Varonis Systems: SaaS Transition Is On Track [Seeking Alpha]
Zscaler, Inc. (ZS)
Last zscaler, inc. earnings: 2/20 04:05 pm
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Source: Seeking Alpha
da-kukSummaryVaronis Systems (NASDAQ:VRNSand stock. I recommend a buy rating for VRNS, as I expect the SaaS transition to aid in growth acceleration, which will lead to a closing of the valuation gap vs. faster-growing peers.Investment thesisMy thesis for VRNS focuses on the ongoing transition of the business towards its SaaS model, which I believe will enhance the earnings quality and therefore receive a premium in valuation multiple. SaaS accounted for 58% of new and upsell business for VRNS in 2Q23, marking another quarter of progress in the company's transition to SaaS. This number has doubled over the previousquarter, and it is well above the target of 35% of net-new annual recurring revenue. Since VRNS' SaaS solution has achieved 80% feature parity with its on-premise solution, I anticipate a smooth and continuing transition. Furthermore, management anticipates parity to be achieved in the coming quarters. The improved earnings quality is just one of many advantages of this shif
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News
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- Freedom Capital Reiterates Buy on Zscaler (ZS) After Strong Q1 Results [Yahoo! Finance]Yahoo! Finance
ZS
Earnings
- 11/25/25 - Beat
ZS
Sec Filings
- 12/17/25 - Form 4
- 12/17/25 - Form 4
- 12/17/25 - Form 4
- ZS's page on the SEC website