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

Varonis Systems

01/05/2023 23:05

* Varonis Systems Inc  VRNS.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in March. The mean
expectation of nineteen analysts for the quarter was for a loss
of 5 cents per share.
    * Revenue rose 11.5% to $107.34 million from a year ago;
analysts
expected $106.91 million. 
    * Varonis Systems Inc's reported EPS for the quarter was a
loss
of 35 cents​.
    * The mean earnings estimate of analysts had risen by
about 34.6%
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 fallen by 11.0% this
quarter and
lost 3.3% so far this year.
    * The company reported a quarterly loss of $38.3 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 "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
1 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.01          0.00           Beat