Why Is Varonis (VRNS) Stock Rocketing Higher Today [Yahoo! Finance]
Varonis Systems, Inc. (VRNS)
Last varonis systems, inc. earnings: 2/10 04:05 pm
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ir.varonis.com
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Source: Yahoo! Finance
results that exceeded analysts' revenue, billings, free cash flow, and EPS estimates. Despite macro challenges, the company continued to make progress on its transition to a subscription-based model with a SaaS mix at 66% of revenues (versus guidance of 60%). On the other hand, despite the improvements, its full-year revenue guidance missed Wall Street's estimates. Overall, this was a mixed quarter for Varonis, though the progress made on transitioning to a SaaS model is promising. Following the results, Wedbush analyst Daniel Ives upgraded the stock's rating from Neutral to Outperform and raised the price target from $35 to $65. The new price target represents a potential 30% upside from where shares traded when the upgrade was announced. He added, "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." Is now the tim
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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