Varonis Systems Inc

Varonis Systems Inc Stock Forecast & Price Prediction

Live Varonis Systems Inc Stock (VRNS) Price
$56.48

10

Ratings

  • Buy 8
  • Hold 2
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$56.48

P/E Ratio

-61.39

Volume Traded Today

$1.1M

Dividend

Dividends not available for VRNS

52 Week High/low

58.32/29.75

Varonis Systems Inc Market Cap

$6.34B

๐Ÿ›‘ Alert: These ten stocks could have higher potential than $VRNS ๐Ÿ›‘

Before you buy VRNS you'll want to see this list of ten stocks that have huge potential. Want to see if VRNS made the cut? Enter your email below

VRNS Summary

From what 10 stock analysts predict, the share price for Varonis Systems Inc (VRNS) might increase by 3.36% in the next year. This is based on a 12-month average estimation for VRNS. Price targets go from $47 to $67. The majority of stock analysts believe VRNS is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

VRNS Analyst Ratings

VRNS is a stock in Technology which has been forecasted to be worth $58.38 as an average. On the higher end, the forecast price is $67 USD by Saket Kalia from Barclays and on the lower end VRNS is forecasted to be $47 by from Barclays.

VRNS stock forecast by analyst

These are the latest 20 analyst ratings of VRNS.

Analyst/Firm

Rating

Price Target

Change

Date

Daniel Ives
Wedbush

Outperform

$67

Reiterates

Aug 26, 2024
Saket Kalia
Barclays

Overweight

$60

Maintains

Jul 30, 2024
Shaul Eyal
TD Cowen

Buy

$65

Maintains

Jul 30, 2024
Matthew Hedberg
RBC Capital

Outperform

$65

Maintains

Jul 30, 2024
Daniel Ives
Wedbush

Outperform

$67

Maintains

Jul 30, 2024
Shrenik Kothari
Baird

Outperform

$60

Upgrade

Jul 30, 2024
Joel Fishbein
Truist Securities

Buy

$60

Reiterates

Jul 30, 2024
Andrew Nowinski
Wells Fargo

Equal-Weight

$48

Maintains

Jul 30, 2024
Shyam Patil
Susquehanna

Positive

$65

Maintains

Jul 30, 2024
Rob Owens
Piper Sandler

Neutral

$48

Maintains

Jul 30, 2024
Alex Henderson
Needham

Hold


Reiterates

Jul 30, 2024
Shrenik Kothari
Baird

Neutral

$52

Maintains

Jul 26, 2024
Saket Kalia
Barclays

Overweight

$55

Maintains

Jul 11, 2024
Brian Essex
JP Morgan

Overweight

$54

Upgrade

Jun 14, 2024
Alex Henderson
Needham

Hold


Reiterates

May 13, 2024
Shrenik Kothari
Baird

Neutral

$50

Maintains

May 7, 2024
Matthew Hedberg
RBC Capital

Outperform

$58

Maintains

May 7, 2024
Matthew Hedberg
RBC Capital

Outperform

$56

Reiterates

Mar 15, 2024
Joel Fishbein
Truist Securities

Buy

$55

Reiterates

Mar 13, 2024
Shrenik Kothari
Baird

Neutral

$48

Maintains

Feb 6, 2024

VRNS Company Information

What They Do: Provides data management and security software.

Business Model: Varonis Systems generates revenue by offering software products that help enterprises manage, analyze, and secure their data. Their solutions are sold through a network of distributors and resellers, targeting various sectors including financial services, healthcare, and technology.

Other Information: Founded in 2004 and headquartered in New York, Varonis serves clients globally, helping them protect sensitive data stored on-premises and in the cloud. Their product suite includes tools for data analysis, alerting, classification, and transport, making them a comprehensive provider in the data security space.
VRNS
Varonis Systems Inc (VRNS)

When did it IPO

2014

Staff Count

2,233

Country

United States

Sector/Industry

Technology/Software - Infrastructure

CEO

Mr. Yakov Faitelson

Market Cap

$6.34B

Varonis Systems Inc (VRNS) Financial Data

In 2023, VRNS generated $499.2M in revenue, which was a increase of 5.39% from the previous year. This can be seen as a signal that VRNS's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$292.7M

Revenue From 2021

$390.1M

33.29 %
From Previous Year

Revenue From 2022

$473.6M

21.40 %
From Previous Year

Revenue From 2023

$499.2M

5.39 %
From Previous Year
  • Revenue TTM $520.8M
  • Operating Margin TTM -22.1%
  • Gross profit TTM $427.4M
  • Return on assets TTM -6.5%
  • Return on equity TTM -19.0%
  • Profit Margin -17.0%
  • Book Value Per Share 4.09%
  • Market capitalisation $6.34B
  • Revenue for 2021 $390.1M
  • Revenue for 2022 $473.6M
  • Revenue for 2023 $499.2M
  • EPS this year (TTM) $-0.79

Varonis Systems Inc (VRNS) Latest News

News Image

Fri, 27 Sep 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - VRNS and QLYS in the Zacks Security industry are positioned to benefit from the ongoing hybrid work trend and digital transformation initiatives.

Why It Matters - The hybrid working trend and digital transformation boost demand for cybersecurity solutions, positively impacting companies like VRNS and QLYS, indicating potential growth and investment opportunities.

News Image

Wed, 11 Sep 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Four stocks in the big data sector with potential for short-term price appreciation are ANSYS (ANSS), Datadog (DDOG), PROS Holdings (PRO), and Verint Systems (VRNS).

Why It Matters - These stocks in the big data sector may experience short-term price increases, indicating potential investment opportunities for profit-seeking traders.

News Image

Thu, 05 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Varonis Systems plans to offer $350 million in Convertible Senior Notes due 2029 in a private placement, with a potential additional $52.5 million option for initial purchasers.

Why It Matters - Varonis Systems' $350 million convertible notes offering signals potential capital raising for growth or debt management, influencing investor sentiment and stock volatility.

News Image

Thu, 05 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Varonis Systems has priced a private offering of $400 million in 1.00% Convertible Senior Notes due 2029, increasing from an initial $350 million. The sale closes on Sept 10, 2024.

Why It Matters - Varonis' $400 million convertible notes offering indicates capital raising efforts, which could impact liquidity and future share dilution, affecting stock performance and investor sentiment.

News Image

Mon, 26 Aug 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Varonis Systems, Inc. (Nasdaq: VRNS) will participate in an upcoming conference, indicating ongoing engagement in industry events.

Why It Matters - Varonis Systems' conference participation may indicate potential growth opportunities, investor interest, and insights into future strategies, impacting stock performance and market perception.

News Image

Mon, 19 Aug 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Varonis Systems (VRNS) is being evaluated for its potential as a top stock pick for momentum investors. Further analysis is needed to determine its viability.

Why It Matters - The mention of Varonis Systems as a potential top pick for momentum investors suggests possible upward price movement, attracting attention to its stock performance and growth potential.

...

VRNS Frequently asked questions

The highest forecasted price for VRNS is $67 from Saket Kalia at Barclays.

The lowest forecasted price for VRNS is $47 from from Barclays

The VRNS analyst ratings consensus are 8 buy ratings, 2 hold ratings, and 0 sell ratings.