Varonis Systems (VRNS) Issues FY18 Earnings Guidance
Varonis Systems (NASDAQ:VRNS) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of ($0.04) – $0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.27. The company issued revenue guidance of $260-264.5 million, compared to the consensus revenue estimate of $250.35 million.
Varonis Systems (NASDAQ:VRNS) traded up $1.50 during trading on Monday, hitting $53.90. The stock had a trading volume of 512,924 shares, compared to its average volume of 228,808. The firm has a market cap of $1,458.75, a PE ratio of -92.93 and a beta of 0.89. Varonis Systems has a 52-week low of $26.35 and a 52-week high of $55.85.
A number of analysts have recently weighed in on VRNS shares. Royal Bank of Canada reissued a buy rating and issued a $55.00 price objective on shares of Varonis Systems in a research report on Thursday, December 7th. Oppenheimer started coverage on Varonis Systems in a research report on Wednesday, December 6th. They issued an outperform rating and a $57.00 price objective for the company. Stephens reissued a buy rating and issued a $58.00 price objective on shares of Varonis Systems in a research report on Friday, January 12th. Barclays reissued a neutral rating on shares of Varonis Systems in a research report on Tuesday, December 19th. Finally, Needham & Company LLC raised their price objective on Varonis Systems from $52.00 to $65.00 and gave the stock a buy rating in a research report on Friday, January 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Varonis Systems presently has a consensus rating of Buy and a consensus target price of $53.36.
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About Varonis Systems
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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