Varonis Systems (NASDAQ:VRNS – Get Free Report) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.13-0.14 for the period, compared to the consensus estimate of $0.14. The company issued revenue guidance of $162-167 million, compared to the consensus revenue estimate of $163.04 million.
Varonis Systems Price Performance
Shares of VRNS traded up $1.40 during mid-day trading on Tuesday, hitting $58.78. 2,571,343 shares of the company traded hands, compared to its average volume of 1,300,178. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of -62.20 and a beta of 0.82. Varonis Systems has a one year low of $31.03 and a one year high of $60.58. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average of $56.14 and a 200 day moving average of $49.87.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. The business had revenue of $130.35 million for the quarter, compared to analysts’ expectations of $124.83 million. Varonis Systems had a negative net margin of 16.97% and a negative return on equity of 18.31%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.35) EPS. As a group, equities analysts expect that Varonis Systems will post -0.83 earnings per share for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Research Report on Varonis Systems
Insider Activity at Varonis Systems
In other Varonis Systems news, Vice Chairman James O’boyle sold 50,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the completion of the sale, the insider now directly owns 444,114 shares in the company, valued at approximately $26,540,252.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.
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.
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