Equities research analysts expect Varonis Systems Inc (NASDAQ:VRNS) to announce earnings per share (EPS) of ($0.32) for the current quarter, Zacks reports. Six analysts have made estimates for Varonis Systems’ earnings, with the lowest EPS estimate coming in at ($0.33) and the highest estimate coming in at ($0.31). Varonis Systems posted earnings per share of ($0.08) during the same quarter last year, which suggests a negative year over year growth rate of 300%. The business is scheduled to announce its next earnings results after the market closes on Monday, July 29th.

On average, analysts expect that Varonis Systems will report full-year earnings of ($0.48) per share for the current fiscal year, with EPS estimates ranging from ($0.50) to ($0.45). For the next year, analysts anticipate that the business will post earnings of ($0.09) per share, with EPS estimates ranging from ($0.20) to $0.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Varonis Systems.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, April 29th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.04). Varonis Systems had a negative net margin of 13.24% and a negative return on equity of 30.00%. The firm had revenue of $56.40 million for the quarter, compared to the consensus estimate of $59.36 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. The company’s revenue was up 5.4% on a year-over-year basis.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Friday, June 28th. Jefferies Financial Group lowered their price target on CommVault Systems to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. They noted that the move was a valuation call. BidaskClub lowered Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Morgan Stanley restated an “equal weight” rating and set a GBX 250 ($3.27) price target on shares of BT Group in a research note on Tuesday, April 30th. Finally, UBS Group boosted their price target on Spotify Technology from $180.00 to $182.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $71.52.

VRNS traded down $1.83 on Monday, hitting $69.38. 569,150 shares of the stock traded hands, compared to its average volume of 392,094. Varonis Systems has a 52 week low of $48.67 and a 52 week high of $78.93. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -70.80 and a beta of 1.01. The business has a fifty day moving average of $64.17.

In other Varonis Systems news, EVP David Bass sold 42,416 shares of Varonis Systems stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $72.54, for a total transaction of $3,076,856.64. Following the sale, the executive vice president now directly owns 202,833 shares of the company’s stock, valued at $14,713,505.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Psagot Investment House Ltd. boosted its holdings in Varonis Systems by 32.0% during the fourth quarter. Psagot Investment House Ltd. now owns 1,061 shares of the technology company’s stock valued at $56,000 after purchasing an additional 257 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Varonis Systems in the 1st quarter worth approximately $83,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Varonis Systems in the 1st quarter worth approximately $131,000. Northeast Financial Consultants Inc acquired a new position in shares of Varonis Systems in the 1st quarter worth approximately $209,000. Finally, Amalgamated Bank acquired a new position in shares of Varonis Systems in the 4th quarter worth approximately $218,000. 89.62% of the stock is currently owned by institutional investors.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.

Featured Article: Technical Analysis of Stocks, How Can It Help

Get a free copy of the Zacks research report on Varonis Systems (VRNS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Varonis Systems (NASDAQ:VRNS)

Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.