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.

The Varonis Data Security Platform received the most five-star reviews on Gartner Peer Insights in both File Analysis Software and User Entity Behavior Analytics Solutions categories as of June 27, 2020 The Varonis Data Security Platform received the most five-star reviews on Gartner Peer Insights in both File Analysis Software and User Entity Behavior Analytics Solutions categories as of June 27, 2020

Varonis Recognized in 2020 Gartner Peer Insights ‘Voice of the Customer’: File Analysis Software with Highest All-Time Ranking for Five-Star Reviews

Varonis reported a solid quarter and guided up 3Q. Management exuded confidence on business prospects and pipeline driven by the market need for its solutions.

Varonis - Blockbuster Quarter, Positioned Well For Growth Making It A Buy

The company posted impressive recurring-revenue growth by providing important security products for an increasingly remote workforce.

Here's Why Varonis Systems Stock Was Going Up Today

Attend online sessions and join Platinum Sponsor Varonis in the virtual Business Hall to learn how to boost visibility and detect threats against your on-prem and cloud data Attend online sessions and join Platinum Sponsor Varonis in the virtual Business Hall to learn how to boost visibility and detect threats against your on-prem and cloud data

Black Hat 2020: Varonis Talks MS Teams, Office 365 Security, and Work-From-Home Wi-Fi Hacking

Varonis Systems, Inc. (VRNS) CEO Yaki Faitelson on Q2 2020 Results - Earnings Call Transcript

Annual recurring revenues of $235.7 million, representing growth of 52% over Q2 2019Subscription revenues mix of 99%, compared to 56% in Q2 2019

Varonis Announces Second Quarter 2020 Financial Results

Varonis: Follow The Data

Varonis: Fighting A Different Battle Than Traditional Cybersecurity Companies

NEW YORK, July  09, 2020  (GLOBE NEWSWIRE) --  Varonis Systems, Inc.  (Nasdaq: VRNS), a pioneer in data security and analytics, announced that it will report its second quarter 2020 financial results following the close of the U.S. financial markets on Monday, August 3, 2020.

Varonis Announces Date of Second Quarter 2020 Financial Results

Updates to the Varonis Data Security Platform help enterprises better secure their remote workforces with greater visibility and threat detection related to VPN and data access activity Updates to the Varonis Data Security Platform help enterprises better secure their remote workforces with greater visibility and threat detection related to VPN and data access activity

Varonis Announces New Platform Update Featuring Remote Work Cybersecurity Capabilities

NEW YORK, May  07, 2020  (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) (“Company” or “Varonis”), announced today that it priced a private offering of $220.0 million aggregate principal amount of 1.25% Convertible Senior Notes due 2025 (the “Notes”).  The Notes will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).  The Company also granted to the initial purchasers of the Notes a 13-day option to purchase up to an additional $33.0 million aggregate principal amount of Notes.  The sale is expected to close on May 11, 2020, subject to satisfaction of the conditions to closing.

Varonis Systems, Inc. Announces Pricing of $220 Million Offering of Convertible Senior Notes

NEW YORK, May  06, 2020  (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) (“Company” or “Varonis”) announced today its intention to offer $175 million aggregate principal amount of Convertible Senior Notes due 2025 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions and other factors.  The Company also expects to grant to the initial purchasers of the Notes a 13-day option to purchase up to an additional $26.25 million aggregate principal amount of Notes.

Varonis Systems, Inc. Announces Proposed Offering of $175 Million of Convertible Senior Notes

Varonis Systems, Inc. (VRNS) CEO Yakov Faitelson on Q1 2020 Results - Earnings Call Transcript

Varonis (VRNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Varonis Systems (VRNS) Q1 Earnings Expected to Decline

Varonis Systems Inc. VRNS, +7.60% shares fell in the extended session Monday after the data security company cut its outlook for the first quarter and pulled its forecast for the year because of the COVID-19 pandemic.

Varonis stock falls as forecast cut due to coronavirus pandemic

Learn how to secure your sensitive data in Office 365 and Microsoft Teams, join a session on recent attack patterns, and compete in a Wi-Fi hacking duel with Varonis Learn how to secure your sensitive data in Office 365 and Microsoft Teams, join a session on recent attack patterns, and compete in a Wi-Fi hacking duel with Varonis

RSA 2020: Varonis Showcases Scalable Cloud Data Protection with Gold Sponsorship

Varonis Systems, Inc. (VRNS) CEO Yakov Faitelson on Q4 2019 Results - Earnings Call Transcript

Varonis (VRNS) delivered earnings and revenue surprises of 10.00% and 0.71%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Varonis Systems (VRNS) Reports Q4 Loss, Tops Revenue Estimates

Varonis Systems, Inc.: An Appealing Profit-Gaining Opportunity

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Software Stocks Pair Trade: VRNS vs CVLT

The security-software company lowered its full-year targets, but the market seems to be impressed by growth for subscription sales.

Why Varonis Systems Climbed 19.7% in October

The data analytics company beat expectations as it rapidly shifts to subscriptions.

Why Shares of Varonis Systems Are Surging Today

Varonis Systems, Inc. (VRNS) CEO Yaki Faitelson on Q3 2019 Results - Earnings Call Transcript

Varonis (VRNS) delivered earnings and revenue surprises of 52.94% and 6.70%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Varonis Systems (VRNS) Reports Q3 Loss, Tops Revenue Estimates

Annual recurring revenues grew to $178.9 million, a 52% increase over third quarter 2018 Subscription revenues increased to 74% of third quarter 2019 license revenues Raising full-year 2019 subscription mix guidance to approximately 62% from 45%

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