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, 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.

Varonis Systems (VRNS) Reports Break-Even Earnings for Q1

Annual recurring revenues grew 18% year-over-year 37% SaaS mix of new business and upsell ARR in the first quarter Year-to-date cash from operations generated of $36.8 million vs. $24.5 million last year Year-to-date free cash flow generated of $35.7 million vs. $21.0 million last year

Varonis Announces First Quarter 2023 Financial Results

Reduce your cloud attack surface by discovering and remediating risky third-party integrations connected to Microsoft 365, Google Workspace, and Salesforce Reduce your cloud attack surface by discovering and remediating risky third-party integrations connected to Microsoft 365, Google Workspace, and Salesforce

Varonis Launches Third-Party App Risk Management

Visit North Hall, Booth #5345, to learn how Varonis' new SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort Visit North Hall, Booth #5345, to learn how Varonis' new SaaS platform continuously classifies critical data, eliminates exposure, and stops threats without manual effort

Varonis at RSAC 2023: Automating Data Security Outcomes Across the Cloud

Expansion allows Varonis customers to achieve automated data security outcomes while following national standards for data privacy Expansion allows Varonis customers to achieve automated data security outcomes while following national standards for data privacy

Varonis Opens Australia Data Center to Support SaaS Customers

Akamai Technologies

The CEO or Chief Executive Officer is a company's leader and the individual who is supposed to have the greatest vision and insight into where the company is heading. The CEO's “right hand” is the Chief Financial Officer (CFO), who feeds the latest financial forecasts to the CEO, while the Chief Revenue Officer (CRO) often gives revenue growth updates and the Chief Operating Officer (COO) informs the CEO of how well operational expansion is going.

2 Cybersecurity Stocks CEOs Are Buying

NEW YORK, April 10, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announced that it will report its first quarter 2023 financial results following the close of the U.S. financial markets Monday, May 1, 2023.

Varonis Announces Date of First Quarter 2023 Financial Results

Independent Research Firm report asserts, "Varonis is a top choice for organizations prioritizing deep data visibility, classification capabilities, and automated remediation for data access" Independent Research Firm report asserts, "Varonis is a top choice for organizations prioritizing deep data visibility, classification capabilities, and automated remediation for data access"

Varonis Named a Leader in Data Security Platforms

Varonis is a pioneer company in the protection and digital security systems and security for data and information. I believe that what makes the company very different is the ability to follow the activity of millions of users.

Varonis Systems: Cheap Cyber Security Play

Varonis (VRNS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Varonis (VRNS): Can Its 8.1% Jump Turn into More Strength?

NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, is hosting an Investor Day today, in New York, beginning at 9.00 a.m. ET. Members of the Varonis executive management team will provide an update on the company's vision and SaaS transition strategy followed by a question and answer session.

Varonis Hosts Investor Day

Varonis' annual channel awards honor partners that have gone above and beyond to safeguard data for customers worldwide Varonis' annual channel awards honor partners that have gone above and beyond to safeguard data for customers worldwide

Varonis Announces Partners in Excellence Award Winners

Fortinet

Palo Alto Networks

Zacks Security industry participants like PANW, FTNT and VRNS are benefiting from the current hybrid working trend and digital transformation wave.

3 Stocks to Buy From a Flourishing Security Industry

NEW YORK, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, today announced that it has been named by CRN ® , a brand of The Channel Company, in its annual Security 100 list. Recognizing leading IT channel security leaders, the Security 100 list honorees bring a combination of channel focus and trailblazing, innovative technology to solution providers.

Varonis Featured on CRN's 2023 Security 100 List

Varonis Systems, Inc. (NASDAQ:VRNS ) Q4 2022 Earnings Conference Call February 3, 2023 4:30 PM ET Company Participants Tim Perz - IR Yaki Faitelson - CEO, President, Co Founder and Chairman Guy Melamed - CFO and COO Conference Call Participants Hamza Fodderwala - Morgan Stanley Saket Kalia - Barclays Fatima Boolani - Citi Joel Fishbein - Truist Securities Brian Essex - JPMorgan Roger Boyd - UBS Shaul Eyal - Cowen Joseph Gallo - Jefferies Rob Owens - Piper Sandler Chad Bennett - Craig Hallum Andrew Nowinski - Wells Fargo Shrenik Kothari - Robert W. Baird Joshua Tilton - Wolfe Research Erik Suppiger - JMP Securities Shebly Seyrafi - FBN Securities Operator Welcome to the Varonis Systems, Inc. Fourth Quarter 2022 Earnings Conference Call.

Varonis Systems, Inc. (VRNS) Q4 2022 Earnings Call Transcript

Varonis (VRNS) delivered earnings and revenue surprises of 23.53% and 1.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Varonis Systems (VRNS) Q4 Earnings and Revenues Beat Estimates

NEW YORK, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announced that it will host an Investor Day on Tuesday, March 14, 2023, in New York. Members of the Varonis executive management team will provide an update on the company's vision and SaaS transition strategy followed by a question and answer session. The event will begin at 9:00 a.m. ET. Further details will be provided closer to the event.

Varonis To Host Investor Day on March 14, 2023

Annual recurring revenues grew 20% year-over-yearFourth quarter total revenues grew 13% year-over-yearApproximately 10% SaaS mix of new business and upsell ARR in the fourth quarter

Varonis Announces Fourth Quarter and Full-Year 2022 Financial Results

World-class cybersecurity team will proactively monitor customer data and respond to threats

Varonis Announces Proactive Incident Response for SaaS Customers

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.

Varonis Systems (VRNS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

One-click remediation of cloud misconfigurations is a game-changer for data security posture management (DSPM) One-click remediation of cloud misconfigurations is a game-changer for data security posture management (DSPM)

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