DA Davidson Comments on Varonis Systems Q2 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS) – Stock analysts at DA Davidson issued their Q2 2025 earnings per share estimates for shares of Varonis Systems in a research note issued on Wednesday, May 7th. DA Davidson analyst R. Kessinger forecasts that the technology company will post earnings of ($0.24) per share for the quarter. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.83) per share.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. The firm had revenue of $136.42 million during the quarter, compared to analysts’ expectations of $133.10 million. During the same quarter last year, the company posted ($0.03) EPS. The firm’s revenue was up 19.6% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Citigroup dropped their price target on Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Wolfe Research upgraded Varonis Systems from a “peer perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Friday, March 28th. Jefferies Financial Group decreased their price target on shares of Varonis Systems from $50.00 to $45.00 and set a “hold” rating for the company in a report on Monday, March 31st. Wells Fargo & Company dropped their price objective on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $67.00 target price on shares of Varonis Systems in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.06.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $45.27 on Thursday. The company has a market cap of $5.07 billion, a P/E ratio of -52.63 and a beta of 0.79. The company’s fifty day moving average is $41.20 and its two-hundred day moving average is $45.31. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. Varonis Systems has a 12-month low of $36.53 and a 12-month high of $60.58.

Varonis Systems declared that its Board of Directors has approved a stock buyback program on Monday, February 10th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Varonis Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Varonis Systems during the 4th quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in Varonis Systems during the fourth quarter valued at about $61,000. Transce3nd LLC acquired a new stake in shares of Varonis Systems in the fourth quarter valued at about $62,000. New Age Alpha Advisors LLC acquired a new stake in shares of Varonis Systems in the fourth quarter valued at about $70,000. Finally, NBC Securities Inc. increased its stake in shares of Varonis Systems by 100,200.0% in the first quarter. NBC Securities Inc. now owns 2,006 shares of the technology company’s stock worth $81,000 after purchasing an additional 2,004 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.