Varonis Systems: Solid Outlook For The Business [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
The Company is making significant progress in its transition to a SaaS model, with SaaS accounting for 66% of new business ARR. Partnerships with Microsoft and the increased utilization of AI provide long-term growth opportunities for VRNS. Investment overview I wrote about Varonis Systems ( NASDAQ: VRNS previously with a buy rating, as I was fond of the progress that VRNS is making in its transition to a SaaS model that has long-term benefits because of its higher contribution margin and shorter sales cycle. To give a quick background on the transition, I cite from my previous post: Like many high-growth software companies, VRNS was a business that grew at a very high rate (30+%) in the initial part of the 2010s. However, growth dipped significantly in FY19 to -6% from 25.5% in the previous year due to the pandemic. Growth was further slowed down as the business went through the transition into a SaaS (software-as-a-service) model in recent quarters (LTM growth now at 6.6% v
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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