Varonis Systems (NASDAQ:VRNS) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Varonis Systems (NASDAQ:VRNS) announced its quarterly earnings results on Tuesday. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03, FiscalAI reports. The firm had revenue of $180.02 million during the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. Varonis Systems updated its FY 2026 guidance to 0.140-0.150 EPS and its Q3 2026 guidance to 0.020-0.030 EPS.

Varonis Systems Trading Down 4.3%

VRNS stock traded down $2.00 during midday trading on Tuesday, reaching $44.67. The company’s stock had a trading volume of 4,476,735 shares, compared to its average volume of 2,688,088. Varonis Systems has a 1 year low of $19.70 and a 1 year high of $63.90. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of -39.18 and a beta of 0.83. The stock has a fifty day simple moving average of $38.34 and a two-hundred day simple moving average of $30.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69.

Institutional Investors Weigh In On Varonis Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new position in Varonis Systems in the 1st quarter worth about $233,000. Caxton Associates LLP purchased a new position in Varonis Systems during the 1st quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Varonis Systems by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock valued at $25,049,000 after buying an additional 64,636 shares during the period. Russell Investments Group Ltd. boosted its stake in Varonis Systems by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock valued at $1,158,000 after acquiring an additional 628 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Varonis Systems by 8.6% in the 2nd quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after acquiring an additional 7,618 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VRNS. Citigroup restated an “overweight” rating on shares of Varonis Systems in a research report on Friday. Stephens raised Varonis Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $33.00 to $45.00 in a research report on Wednesday, June 24th. DA Davidson raised their price target on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $55.00 price objective (up from $35.00) on shares of Varonis Systems in a research note on Friday. Finally, Rosenblatt Securities assumed coverage on shares of Varonis Systems in a research report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and a consensus target price of $46.26.

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.