Varonis Systems

Varonis Systems, Inc. engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.

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Varonis Systems (VRNS) reports strong Q4 performance amidst SaaS transition

Varonis Systems (VRNS) delivered a strong Q4 performance with notable growth in ARR and improved free cash flow despite margin headwinds from the SaaS transition.
The company's focus on the successful transition to SaaS, positive customer feedback on data protection, and budget allocation ease position Varonis for continued growth.
While facing challenges such as macroeconomic uncertainties and SaaS transition friction, Varonis sees opportunities in advanced SaaS features and customer data security priorities.

Varonis Systems excels in Q1 with strong SaaS adoption

Varonis Systems delivered strong Q1 performance driven by successful SaaS transition, exceeding guidance and showcasing robust ARR growth.
While facing challenges in EMEA and sales transitions, the company remains optimistic about the positive momentum in SaaS adoption and customer value proposition.
Varonis sees opportunities in continued SaaS adoption, leveraging positive feedback to drive further growth and enhance customer offerings.

Varonis excels in Q2 with strong SaaS adoption and financial growth

Varonis Systems' Q2 performance reflects strong SaaS adoption, financial growth, and successful transition strategies.
The company's focus on preventing insider threats and enhancing customer experience through SaaS positions them for future success.
While challenges like pricing, conversions, and maintaining excitement exist, Varonis has opportunities for growth and market leadership.
Varonis' confidence in generating leverage through SaaS and commitment to the transition bode well for continued progress and success.

Varonis Systems excels in Q3 with strong SaaS growth

Varonis Systems delivered strong Q3 results, showcasing growth in ARR, free cash flow, and SaaS adoption, exceeding guidance and expectations.
Despite challenges in AI impact and revenue headwinds, Varonis remains confident in its growth trajectory and ability to navigate operational hurdles.
The company's focus on SaaS, AI integration, and customer conversions presents opportunities for expansion, market penetration, and revenue growth.
Varonis' strategic approach to data security and comprehensive protection platform differentiates it in the market, driving customer value and sales.

Varonis Systems excels in SaaS momentum but faces ARR growth challenges

Varonis Systems showcased strong financial performance and strategic focus on SaaS transition and new services, driving growth and value for customers.
While facing challenges in ARR growth deceleration, the company remains optimistic about positive trends and opportunities in the SaaS market.
Varonis aims to maintain its growth trajectory, update guidance as needed, and achieve its $1 billion target for 2027, despite the accelerated transition timeline.

Varonis Systems excels in Q1 with strong SaaS growth and MDDR success

Varonis Systems delivered a strong Q1 performance with notable ARR and revenue growth, driven by successful SaaS transition and new product offerings.
The company's focus on data security, particularly with the MDDR service, is resonating well with customers and driving increased customer lifetime value.
While facing challenges in sales cycle predictability and cash flow management, Varonis is well-positioned to capitalize on Gen AI adoption and market opportunities.

Varonis Systems reports solid Q2 results and optimistic 2024 outlook

Varonis Systems demonstrated strong financial performance in Q2 2024, driven by robust ARR growth and strategic focus on data protection.
While facing challenges in maintaining margins and addressing analyst inquiries, the company remains optimistic about its trajectory.
With a solid financial outlook, Varonis is well-positioned to capitalize on opportunities in the data security market and drive continued growth.

Varonis Systems reports robust Q3 performance amidst SaaS growth

Varonis Systems delivered a strong Q3 2024 performance with notable growth in SaaS revenues and ARR.
The company's focus on data security, SaaS transition, and MDDR offerings has positioned it well for future growth.
While facing challenges in the federal business segment, Varonis remains optimistic about future opportunities and growth potential.
Analysts and investors are closely monitoring Varonis' performance and strategic moves for 2025.

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Varonis Systems, Inc. engages in the provision of a security software platform. Its software enables enterprises and industries to protect data stored in the cloud and on-premises including sensitive files and emails, confidential personal data belonging to customers, patients, and employees, financial records, source code, strategic, and product plans, and other intellectual property. It operates through the following geographical segments: North America, Europe, Middle East, and Africa, and Rest of the World. The company was founded by Yakov Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.

Varonis Systems, Inc. (NASDAQ: VRNS) priced 2.307 million shares at $195 per share to raise $450 million in its upsized secondary offering. The offer price is at a 2% premium to its last closing price and was upsized from $400 million earlier.

Varonis Systems Raises $450M In Upsized Secondary Offering

NEW YORK, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) (“Varonis”) today announced it has priced its upsized underwritten public offering of 2,307,693 shares of its common stock, at a price of $195.00 per share, for total gross proceeds of approximately $450 million, before deducting the underwriters' discount and estimated offering expenses payable by Varonis. Varonis granted the underwriters of the offering a 30-day option to purchase up to an additional 346,153 shares of common stock. The offering is expected to close on February 16, 2021, subject to customary closing conditions.

Varonis Systems, Inc. Announces Pricing of Upsized Follow-on Offering of Common Stock

On Wednesday, Varonis Systems got an upgrade for its IBD SmartSelect Composite Rating from 91 to 97. The post Varonis Systems Sees Composite Rating Improve To 97 appeared first on Investor's Business Daily.

Varonis Systems Sees Composite Rating Improve To 97

NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) (“Varonis”) today announced the launch of an underwritten public offering of $400.0 million of shares of its common stock. Varonis expects to grant the underwriters of the offering a 30-day option to purchase up to $60.0 million of additional shares of common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Varonis Systems, Inc. Announces Proposed Follow-on Offering of Common Stock

The cybersecurity specialist reported quarterly results and announced a stock split.

Why Varonis Stock Jumped Today

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Varonis Systems, Inc. (VRNS) CEO Yaki Faitelson on Q4 2020 Results - Earnings Call Transcript

Shares of Varonis Systems (NASDAQ:VRNS) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 477.78% over the past year to $0.34, which beat the estimate of $0.12.

Varonis Systems: Q4 Earnings Insights

Q4 2020 revenues grew 31% year-over-year to $95.2 millionAnnual recurring revenues of $287.3 million, representing growth of 37% over Q4 2019Company announces three-for-one stock split

Varonis Announces Fourth Quarter and Full-Year 2020 Financial Results

Varonis Systems (NASDAQ:VRNS) announces its next round of earnings this Monday, February 08. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.

Earnings Preview for Varonis Systems

Varonis Data Security Platform selected for its ability to combat ransomware while providing "wider utility and applicability in addressing other types of cyber risk" Varonis Data Security Platform selected for its ability to combat ransomware while providing "wider utility and applicability in addressing other types of cyber risk"

Varonis Data Security Platform Receives 2020 Cyber Catalyst Designation

NEW YORK, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announced that it will report its fourth quarter and full-year 2020 financial results following the close of the U.S. financial markets on Monday, February 8, 2021.

Varonis Announces Date of Fourth Quarter and Full-Year 2020 Financial Results

Last month's massive cyberattack is expected to boost demand for cybersecurity offerings.

Why Varonis Stock Jumped 36% in December

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Certification validates that the Varonis Data Security Platform meets strict security requirements for U.S. National Security System procurement Certification validates that the Varonis Data Security Platform meets strict security requirements for U.S. National Security System procurement

Varonis Achieves NIAP Common Criteria Certification

Varonis reported another solid quarter and guided up 4Q. Management continues to exude confidence in its pipeline and growth prospects. COVID-19 continues to drive Work From Home (WFH) and VRNS business. With the pandemic showing no signs of slowing, companies are investing in securing their assets.

Varonis: Another Blockbuster Quarter; Acquisition To Fuel Platform Growth

The data security and analytics specialist delivered a non-GAAP profit where Wall Street analysts had expected a loss.

Why Shares of Varonis Systems Jumped Today

Varonis Systems, Inc. (VRNS) CEO Yaki Faitelson on Q3 2020 Results - Earnings Call Transcript

Varonis (VRNS) delivered earnings and revenue surprises of 150.00% and 9.46%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Varonis Systems (VRNS) Tops Q3 Earnings and Revenue Estimates

Total revenue growth of 17% included a 99% subscription mix, compared to 74% in Q3 2019Annual recurring revenues of $261.1 million, representing growth of 46% over Q3 2019Announces agreement to acquire Polyrize to expand the Varonis Data Security Platform to cover additional cloud applications and infrastructure

Varonis Announces Third Quarter 2020 Financial Results

NEW YORK, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, welcomes attendees to NetApp INSIGHT for the Americas, APAC, and EMEA. The virtual events will be held on October 26-27 (Americas), October 28 (APAC), and October 29 (EMEA).

Varonis at NetApp INSIGHT 2020: Learn How to Protect Your Hybrid Cloud from Evolving Ransomware Threats

NEW YORK, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announced that it will report its third quarter 2020 financial results following the close of the U.S. financial markets on Monday, October 26, 2020.

Varonis Announces Date of Third Quarter 2020 Financial Results

NEW YORK, Sept.  10, 2020  (GLOBE NEWSWIRE) --  Varonis Systems, Inc.  (Nasdaq: VRNS), a pioneer in data security and analytics, welcomes attendees to the virtual Gartner Security & Risk Management Summit 2020 for the  Americas  and  EMEA . Both virtual events will be held September 14-17.

Varonis Showcases Data-Centric Security at the Virtual Gartner Security & Risk Management Summit 2020, Americas and EMEA

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News for Varonis Systems Stock (VRNS)