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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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

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, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced major enhancements to its Microsoft 365 offering, adding more robust capabilities to continuously detect and prevent exposures in the world's top cloud-based email service. With this release, Varonis extends its patented data classification technology to email messages, attachments, and calendar events, adding vital context to the company's best-in-class Exchange Online threat detection and exposure analysis capabilities.

Varonis Expands Microsoft Exchange Online Protection to Prevent Sensitive Email Exposure

Qualys

The Zacks Security industry participants, QLYS and VRNS, benefit from the current hybrid working trend and digital transformation wave despite growing global recessionary concerns amid ongoing macroeconomic headwinds.

2 Stocks to Consider From a Flourishing Security Industry

Varonis delivered strong third-quarter 2023 earnings with faster-than-expected growth from its software-as-a-service (SaaS) platform. Around 15% of the security software company's total sales now come from SaaS products.

Why Varonis Systems Stock Popped Today

Although the revenue and EPS for Varonis (VRNS) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Varonis (VRNS) Q3 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS ) Q3 2023 Earnings Conference Call October 30, 2023 4:30 PM ET Company Participants Tim Perz - Director of Investor Relations Yaki Faitelson - Chief Executive Officer Guy Melamed - Chief Financial Officer and Chief Operating Officer Conference Call Participants Saket Kalia - Barclays Capital Hamza Fodderwala - Morgan Stanley Matt Hedberg - RBC Capital Markets Brian Essex - J.P. Morgan Joel Fishbein - Truist Securities Roger Boyd - UBS Andrew Nowinski - Wells Fargo Fatima Boolani - Citi Chad Bennett - Craig-Hallum Rob Owens - Piper Sandler Jason Ader - William Blair Joseph Gallo - Jefferies Rudy Kessinger - D.A.

Varonis Systems, Inc. (VRNS) Q3 2023 Earnings Call Transcript

Varonis Systems (VRNS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.05 per share a year ago.

Varonis Systems (VRNS) Tops Q3 Earnings Estimates

Annual recurring revenues grew 16% year-over-year59% SaaS mix of new business and upsell ARR in the third quarterYear-to-date cash from operations generated $49.0 million vs. $8.4 million last yearYear-to-date free cash flow generated $46.0 million vs. $0.8 million last year

Varonis Announces Third Quarter 2023 Financial Results

NEW YORK and ORLANDO, Fla., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, is proud to announce it received the Most Innovative in Data Security Posture Management (DSPM) award from Cyber Defense Magazine (CDM), the industry's leading electronic information security magazine.

Varonis Leads the Way in DSPM, Receiving Most Innovative in Data Security Posture Management Award

Varonis (VRNS) sets up its first local data center in Toronto, Canada, marking the opening of the third international data center this year.

Varonis (VRNS) Opens Its First Local Data Center in Canada

NEW YORK and TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced its first local data center in Canada to support new customers as well as existing customers moving to Varonis' SaaS offering. The new data center, located in Toronto, is the third to open in recent months and underscores the company's commitment to bringing data security automation and innovation to customers worldwide.

Varonis Launches Data Center in Canada for Cloud-Native Security

NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced that it will report its third quarter 2023 financial results following the close of the U.S. financial markets Monday, October 30, 2023.

Varonis Announces Date of Third Quarter 2023 Financial Results

Investors need to pay close attention to Varonis Systems (VRNS) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Varonis Systems (VRNS) Stock?

Industry-leading Data Security Platform adds Salesforce Shield integration to enhance its world-class Salesforce security solution Industry-leading Data Security Platform adds Salesforce Shield integration to enhance its world-class Salesforce security solution

Varonis Announces Salesforce Shield Integration for Unprecedented Data Security

VRNS is a data security software company that offers data management systems to organize and protect business data. The company is undergoing a transition to a SaaS model, which is expected to drive growth and improve earnings quality. While near-term challenges exist, such as economic uncertainties, the potential benefits of SaaS adoption are substantial, and the company has a historical precedent of robust growth.

Varonis Systems: SaaS Transition Is On Track

Expansion allows Varonis customers to achieve automated data security outcomes while following data privacy principles Expansion allows Varonis customers to achieve automated data security outcomes while following data privacy principles

Varonis Opens UK Data Center to Support SaaS Customers

Test your hacking skills, attend a live cloud attack simulation, and see how Varonis delivers automated data security outcomes Test your hacking skills, attend a live cloud attack simulation, and see how Varonis delivers automated data security outcomes

Varonis at Black Hat USA 2023: Capture the Flag and Secure Your Cloud Data With DSPM

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

Compared to Estimates, Varonis (VRNS) Q2 Earnings: A Look at Key Metrics

Varonis Systems, Inc. (NASDAQ:VRNS ) Q2 2023 Earnings Conference Call July 31, 2023 4:30 PM ET Company Participants Tim Perz - Director of IR Yaki Faitelson - Chairman and CEO Guy Melamed - CFO and COO Conference Call Participants Matt Hedberg - RBC Capital Markets Joel Fishbein - Truist Securities Andrew Nowinski - Wells Fargo Shaul Eyal - TD Cowen Rob Owens - Piper Sandler Roger Boyd - UBS Jason Ader - William Blair Saket Kalia - Barclays Brian Essex - JPMorgan Rudy Kessinger - D.A. Davidson Joshua Tilton - Wolfe Research Chad Bennett - Craig-Hallum Capital Group Annick Baumann - Jefferies Shrenik Kothari - Robert W.

Varonis Systems, Inc. (VRNS) Q2 2023 Earnings Call Transcript

Varonis Systems (VRNS) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share. This compares to break-even earnings per share a year ago.

Varonis Systems (VRNS) Misses Q2 Earnings and Revenue Estimates

Annual recurring revenues grew 17% year-over-year58% SaaS mix of new business and upsell ARR in the second quarterYear-to-date cash from operations generated $42.6 million vs. $10.1 million last yearYear-to-date free cash flow generated $40.0 million vs. $3.9 million last year

Varonis Announces Second Quarter 2023 Financial Results

NEW YORK, July 11, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced that it will report its second quarter 2023 financial results following the close of the U.S. financial markets Monday, July 31, 2023.

Varonis Announces Date of Second Quarter 2023 Financial Results

Visit booth 912 to learn how the Varonis SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort Visit booth 912 to learn how the Varonis SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort

Varonis at Gartner® Security & Risk Management Summit 2023: Powering Effortless Security Outcomes With Automation

SEATTLE--(BUSINESS WIRE)--Qumulo, the simple way to manage exabyte-scale data anywhere, today announced integration with the Varonis Data Security Platform and introduced their new Snapshot-Locking capability to protect customers against ransomware. With an increasing number of ransomware attacks on private businesses, public agencies, and healthcare organizations, managing cybersecurity risk is a bigger priority than ever before. The ongoing threat of cyberattacks forces IT organizations to co.

Qumulo Bolsters Customers' Security and Ransomware Defenses with Varonis Integration and New Snapshot-Locking Capabilities

Varonis Systems, Inc. (NASDAQ:VRNS ) Q1 2023 Earnings Conference Call May 1, 2023 4:30 PM ET Company Participants Tim Perz - Director of IR Yaki Faitelson - Chairman and CEO Guy Melamed - CFO and COO Conference Call Participants Matt Hedberg - RBC Capital Markets Hamza Fodderwala - Morgan Stanley Saket Kalia - Barclays Joel Fishbein - Truist Securities Fatima Boolani - Citigroup Roger Boyd - UBS Brian Essex - JPMorgan Rob Owens - Piper Sandler Josh Tilton - Wolfe Research Chad Bennett - Craig-Hallum Capital Group Andrew Nowinski - Wells Fargo Shrenik Kothari - Robert W. Baird Shebly Seyrafi - FBN Securities Operator Greetings, and welcome to the Varonis Systems First Quarter 2023 Earnings Conference Call.

Varonis Systems, Inc. (VRNS) Q1 2023 Earnings Call Transcript

Varonis Systems (VRNS) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.09 per share a year ago.

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