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Varonis Systems (VRNS)
:VRNS
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
0.27Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -24.82%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with significant growth in SaaS and ARR, strong cash flow generation, and early contributions from generative AI. However, there are challenges in the federal business and pressures on revenue growth and operating margins due to the SaaS transition.Company Guidance
During the Varonis Systems Q3 2024 earnings call, the company provided detailed guidance and financial metrics, highlighting robust progress in its SaaS transition. The Annual Recurring Revenue (ARR) grew by 18% to $610 million, with SaaS ARR representing approximately 43% of the total, reflecting significant momentum. Year-to-date, free cash flow was reported at $88.6 million, a substantial increase from $46 million the previous year. For the full year 2024, Varonis projected ARR between $635 million and $639 million, and free cash flow in the range of $95 million to $100 million. The company also raised its revenue guidance to $554.4 million to $559.4 million, marking an 11% to 12% growth. Despite some underperformance in the federal business, driven by internal management changes, the overall strong results were attributed to the enterprise segment and the increasing adoption of SaaS and MDDR offerings. The company remains optimistic about capitalizing on the tailwinds from Generative AI, with a small contribution already evident in Q3, and anticipates further growth driven by this and other strategic initiatives.ARR Growth
Annual Recurring Revenue (ARR) grew 18% to $610 million, with SaaS ARR now representing 43% of total ARR.
Free Cash Flow Increase
Year-to-date, Varonis generated $88.6 million of free cash flow, up from $46 million in the prior year.
SaaS Transition Progress
SaaS now represents 43% of total ARR, highlighting the successful transition from on-prem to a SaaS model.
MDDR Adoption
Managed Data Detection and Response (MDDR) is driving new business wins and SaaS conversions.
Generative AI Contribution
Generative AI began to contribute to results, with discussions around AI becoming central in customer engagements.
Convertible Notes Issuance
Successful issuance of convertible notes providing $394.1 million in net proceeds, strengthening the balance sheet.
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VRNS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VRNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $58.78 | $52.48 | -10.72% |
| Jul 29, 2024 | $48.49 | $55.59 | +14.64% |
| May 06, 2024 | $44.59 | $45.00 | +0.92% |
| Feb 05, 2024 | $45.54 | $48.60 | +6.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Varonis Systems (VRNS) report earnings?
Varonis Systems (VRNS) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Varonis Systems (VRNS) earnings time?
Varonis Systems (VRNS) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VRNS EPS forecast?
VRNS EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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