Varonis Systems Inc reports results for the quarter ended June 30 - Earnings Summary
Varonis Systems Inc reports results for the quarter ended June 30 - Earnings Summary
Varonis Systems Inc VRNS.OQ reported quarterly adjusted earnings of 4 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of twenty three analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 1 cents per share.
Revenue rose 18.3% to $180.02 million from a year ago; analysts expected $176.77 million.
Varonis Systems Inc's reported EPS for the quarter was a loss of 41 cents.
The company reported a quarterly loss of $46.81 million.
Varonis Systems Inc shares had risen by 11.2% this quarter and gained 42.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 14.9% 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 18 "strong buy" or "buy," 6 "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 $50.00, about 10.7% above its last closing price of $44.67
This summary was machine generated from LSEG data July 29 at 12:09 a.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 2026 | 0.01 | 0.04 | Beat |
Mar. 31 2026 | -0.05 | 0.06 | Beat |
Dec. 31 2025 | 0.03 | 0.08 | Beat |
Sep. 30 2025 | 0.06 | 0.06 | Met |
Recent news on Varonis Systems
See all newsMedia: Proofpoint locks in $1.25 billion in financing for Varonis Systems deal - Bloomberg News
Advisory: Alert from law firm tagged to multiple companies withdrawn
US STOCKS ON THE MOVE-NiSource, Hewlett Packard, Sandisk
US STOCKS ON THE MOVE-CoreWeave, Moderna, Fox Corp
Deals of the day-Mergers and acquisitions