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 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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.