Varonis Systems Inc reports results for the quarter ended in June - Earnings Summary

Varonis Systems

31/07/2023 22:01

* Varonis Systems Inc  VRNS.OQ  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in June.
The mean expectation of twenty one analysts for the quarter was
for earnings of 2 cents per share.
    * Revenue rose 3.6% to $115.42 million from a year ago;
analysts
expected $119.13 million. 
    * Varonis Systems Inc's reported EPS for the quarter was a
loss
of 35 cents​.
    * The mean earnings estimate of analysts had fallen by
about 50.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Varonis Systems Inc shares had risen by 5.2% this
quarter and
gained 17.1% so far this year.
    * The company reported a quarterly loss of $38.7 million.
    * Wall Street's median 12-month price target for Varonis
Systems
Inc is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.02           0.01           Missed
 Mar. 31 2023      -0.05          0.00           Beat
 Dec. 31 2022      0.17           0.21           Beat
 Sep. 30 2022      0.06           0.05           Missed