Varonis Systems, Inc. (NASDAQ:VRNS – Get Free Report) rose 6.9% on Tuesday after TD Cowen raised their price target on the stock from $40.00 to $50.00. TD Cowen currently has a buy rating on the stock. Varonis Systems traded as high as $48.58 and last traded at $48.5270. Approximately 548,204 shares traded hands during trading, a decline of 80% from the average daily volume of 2,724,927 shares. The stock had previously closed at $45.38.
Several other brokerages have also commented on VRNS. UBS Group raised their price objective on Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. Citigroup lifted their price target on shares of Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Barclays lifted their target price on shares of Varonis Systems from $33.00 to $52.00 and gave the company an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.20.
Read Our Latest Report on Varonis Systems
Institutional Investors Weigh In On Varonis Systems
Varonis Systems Stock Up 6.4%
The company has a 50 day moving average price of $34.61 and a two-hundred day moving average price of $29.54. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $5.54 billion, a PE ratio of -42.35 and a beta of 0.83.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Analysts expect that Varonis Systems, Inc. will post -1.04 EPS for the current year.
Varonis Systems Company Profile
Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.
Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.
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