Varonis leaps as Wedbush upgrades after strong Q4 [Seeking Alpha]
Varonis Systems, Inc. (VRNS)
Last varonis systems, inc. earnings: 2/10 04:05 pm
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US:NASDAQ Investor Relations:
ir.varonis.com
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Source: Seeking Alpha
Varonis shares jumped 7% during early trading Tuesday and have surged over the past year. "On the heels of another strong quarter with further evidence the model transition is hitting its next gear of growth and also the AI Revolution will give VRNS a clear tailwind over the next 12 to 18 months in our view," wrote Wedbush analyst Daniel Ives and others in a note. The company's fourth-quarter earnings per share of $0.27 beat estimates by $0.04. Total revenue of $154.1M beat the consensus by $2.4M. Varonis' transition to a subscription based-model appears to be working as subscription-based revenue totaled 84% of the company's revenue during the fourth quarter, up from 80% in the previous quarter. Additionally, its transition to a software-as-a-service provider is now expected by 2026, one year earlier than prior estimates, the analysts said. The New York City-based cybersecurity company has landed new partnerships with Microsoft ( MSFT ) Copilot, Salesforce ( CRM ) Shield and
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VRNS
News
- Varonis at RSAC 2024: Reducing AI's Blast Radius and Deploying Copilots Safely [Yahoo! Finance]Yahoo! Finance
- Varonis at RSAC 2024: Reducing AI's Blast Radius and Deploying Copilots SafelyGlobeNewswire
- Investors might be losing patience for Varonis Systems' (NASDAQ:VRNS) increasing losses, as stock sheds 6.9% over the past week [Yahoo! Finance]Yahoo! Finance
- Varonis Announces Date of First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Varonis Announces Date of First Quarter 2024 Financial ResultsGlobeNewswire
VRNS
Earnings
- 2/5/24 - Beat
VRNS
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- VRNS's page on the SEC website