Varonis Systems, Inc. (NASDAQ:VRNS) is reporting second quarter earnings results on Monday 3rd August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.35 per share from $ 56.99 million in revenue.
For the full year, analysts predict revenues of $ 255.58 million, while looking forward to loss of $ 1.03 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 56.00 million ~ $ 58.00 million
Full Year 2020 topline are forecasted in a range of$ 286.00 million ~ $ 292.00 million, where as bottomline are predicted in a range of $ -0.93 ~ $ -0.89 per share
Click Here For More Historical Outlooks Of Varonis Systems, Inc.
Previous Quarter Performance
Varonis Systems, Inc. revealed loss for the first quarter of $ 0.56 per share, from the revenue of $ 54.18 million. The quarterly revenues lowered 8.71 percent compared with the same quarter last year. Wall street analysts are predicting, VRNS to report 1Q20 loss of $ 0.59 per share from revenue of $ 54.05 million. The bottom line results beat street analysts by $ 0.03 or 5.08 percent, at the same time, top line results outshined analysts by $ 0.13 million or 0.24 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of VRNS was $ 108.35, representing a 121.35 % increase from the 52 week low of $ 48.95 and a 2.8 % decrease over the 52 week high of $ 111.47.
The company has a market capital of $ 3.41 billion and is part of the Technology sector and Software – Infrastructure industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Needham & Company LLC at Buy rating, with $ 120.00 target price.
- On 1st July 2020, initiated by JPMorgan Chase & Co. at Overweight rating, with $ 130.00 target price.
- On 25th June 2020, initiated by Berenberg Bank at Hold rating, with $ 91.00 target price.
- On 23rd June 2020, upgraded by Barclays to Overweight from Equal-Weight rating.
- On 11th June 2020, maintained by Needham & Company LLC at Buy rating, with $ 110.00 target price.
Conference Call
Varonis Systems, Inc. will be hosting a conference call at 4:30 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.varonis.com
Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.
