Over a week ago
Recommendations
Barclays analyst Saket…
Barclays analyst Saket Kalia raised the firm's price target on Varonis Systems to $30 from $29 and keeps an Equal Weight rating on the shares. The company hosted its analyst day where it outlined its software-as-a-service transition, the analyst tells investors in a research note. The firm says annual recurring revenue and free cash flow "will be the north stars through the transition."
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01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 03/15/23 Wells Fargo Varonis upgraded to Equal Weight from Underweight at Wells Fargo 02/07/23 Barclays Varonis price target raised to $29 from $26 at Barclays 02/07/23 Piper Sandler Varonis price target raised to $25 from $23 at Piper Sandler 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 03/14/23 Varonis sees 2023 EPS 33c-35c, consensus 34c 03/14/23 Varonis sees Q1 EPS (5c)-(4c), consensus (5c) 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Upgrade
Wells Fargo analyst…
Wells Fargo analyst Andrew Nowinski upgraded Varonis Systems to Equal Weight from Underweight with an unchanged price target of $26. The company's software-as-a-service transition creates a path to $1B in annual recurring revenue by 2027, the analyst tells investors in a research note.
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01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/07/23 Barclays Varonis price target raised to $29 from $26 at Barclays 02/07/23 Piper Sandler Varonis price target raised to $25 from $23 at Piper Sandler 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 03/14/23 Varonis sees 2023 EPS 33c-35c, consensus 34c 03/14/23 Varonis sees Q1 EPS (5c)-(4c), consensus (5c) 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Conference/Events
Virtual Investor Day to…
Virtual Investor Day to be held on March 14 at 9 am. Webcast Link
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01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/07/23 Barclays Varonis price target raised to $29 from $26 at Barclays 02/07/23 Piper Sandler Varonis price target raised to $25 from $23 at Piper Sandler 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 03/14/23 Varonis sees 2023 EPS 33c-35c, consensus 34c 03/14/23 Varonis sees Q1 EPS (5c)-(4c), consensus (5c) 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Earnings
Sees revenue $519M-$529M,…
Sees revenue $519M-$529M, consensus $524.52M. Sees ARR of $513M to $523M, or year-over-year growth of 10% to 12%; Free cash flow of $20M to $25M; Non-GAAP operating income of $36M to $41M.
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01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/07/23 Barclays Varonis price target raised to $29 from $26 at Barclays 02/07/23 Piper Sandler Varonis price target raised to $25 from $23 at Piper Sandler 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 03/14/23 Varonis sees Q1 EPS (5c)-(4c), consensus (5c) 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 02/06/23 Varonis reports Q4 EPS 24c, consensus 17c 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Earnings
Sees revenue $106M-$108M,…
Sees revenue $106M-$108M, consensus $106.9M. Varonis Systems is hosting an Investor Day today, in New York, beginning at 9.00 a.m. ET. Members of the Varonis executive management team will provide an update on the company's vision and SaaS transition strategy followed by a question and answer session.
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01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/07/23 Barclays Varonis price target raised to $29 from $26 at Barclays 02/07/23 Piper Sandler Varonis price target raised to $25 from $23 at Piper Sandler 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 02/06/23 Varonis reports Q4 EPS 24c, consensus 17c 02/06/23 Notable companies reporting after market close 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Conference/Events
Virtual Investor Day to…
Virtual Investor Day to be held on March 14 at 9 am. Webcast Link
Show Hide Related Items >> <<
01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/07/23 Barclays Varonis price target raised to $29 from $26 at Barclays 02/07/23 Piper Sandler Varonis price target raised to $25 from $23 at Piper Sandler 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 02/06/23 Varonis reports Q4 EPS 24c, consensus 17c 02/06/23 Notable companies reporting after market close 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Conference/Events
Virtual Investor Day to…
Virtual Investor Day to be held on March 14 at 9 am. Webcast Link
Show Hide Related Items >> <<
01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/07/23 Barclays Varonis price target raised to $29 from $26 at Barclays 02/07/23 Piper Sandler Varonis price target raised to $25 from $23 at Piper Sandler 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 02/06/23 Varonis reports Q4 EPS 24c, consensus 17c 02/06/23 Notable companies reporting after market close 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Over a month ago
Recommendations
Barclays analyst Saket…
Barclays analyst Saket Kalia raised the firm's price target on Varonis to $29 from $26 and keeps an Equal Weight rating on the shares post the Q4 results.
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01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/07/23 Piper Sandler Varonis price target raised to $25 from $23 at Piper Sandler 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 01/30/23 Baird Varonis downgraded to Neutral at Baird on lack of near-term drivers 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 02/06/23 Varonis reports Q4 EPS 24c, consensus 17c 02/06/23 Notable companies reporting after market close 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Recommendations
Piper Sandler analyst Rob…
Piper Sandler analyst Rob Owens raised the firm's price target on Varonis to $25 from $23 and keeps a Neutral rating on the shares. The company's Q4 results came in slightly ahead of conservative expectations despite headwinds from currency, budget scrutiny and longer sales cycles all contributing to a challenging environment, the analyst tells investors in a research note. The analyst sees a fair valuation at current share levels.
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01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 01/30/23 Baird Varonis downgraded to Neutral at Baird on lack of near-term drivers 01/30/23 Baird Varonis downgraded to Neutral from Outperform at Baird 02/06/23 Varonis sees FY23 EPS 33c-35c, consensus 26c 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 02/06/23 Varonis reports Q4 EPS 24c, consensus 17c 02/06/23 Notable companies reporting after market close 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
Earnings
Sees FY23 revenue…
Sees FY23 revenue $519M-$529M, consensus $525.48M. Sees FY23 operating income $36M-$41M. Sees FY23 ARR $513M-$523M.
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01/31/23 Varonis announces proactive incident response for SaaS customers 01/26/23 Varonis launches automated posture management to fix cloud security risks 01/17/23 Varonis introduces least privilege automation 12/20/22 Varonis' cloud-hosted data security platform achieves SOC 2 Type II compliance 02/02/23 Needham Varonis downgraded to Hold after rally at Needham 02/02/23 Needham Varonis downgraded to Hold from Buy at Needham 01/30/23 Baird Varonis downgraded to Neutral at Baird on lack of near-term drivers 01/30/23 Baird Varonis downgraded to Neutral from Outperform at Baird 02/06/23 Varonis sees Q1 EPS (5c)-(4c), consensus (7c) 02/06/23 Varonis reports Q4 EPS 24c, consensus 17c 02/06/23 Notable companies reporting after market close 10/31/22 Varonis cuts FY22 EPS view to 14c-15c from 19c-22c, consensus 20c 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/28/23 Buy/Sell: Wall Street's top 10 stock calls this week 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/05/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/31/22 Varonis options imply 9.1% move in share price post-earnings
