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

Varonis Systems

30/10/2023 21:38

* Varonis Systems Inc  VRNS.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in
September. The mean expectation of twenty one analysts for the
quarter was for earnings of 2 cents per share.
    * Revenue fell 0.8% to $122.31 million from a year ago;
analysts
expected $125.35 million. 
    * Varonis Systems Inc's reported EPS for the quarter was a
loss
of 21 cents​.
    * The mean earnings estimate of analysts had fallen by
about 65.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Varonis Systems Inc shares had risen by 3.2% this
quarter and
gained 31.6% so far this year.
    * The company reported a quarterly loss of $23.02 million.
    * Wall Street's median 12-month price target for Varonis
Systems
Inc is $35.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 09:37 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.02           0.08           Beat
 Jun. 30 2023      0.02           0.01           Missed
 Mar. 31 2023      -0.05          0.00           Beat
 Dec. 31 2022      0.17           0.21           Beat