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VRNS Stock Chart & Stats
$45.74
$0.96(2.14%)
At close: 4:00 PM EDT
$45.74
$0.96(2.14%)
Day’s Range― - ―
52-Week Range$19.70 - $63.90
Previous CloseN/A
Volume1.57M
Average Volume (3M)2.23M
Market Cap
$4.74B
Enterprise Value$4.65K
Total Cash (Recent Filing)$660.12M
Total Debt (Recent Filing)$516.13M
Price to Earnings (P/E)―
Beta1.01
Next Earnings
Nov 02, 2026EPS Estimate
0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.22
Shares Outstanding114,860,480
10 Day Avg. Volume1,734,398
30 Day Avg. Volume2,234,415
Financial Highlights & Ratios
PEG Ratio-0.92
Price to Book (P/B)7.08
Price to Sales (P/S)6.79
P/FCF Ratio31.43
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$51.30Price Target Upside12.16% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering22
EPS Forecast (FY)0.15
Revenue Forecast (FY)$737.44M
Bulls Say, Bears Say
Bulls Say
Strong SaaS ARR Growth And Raised GuidanceRecurring SaaS growth and higher full-year guidance indicate sustained customer adoption, expansion potential, and a stronger subscription base. This supports more predictable revenue and creates a durable foundation for continued enterprise growth.
Robust Cash Generation And LiquidityPositive operating and free cash flow provide funding for product investment, sales expansion, and acquisitions without relying heavily on external capital. The substantial cash reserve also improves resilience while the company works toward consistent profitability.
Product Expansion And Enterprise AdoptionAdoption of newer products broadens Varonis's platform beyond its established offerings and increases opportunities to expand within large accounts. Cross-product deployments can strengthen retention, raise customer value, and deepen competitive differentiation.
Bears Say
Persistent Operating LossesDespite strong gross margins and cash generation, sustained accounting losses show that operating expenses remain too high relative to revenue. Failure to convert growth into durable GAAP profitability could constrain reinvestment and weaken long-term financial flexibility.
Elevated Leverage Relative To ProfitabilityLeverage has improved from 2024 but remains meaningful while earnings are negative. Debt obligations can limit strategic flexibility, increase sensitivity to execution setbacks, and compete with investments needed to complete the SaaS transition.
SaaS Transition Margin And Conversion HeadwindsThe self-hosted end-of-life transition may reduce expected conversions and pressure unit economics as revenue shifts toward SaaS. Lower contribution margins could delay operating leverage and make the path to sustainable profitability less predictable.
Varonis Systems News
VRNS FAQ
What was Varonis Systems’s price range in the past 12 months?
Varonis Systems lowest stock price was $19.70 and its highest was $63.90 in the past 12 months.
What is Varonis Systems’s market cap?
Varonis Systems’s market cap is $4.74B.
When is Varonis Systems’s upcoming earnings report date?
Varonis Systems’s upcoming earnings report date is Nov 02, 2026 which is in 71 days.
How were Varonis Systems’s earnings last quarter?
Varonis Systems released its earnings results on Jul 28, 2026. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.008 by $0.032.
Is Varonis Systems overvalued?
According to Wall Street analysts Varonis Systems’s price is currently Undervalued.
Does Varonis Systems pay dividends?
Varonis Systems does not currently pay dividends.
What is Varonis Systems’s EPS estimate?
Varonis Systems’s EPS estimate is 0.03.
How many shares outstanding does Varonis Systems have?
Varonis Systems has 114,860,480 shares outstanding.
What happened to Varonis Systems’s price movement after its last earnings report?
Varonis Systems reported an EPS of $0.04 in its last earnings report, beating expectations of $0.008. Following the earnings report the stock price went down -8.999%.
Which hedge fund is a major shareholder of Varonis Systems?
Currently, no hedge funds are holding shares in VRNS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Varonis Systems Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$51.30 (12.16% Upside)
$51.30 (12.16% Upside)
Blogger Sentiment
Neutral
VRNS Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 431.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.7%
Last 30 Days ▼ 3.2%
Last 30 Days ▼ 3.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-14.31%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
2.44%
Trailing 12-Months
Company Description
Varonis Systems
Varonis Systems, Inc. (VRNS) is a cybersecurity and data security company that provides software designed to help organizations discover, classify, protect, and monitor sensitive data across on-premises and cloud environments. The company’s platform focuses on data security posture management, threat detection and response related to data access and identity behavior, and automation to reduce risk from insider threats, misconfigurations, and ransomware. Varonis sells its solutions primarily to enterprises across industries that manage large volumes of unstructured data in file shares, collaboration tools, and cloud data stores.
VRNS Company Deck
VRNS Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a net positive tone: strong underlying SaaS ARR growth (25% excl. conversions), healthy revenue growth (+18% YoY), improved GAAP/non‑GAAP profitability, substantial cash reserves and clear product momentum (Atlas, Interceptor, DAM) with meaningful customer wins. Offsets include margin pressure (gross margin and ARR contribution margin declines), a year‑to‑date drop in free cash flow (partly due to acquisition accounting costs), conversion uncertainty related to the on‑prem EOL transition, and some quarter‑end deal slippage tied to media rumors. On balance, management raised guidance and emphasized a robust pipeline and early July deal closures, indicating the positives materially outweigh the negatives.View all VRNS earnings summariesVRNS Revenue Breakdown
74.89% North America
21.95% EMEA
3.16% Rest of the World
VRNS Stock 12 Month Forecast
Average Price Target
$51.30
▲(12.16% Upside)
Technical Analysis
Ownership Overview
4.60% Insiders
30.85% Mutual Funds
24.06% Other Institutional Investors
11.44% Public Companies and
Individual Investors