Varonis Systems (VRNS) Updates FY18 Earnings Guidance
Varonis Systems (NASDAQ:VRNS) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.04) – $0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27. The company issued revenue guidance of $260-264.5 million, compared to the consensus revenue estimate of $250.35 million.
Shares of Varonis Systems (NASDAQ VRNS) traded up $1.50 during mid-day trading on Monday, hitting $53.90. 511,552 shares of the stock were exchanged, compared to its average volume of 228,760. Varonis Systems has a 12 month low of $26.35 and a 12 month high of $55.85. The firm has a market capitalization of $1,458.75, a price-to-earnings ratio of -90.34 and a beta of 0.89.
VRNS has been the topic of a number of research reports. BidaskClub upgraded shares of Varonis Systems from a hold rating to a buy rating in a research report on Wednesday, January 10th. Needham & Company LLC upped their target price on shares of Varonis Systems from $52.00 to $65.00 and gave the stock a buy rating in a research report on Friday, January 19th. Oppenheimer initiated coverage on shares of Varonis Systems in a research report on Wednesday, December 6th. They set an outperform rating and a $57.00 target price on the stock. Zacks Investment Research lowered shares of Varonis Systems from a buy rating to a hold rating in a research report on Saturday, January 6th. Finally, Jefferies Group upped their target price on shares of Varonis Systems from $52.00 to $55.00 and gave the stock a buy rating in a research report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $53.36.
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About Varonis Systems
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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