The improved earnings quality is just one of many advantages of this shift. For instance, now that VRNS hosts for customers, SaaS provides superior remediation at a lower IT cost. Customers won’t have to spend a lot of money or wait a long time to put this into action, which should make it easier for them to adopt. 20 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Varonis Systems in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 10 buy ratings for the stock.
VRNS’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Last month’s massive cyberattack is expected to boost demand for cybersecurity offerings.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. We view Varonis Systems as a strong data security vendor that occupies a tough competitive landscape. The firm’s solutions revolve around data security, privacy, and compliance.
Varonis Systems MarketRank™ Forecast
Remember that these clients are easy to get in touch with due to the established rapport, so the time required to convert is way less than finding new prospects. Even though VRNS’s primary business strategy remains the sale of SaaS to new customers, positive results from the conversion have been visible in the most recent quarter. Upon renewal in 1Q23, the company saw a couple hundred thousand on-premises customers switch to the SaaS model. Expansion allows Varonis customers to achieve automated data security outcomes while following national standards for data privacy Expansion allows Varonis customers to achieve automated data security… Expansion allows Varonis customers to achieve automated data security outcomes while following data privacy principles Expansion allows Varonis customers to achieve automated data security outcomes wh… Varonis Systems issued an update on its third quarter 2023 earnings guidance on Monday, July, 31st.
While near-term challenges persist due to economic uncertainties, the potential benefits of SaaS adoption are substantial, including improved attach rates, pricing, and margins. My fair value estimate for VRNS stands at $39, driven by the anticipation of accelerated growth as the SaaS shift matures, closing the valuation gap with faster-growing peers. Although risks exist, such as potential delays in the transition impacting growth expectations, VRNS has a historical precedent of robust growth, which bodes well for its future. Overall, I recommend a buy rating for VRNS, emphasizing its potential for long-term growth and improved market positioning through its successful SaaS transformation. High-growth stocks tend to represent the technology, healthcare, and communications sectors.
The newly minted shares were distributed to shareholders after the closing bell on Friday, March 12th 2021. An investor that had 100 shares of stock prior to the split would have 300 shares after the split. Style is an investment factor that has a meaningful impact on investment risk and returns.
Varonis Announces Second Quarter 2023 Financial Results
Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. However, I remain cautious about the near-term performance, as management commentary regarding the macroeconomy suggests that it is still challenging.
Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
Varonis upgraded to buy from hold at Benchmark
The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a bullish kicker Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
One share of VRNS stock can currently be purchased for approximately $31.58. 332 employees have rated Varonis Systems Chief Executive Officer Yaki Faitelson on Glassdoor.com. Yaki Faitelson has an approval rating of 85% among the company’s employees. Sign-up to receive the latest news and ratings for Varonis Systems and its competitors with MarketBeat’s FREE daily newsletter.
Visit North Hall, Booth #5345, to learn how Varonis’ new SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort Visit North Hall, Booth #5345… Visit booth 912 to learn how the Varonis SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort Visit booth 912 to learn how the Varonis SaaS… We’d like to share more about how we work and what drives our day-to-day business. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of VRNS’s
competitive advantage. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company.
The company provided earnings per share guidance of $0.02-$0.03 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $123.50 million-$127.00 million, compared to the consensus revenue estimate of $133.42 million. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
Competitors & Peers
Since then, VRNS stock has increased by 31.9% and is now trading at $31.58. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Compare
VRNS’s historical performance
against its industry peers and the overall market.
Test your hacking skills, attend a live cloud attack simulation, and see how Varonis delivers automated data security outcomes Test your hacking skills, attend a live cloud attack simulation, and see … According to 17 analysts, the average rating for VRNS stock is “Buy.” The 12-month stock price forecast is $34.5, which is an increase of 9.25% from the latest price. The technique has proven to be very useful for finding positive surprises.
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VRNS’s historical performance
against its industry peers and the overall market.
- Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
- And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
- The technique has proven to be very useful for finding positive surprises.
The CEO or Chief Executive Officer is a company’s leader and the individual who is supposed to have the greatest vision and insight into where the company is heading. Reduce your cloud attack surface by discovering and remediating risky third-party integrations connected to Microsoft 365, Google Workspace, and Salesforce Reduce your cloud attack surface by discover… SEATTLE–(BUSINESS WIRE)–Qumulo, the simple way to manage exabyte-scale data anywhere, today announced integration with the Varonis Data Security Platform and introduced their new Snapshot-Locking ca…
Despite progress in the SaaS migration, VRNS experienced a slowdown in ARR for another consecutive quarter. Specifically, ARR slowed to 16.6% y/y, a trend that continued throughout 2022. Therefore, I anticipate that SaaS https://1investing.in/ cross-sell will propel robust license adoption in the long run. Just to give you some perspective, VRNS has thousands of on-premise customers they could easily convert with the help of discounts (in my opinion).
The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Effortlessly eliminate cloud data exposure with the industry’s first fully autonomous remediation engine Effortlessly eliminate cloud data exposure with the industry’s first fully autonomous remediati… Varonis’ annual channel awards honor partners that have gone above and beyond to safeguard data for customers worldwide Varonis’ annual channel awards honor partners that have gone above and beyond to…
The consensus among Wall Street equities research analysts is that investors should “hold” VRNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VRNS, but not buy additional shares or sell existing shares. On average, they predict the company’s stock price to reach $33.42 in the next year. View analysts price targets for VRNS or view top-rated stocks among Wall Street analysts. VRNS is on a promising trajectory with its SaaS transition, marking steady progress and enhancing its earnings quality.