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

Varonis Systems

29/07/2024 22:45

* Varonis Systems Inc  VRNS.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The mean expectation of twenty
one analysts for the quarter was for a loss of 2 cents per
share. Wall Street expected results to range from -3 cents to -1
cents per share.
    * Revenue rose 12.9% to $130.35 million from a year ago;
analysts
expected $124.84 million. 
    * Varonis Systems Inc's reported EPS for the quarter was a
loss
of 21 cents​.
    * The company reported a quarterly loss of $23.95 million.
    * Varonis Systems Inc shares had risen by 1.0% this
quarter and
gained 7.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 115.4% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Varonis Systems
Inc is $55.00 
This summary was machine generated from LSEG data July 29 at
09:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.02          0.05           Beat
 Mar. 31 2024      -0.09          -0.03          Beat
 Dec. 31 2023      0.23           0.27           Beat
 Sep. 30 2023      0.02           0.08           Beat