Equities research analysts forecast that Varonis Systems Inc (NASDAQ:VRNS) will post ($0.31) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Varonis Systems’ earnings. The lowest EPS estimate is ($0.32) and the highest is ($0.31). Varonis Systems posted earnings of ($0.23) per share in the same quarter last year, which indicates a negative year over year growth rate of 34.8%. The firm is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Varonis Systems will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.26. For the next year, analysts anticipate that the company will report earnings of $0.21 per share, with EPS estimates ranging from $0.14 to $0.27. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Varonis Systems.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.07. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The company had revenue of $73.20 million during the quarter, compared to the consensus estimate of $66.29 million. During the same period in the previous year, the company posted $0.24 earnings per share. Varonis Systems’s revenue for the quarter was up 34.6% on a year-over-year basis.
Shares of Varonis Systems (NASDAQ VRNS) traded up $4.35 during trading hours on Monday, reaching $56.30. The company’s stock had a trading volume of 1,482,700 shares, compared to its average volume of 303,052. Varonis Systems has a one year low of $26.35 and a one year high of $56.80. The firm has a market capitalization of $1,585.30, a P/E ratio of -108.27 and a beta of 0.89.
In other Varonis Systems news, CEO Yakov Faitelson sold 46,569 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $51.16, for a total value of $2,382,470.04. Following the completion of the sale, the chief executive officer now directly owns 211,572 shares in the company, valued at approximately $10,824,023.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Guy Melamed sold 897 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $48.95, for a total value of $43,908.15. Following the completion of the sale, the chief financial officer now owns 95,408 shares of the company’s stock, valued at $4,670,221.60. The disclosure for this sale can be found here. Insiders have sold 223,754 shares of company stock valued at $11,352,516 over the last quarter. 19.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of VRNS. Picton Mahoney Asset Management grew its holdings in Varonis Systems by 177.0% in the 4th quarter. Picton Mahoney Asset Management now owns 246,600 shares of the technology company’s stock valued at $11,973,000 after buying an additional 567,000 shares in the last quarter. BlackRock Inc. grew its holdings in Varonis Systems by 25.9% in the 4th quarter. BlackRock Inc. now owns 2,382,680 shares of the technology company’s stock valued at $115,680,000 after buying an additional 489,675 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Varonis Systems by 99.3% in the 4th quarter. Bank of New York Mellon Corp now owns 732,983 shares of the technology company’s stock valued at $35,586,000 after buying an additional 365,196 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Varonis Systems in the 4th quarter valued at $9,085,000. Finally, OppenheimerFunds Inc. purchased a new stake in Varonis Systems in the 4th quarter valued at $6,700,000. Institutional investors own 84.81% of the company’s stock.
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About Varonis Systems
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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