Somewhat Favorable News Coverage Somewhat Unlikely to Impact Varonis Systems (VRNS) Stock Price
News coverage about Varonis Systems (NASDAQ:VRNS) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Varonis Systems earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 43.7755203725481 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Varonis : 70– Varonis software and licenses (4-traders.com)
- Varonis : software and licenses (4-traders.com)
- What Is Varonis Systems Inc’s (VRNS) Share Price Doing? (finance.yahoo.com)
- The Zacks Analyst Blog Highlights: Equifax, Imperva, Leidos Holdings and Varonis Systems (finance.yahoo.com)
- Varonis Systems, Inc. (VRNS) Expected to Announce Quarterly Sales of $50.20 Million (americanbankingnews.com)
Varonis Systems (NASDAQ:VRNS) traded down 1.63% during midday trading on Friday, hitting $39.30. 1,095,403 shares of the stock were exchanged. The stock’s market cap is $1.08 billion. The company’s 50 day moving average is $38.18 and its 200-day moving average is $34.88. Varonis Systems has a 1-year low of $24.45 and a 1-year high of $40.15.
Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative net margin of 9.03% and a negative return on equity of 20.94%. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $47.50 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts expect that Varonis Systems will post $0.09 earnings per share for the current year.
VRNS has been the subject of several recent research reports. Zacks Investment Research cut shares of Varonis Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Imperial Capital restated an “outperform” rating and issued a $46.00 price target (up from $39.00) on shares of Varonis Systems in a research report on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price target on shares of Varonis Systems in a research report on Thursday, July 20th. Jefferies Group LLC restated a “buy” rating and issued a $45.00 price target on shares of Varonis Systems in a research report on Thursday, September 7th. Finally, Morgan Stanley upgraded shares of Varonis Systems from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $35.00 in a research report on Wednesday, June 21st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.20.
In other Varonis Systems news, CFO Guy Melamed sold 5,074 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $37.50, for a total transaction of $190,275.00. Following the transaction, the chief financial officer now directly owns 98,991 shares of the company’s stock, valued at approximately $3,712,162.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gili Iohan sold 7,618 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $37.00, for a total transaction of $281,866.00. Following the transaction, the director now directly owns 60,017 shares in the company, valued at $2,220,629. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 377,231 shares of company stock worth $14,402,824. 19.50% of the stock is owned by insiders.
Varonis Systems Company Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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