Varonis Systems

Varonis Systems, Inc. engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Varonis Systems (VRNS) reports strong Q4 performance amidst SaaS transition

Varonis Systems (VRNS) delivered a strong Q4 performance with notable growth in ARR and improved free cash flow despite margin headwinds from the SaaS transition.
The company's focus on the successful transition to SaaS, positive customer feedback on data protection, and budget allocation ease position Varonis for continued growth.
While facing challenges such as macroeconomic uncertainties and SaaS transition friction, Varonis sees opportunities in advanced SaaS features and customer data security priorities.

Varonis Systems excels in Q1 with strong SaaS adoption

Varonis Systems delivered strong Q1 performance driven by successful SaaS transition, exceeding guidance and showcasing robust ARR growth.
While facing challenges in EMEA and sales transitions, the company remains optimistic about the positive momentum in SaaS adoption and customer value proposition.
Varonis sees opportunities in continued SaaS adoption, leveraging positive feedback to drive further growth and enhance customer offerings.

Varonis excels in Q2 with strong SaaS adoption and financial growth

Varonis Systems' Q2 performance reflects strong SaaS adoption, financial growth, and successful transition strategies.
The company's focus on preventing insider threats and enhancing customer experience through SaaS positions them for future success.
While challenges like pricing, conversions, and maintaining excitement exist, Varonis has opportunities for growth and market leadership.
Varonis' confidence in generating leverage through SaaS and commitment to the transition bode well for continued progress and success.

Varonis Systems excels in Q3 with strong SaaS growth

Varonis Systems delivered strong Q3 results, showcasing growth in ARR, free cash flow, and SaaS adoption, exceeding guidance and expectations.
Despite challenges in AI impact and revenue headwinds, Varonis remains confident in its growth trajectory and ability to navigate operational hurdles.
The company's focus on SaaS, AI integration, and customer conversions presents opportunities for expansion, market penetration, and revenue growth.
Varonis' strategic approach to data security and comprehensive protection platform differentiates it in the market, driving customer value and sales.

Varonis Systems excels in SaaS momentum but faces ARR growth challenges

Varonis Systems showcased strong financial performance and strategic focus on SaaS transition and new services, driving growth and value for customers.
While facing challenges in ARR growth deceleration, the company remains optimistic about positive trends and opportunities in the SaaS market.
Varonis aims to maintain its growth trajectory, update guidance as needed, and achieve its $1 billion target for 2027, despite the accelerated transition timeline.

Varonis Systems excels in Q1 with strong SaaS growth and MDDR success

Varonis Systems delivered a strong Q1 performance with notable ARR and revenue growth, driven by successful SaaS transition and new product offerings.
The company's focus on data security, particularly with the MDDR service, is resonating well with customers and driving increased customer lifetime value.
While facing challenges in sales cycle predictability and cash flow management, Varonis is well-positioned to capitalize on Gen AI adoption and market opportunities.

Varonis Systems reports solid Q2 results and optimistic 2024 outlook

Varonis Systems demonstrated strong financial performance in Q2 2024, driven by robust ARR growth and strategic focus on data protection.
While facing challenges in maintaining margins and addressing analyst inquiries, the company remains optimistic about its trajectory.
With a solid financial outlook, Varonis is well-positioned to capitalize on opportunities in the data security market and drive continued growth.

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Varonis Systems, Inc. engages in protecting enterprise data such as sensitive files and emails, confidential customer, patient, and employee data, financial records, strategic and product plans, and other intellectual property. It operates through the following geographical segments: North America, Europe, the Middle East, and Africa, and Rest of the World. The company was founded by Yakov Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.

Varonis Systems Inc. VRNS, +7.60% shares fell in the extended session Monday after the data security company cut its outlook for the first quarter and pulled its forecast for the year because of the COVID-19 pandemic.

Varonis stock falls as forecast cut due to coronavirus pandemic

Learn how to secure your sensitive data in Office 365 and Microsoft Teams, join a session on recent attack patterns, and compete in a Wi-Fi hacking duel with Varonis Learn how to secure your sensitive data in Office 365 and Microsoft Teams, join a session on recent attack patterns, and compete in a Wi-Fi hacking duel with Varonis

RSA 2020: Varonis Showcases Scalable Cloud Data Protection with Gold Sponsorship

Varonis Systems, Inc. (VRNS) CEO Yakov Faitelson on Q4 2019 Results - Earnings Call Transcript

Varonis (VRNS) delivered earnings and revenue surprises of 10.00% and 0.71%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Varonis Systems (VRNS) Reports Q4 Loss, Tops Revenue Estimates

Varonis Systems, Inc.: An Appealing Profit-Gaining Opportunity

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The security-software company lowered its full-year targets, but the market seems to be impressed by growth for subscription sales.

Why Varonis Systems Climbed 19.7% in October

The data analytics company beat expectations as it rapidly shifts to subscriptions.

Why Shares of Varonis Systems Are Surging Today

Varonis Systems, Inc. (VRNS) CEO Yaki Faitelson on Q3 2019 Results - Earnings Call Transcript

Varonis (VRNS) delivered earnings and revenue surprises of 52.94% and 6.70%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Varonis Systems (VRNS) Reports Q3 Loss, Tops Revenue Estimates

Annual recurring revenues grew to $178.9 million, a 52% increase over third quarter 2018 Subscription revenues increased to 74% of third quarter 2019 license revenues Raising full-year 2019 subscription mix guidance to approximately 62% from 45%

Varonis Announces Third Quarter 2019 Financial Results

NEW YORK, Oct.  28, 2019  (GLOBE NEWSWIRE) --  Varonis Systems, Inc.  (NASDAQ: VRNS), a pioneer in data security and analytics, will be exhibiting at  NetApp Insight  on October 28-30, 2019 in Las Vegas. Varonis invites attendees to booth #610 to see a product demo and learn about data-centric security for hybrid on-premises and cloud systems – including NetApp ONTAP Cloud Data Storage.

UPDATE - Varonis at NetApp Insight 2019: Learn How to Defend Your Hybrid Cloud from New Attacker Exploits

NetApp

NEW YORK, Oct.  23, 2019  (GLOBE NEWSWIRE) --  Varonis Systems, Inc.  (NASDAQ: VRNS), a pioneer in data security and analytics, will be exhibiting at  NetApp Insight  on October 28-30, 2019 in Las Vegas. Varonis invites attendees to booth #805 to see a product demo and learn about data-centric security for hybrid on-premises and cloud systems – including NetApp ONTAP Cloud Data Storage.

Varonis at NetApp Insight 2019: Learn How to Defend Your Hybrid Cloud from New Attacker Exploits

Varonis (VRNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Varonis Systems (VRNS) Q3 Earnings Expected to Decline

The cybersecurity stock suffered a double-digit slide last month, but shares are still up roughly 15% year to date.

Why Varonis Systems Stock Fell 12.5% in September

NEW YORK, Sept.  05, 2019  (GLOBE NEWSWIRE) --  Varonis Systems, Inc . (NASDAQ: VRNS), a pioneer in data security and analytics, announces its event schedule for the Gartner Security & Risk Management Summit 2019 on September 9 - 11 in London. Varonis invites attendees to Stand 55 to see a product demo and learn about data-centric security for hybrid on-premises and cloud systems. Varonis will also present a CPE-eligible session on new techniques savvy insiders and external attackers are using to sidestep traditional detective controls and steal your data.

Varonis Reveals Modern Hacker Tricks and Highlights Data-Centric Security at Gartner Security & Risk Management Summit 2019

NEW YORK, Aug.  22, 2019  (GLOBE NEWSWIRE) --  Varonis Systems, Inc.  (Nasdaq: VRNS), a pioneer in data security and analytics, announced its participation at the D.A. Davidson 18th Annual Technology Conference in New York on September 4, 2019. The presentation is scheduled for 8:40am ET.

Varonis to Present at the D.A. Davidson 18th Annual Technology Conference

The company is quickly moving to subscriptions and away from perpetual licenses, and that's hurting its near-term results.

Varonis Suffers Revenue Decline Due to Subscription Growth

Varonis Systems' (VRNS) CEO Yaki Faitelson on Q2 2019 Results - Earnings Call Transcript

Varonis (VRNS) delivered earnings and revenue surprises of 6.25% and -4.41%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Varonis Systems (VRNS) Reports Q2 Loss, Misses Revenue Estimates

Varonis Systems (NASDAQ: VRNS) announces its next round of earnings this Monday, July 29.

Varonis Systems Q2 Earnings Preview

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Varonis Systems, Inc. offers a broad range of robust features and unique functionalities that differentiates it from traditional data security offerings.

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