Varonis Systems (NASDAQ:VRNS) Releases FY19 Earnings Guidance
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.
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.
Featured Story: Day Trading – Risk Worth the Reward?
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.