Varonis Announces Second Quarter 2024 Financial Results

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Varonis Systems (VRNS) PT Raised to $50 at Citi

July 30, 2024 7:28 AM EDT

Citi analyst Fatima Boolani raised the price target on Varonis Systems (NASDAQ: VRNS) to $50.00 (from $46.00) while maintaining a Neutral rating.

The analyst comments "ARR modestly accelerating to 18% YoY (best since 1Q23) and NNARR delivering the meatiest nominal beat 7Qs into the model transition,... More

Varonis Systems (VRNS) PT Raised to $65 at RBC Capital, 'remains a top SMID-cap idea'

July 30, 2024 6:23 AM EDT

RBC Capital analyst Matthew Hedberg raised the price target on Varonis Systems (NASDAQ: VRNS) to $65.00 (from $58.00) while maintaining a Outperform rating.

The analyst comments "Varonis delivered strong results as ARR growth accelerated to +18% which moved CY/24 guidance up across the board. The... More

Varonis Systems (VRNS) PT Raised to $59 at JPMorgan

July 30, 2024 5:10 AM EDT

JPMorgan analyst Brian Essex raised the price target on Varonis Systems (NASDAQ: VRNS) to $59.00 (from $54.00) while maintaining a Overweight rating.

The analyst comments "Another Solid Quarter of Execution. Varonis delivered another quarter of strong execution with better than expected Revenue, ARR, Profitability, and FCF. We recently upgraded the stock and placed it on Positive Catalyst Watch as we saw the AI premium taken out of the valuation with... More

Varonis Systems (VRNS) Tops Q2 EPS by 7c, Offers Guidance

July 29, 2024 4:14 PM EDT

Varonis Systems (NASDAQ: VRNS) reported Q2 EPS of $0.05, $0.07 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $130.3 million versus the consensus estimate of $124.8 million.

GUIDANCE:

Varonis Systems sees Q3 2024 EPS of $0.07-$0.08, versus the consensus of... More