value, and deepen competitive differentiation.
Bears Say
Persistent Operating LossesDespite strong gross margins and cash generation, sustained accounting losses show that operating expenses remain too high relative to revenue. Failure to convert growth into durable GAAP profitability could constrain reinvestment and weaken long-term financial flexibility.
Elevated Leverage Relative To ProfitabilityLeverage has improved from 2024 but remains meaningful while earnings are negative. Debt obligations can limit strategic flexibility, increase sensitivity to execution setbacks, and compete with investments needed to complete the SaaS transition.
SaaS Transition Margin And Conversion HeadwindsThe self-hosted end-of-life transition may reduce expected conversions and pressure unit economics as revenue shifts toward SaaS. Lower contribution margins could delay operating leverage and make the path to sustainable profitability less predictable.

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 $5.29B.
      When is Varonis Systems’s upcoming earnings report date?
      Varonis Systems’s upcoming earnings report date is Nov 02, 2026 which is in 55 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. 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 0.03.
              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 $0.04 in its last earnings report, beating expectations of $0.008. Following the earnings report the stock price went down -8.999%.
                  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

                    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 (VRNS) Earnings & Revenues

                    VRNS Company Deck

                    VRNS 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 VRNS earnings summaries

                    VRNS Revenue Breakdown

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

                    VRNS Stock 12 Month Forecast

                    Average Price Target

                    $51.30
                    ▲(25.67% Upside)
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13,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":29.25,"date":1769896800000,"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 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":23.08,"date":1772316000000,"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    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