Varonis Systems (NASDAQ:VRNS) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.93-0.90) for the period, compared to the Thomson Reuters consensus estimate of ($0.48). The company issued revenue guidance of $255.5-259.5 million, compared to the consensus revenue estimate of $274.17 million.Varonis Systems also updated its FY 2019 guidance to $-0.93–0.9 EPS.

NASDAQ VRNS traded up $3.55 on Tuesday, reaching $72.93. 78,627 shares of the stock were exchanged, compared to its average volume of 240,791. Varonis Systems has a one year low of $48.67 and a one year high of $78.93. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -74.35 and a beta of 1.01. The firm’s 50-day moving average price is $64.17.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Monday, April 29th. The technology company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.04). Varonis Systems had a negative return on equity of 30.00% and a negative net margin of 13.24%. 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 previous year, the business posted ($0.22) EPS. Varonis Systems’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that Varonis Systems will post -1.75 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Morgan Stanley reaffirmed an equal weight rating and set a GBX 250 ($3.27) price objective on shares of BT Group in a report on Tuesday, April 30th. Zacks Investment Research raised shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $71.00 price objective for the company in a report on Friday, June 28th. Stifel Nicolaus increased their price objective on shares of Western Digital from $48.00 to $55.00 and gave the company a buy rating in a report on Tuesday, April 30th. DA Davidson increased their price objective on shares of Varonis Systems to $78.00 and gave the company a buy rating in a report on Tuesday, April 30th. Finally, BidaskClub lowered shares of Woodward, Inc.Common Stock from a strong-buy rating to a buy rating in a report on Saturday. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Varonis Systems presently has a consensus rating of Buy and an average price target of $71.90.

In other Varonis Systems news, EVP David Bass sold 42,416 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $72.54, for a total value of $3,076,856.64. Following the completion of the transaction, the executive vice president now directly owns 202,833 shares of the company’s stock, valued at $14,713,505.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

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.

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

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