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.

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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.

Varonis Systems reports robust Q3 performance amidst SaaS growth

Varonis Systems delivered a strong Q3 2024 performance with notable growth in SaaS revenues and ARR.
The company's focus on data security, SaaS transition, and MDDR offerings has positioned it well for future growth.
While facing challenges in the federal business segment, Varonis remains optimistic about future opportunities and growth potential.
Analysts and investors are closely monitoring Varonis' performance and strategic moves for 2025.

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Varonis Systems, Inc. engages in the provision of a security software platform. Its software enables enterprises and industries to protect data stored in the cloud and on-premises including sensitive files and emails, confidential personal data belonging to customers, patients, and employees, financial records, source code, strategic, and product plans, and other intellectual property. It operates through the following geographical segments: North America, Europe, 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.

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) today announced it has been named by CRN®, a brand of The Channel Company, to its Security 100 list. The list honors security vendors who demonstrate superior commitment to working with channel partners to protect businesses from cyber threats.

Varonis Named to CRN's 2024 Security 100 List

NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced its participation at the following upcoming conferences:

Varonis to Present at March Investor Conferences

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Varonis provides comprehensive data security platform to secure critical information, addressing unauthorized access, insider threats, and accidental leaks. Share performance has been volatile but has trended upward, with a 210% all-time return since going public in 2014 and a 74% increase in the past year alone. VRNS appears undervalued at its current price and has potential for further growth due to increase in enterprise AI usage and on-premise and SaaS hybrid deployments.

Varonis: Still Strong Demand Due To Secular Growth Drivers

Varonis Systems, Inc. (VRNS) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Varonis (VRNS) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Varonis (VRNS) Reports Q4 Earnings: What Key Metrics Have to Say

Varonis Systems (VRNS) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.21 per share a year ago.

Varonis Systems (VRNS) Surpasses Q4 Earnings and Revenue Estimates

Annual recurring revenues grew 17% year-over-yearSaaS ARR as a percentage of total ARR was approximately 23%Year-to-date cash from operations generated $59.4 million vs. $11.9 million last yearYear-to-date free cash flow generated $54.3 million vs. $0.5 million last year

Varonis Announces Fourth Quarter and Full-Year 2023 Financial Results

Varonis introduces Managed Data Detection and Response (MDDR), the industry's first managed service dedicated to stopping threats at the data level.

Varonis Introduces MDDR: Industry's First Managed Data Detection and Response Offering

Besides Wall Street's top -and-bottom-line estimates for Varonis (VRNS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Seeking Clues to Varonis (VRNS) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced the ability to integrate with connected databases hosted in the cloud or on-premises, building on its existing support for popular databases such as Oracle, SQL Server, MySQL, and PostgreSQL. This new universal database connector lets Varonis rapidly integrate with virtually any modern DBMS, allowing customers to use Varonis' vast library of classifiers and scalable architecture to centralize data classification efforts in a single, unified platform.

Varonis Announces Universal Data Classification Support for Databases

Varonis Systems (VRNS) and Microsoft partner to enhance the data security posture of Microsoft 365 so that their shared customers can securely leverage artificial intelligence tools.

Varonis Systems (VRNS) to Improve Microsoft 365 Data Security

NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), today announced it expanded its cloud-native platform with data security posture management (DSPM) for Snowflake. The latest integration broadens Varonis' extensive coverage to continuously discover and classify critical data, remove exposures, and detect threats to customers' Snowflake data warehouses and databases.

Varonis Extends Data Security Posture Management Coverage to Snowflake

NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced a strategic collaboration with Microsoft to help companies safely harness the power of AI. The integration helps joint customers continually assess and improve their Microsoft 365 data security posture before, during, and after they deploy Microsoft Copilot for Microsoft 365.

Varonis Accelerates Secure Adoption of Microsoft Copilot for Microsoft 365

Varonis was named a Leader in GigaOm's 2023 Radar Report for Data Security Platforms, receiving the highest scores for DSPM, service integrations and more.

Varonis Named a Leader in GigaOm's 2023 Radar Report for Data Security Platforms

NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced that it will report its fourth quarter 2023 financial results following the close of the U.S. financial markets Monday, February 5, 2024.

Varonis Announces Date of Fourth Quarter 2023 Financial Results

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Varonis (VRNS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Varonis (VRNS) Moves to Buy: Rationale Behind the Upgrade

Varonis announced that it has launched its Data Security Platform on Salesforce AppExchange, a leading enterprise marketplace for partner apps & experts.

Varonis Announces Data Security Platform on Salesforce AppExchange

NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Varonis (Nasdaq: VRNS), a leader in data security, announced that its Data Security Platform has achieved compliance with the PCI Data Security Standard and HIPAA. "These latest compliance certifications underscore Varonis' ongoing commitment to data security, confidentiality, and privacy," Varonis CISO Guy Shamilov said.

Varonis Adds PCI DSS and HIPAA Compliance to its Growing List of Certifications

NEW YORK and LONDON, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Varonis (Nasdaq: VRNS), a leader in data security, announced its return as a Gold Sponsor at Black Hat Europe 2023, December 4 – 7 in London. Join security experts at stand #509 on Wednesday and Thursday at ExCeL London to hear the latest on generative AI, take a crack at a CTF competition, and learn why Varonis is the world's leading automated Data Security Platform.

Varonis Returns to Black Hat Europe 2023: Prevent AI Data Exposure, Play Capture the Flag, and Strengthen Your DSPM

Varonis Systems' SaaS transition is progressing very well. Reduced deployment times and streamlined processes underscore the superiority of VRNS's SaaS model over its on-premise product. With larger deal sizes and a shift in product strategy towards bundled offerings, I expect healthy ARR growth.

Varonis Systems: SaaS Model Transition Progressing Well; Buy

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Varonis expands its AI and machine learning capabilities with Athena AI, a new generative AI layer that spans across the Varonis Data Security Platform.

Varonis Adds Generative AI Capabilities to Leading Data Security Platform With Launch of Athena AI

Does Varonis Systems (VRNS) have what it takes to be a top stock pick for momentum investors? Let's find out.

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