Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; strategic and product plans; and other intellectual property. The company offers DatAdvantage that captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, and Intranet servers; and DatAlert that profiles users and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a Web-based dashboard and investigative interface. It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, and provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which provides a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention. In addition, the company offers Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that offers search functionality for enterprise data. It sells its products and services through a network of distributors and resellers. The company serves IT, security, and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in New York, New York.
IPO Year: 2014
Exchange: NASDAQ
Website: varonis.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2025 | Overweight | Morgan Stanley | |
| 7/30/2024 | $52.00 → $60.00 | Neutral → Outperform | Robert W. Baird |
| 6/14/2024 | $50.00 → $54.00 | Neutral → Overweight | JP Morgan |
| 2/6/2024 | $35.00 → $65.00 | Neutral → Outperform | Wedbush |
| 1/18/2024 | $37.00 → $45.00 | Buy → Neutral | DA Davidson |
| 12/15/2023 | $55.00 | Positive | Susquehanna |
| 10/27/2023 | $27.00 → $35.00 | Underweight → Neutral | JP Morgan |
| 10/16/2023 | $34.00 → $39.00 | Equal-Weight → Overweight | Morgan Stanley |
| 10/13/2023 | $35.00 → $37.00 | Equal Weight → Overweight | Barclays |
| 8/1/2023 | Hold → Buy | Craig Hallum |
NEW YORK, May 17, 2022 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a pioneer in data security and analytics, announced the expansion of its operations in the Asia-Pacific region with the appointment of country leadership in India, Singapore, and Japan. The new executives bring to Varonis more than 75 years of combined business development and sales leadership experience with leading technology and security companies. Maheswaran Shamugasundaram joins Varonis as the company's first country manager for India. Maheswaran brings more than two decades of security experience to this position. Before Varonis, he was the regional director at HelpSystems. Earlier, he was the regional d
DUBAI, United Arab Emirates, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a pioneer in data security and analytics, and Multipoint Group, a leading distributor of Cyber Strong solutions, announced the signing of a distribution agreement to grow its footprint further in the Middle East (MEA) market. Multipoint will work to expand Varonis' market presence based on Multipoint's UAE office and its channel network. Organizations in the region will enjoy better access to Varonis' robust data protection solutions and Multipoint's knowledge and support. This new agreement expands the existing partnership between the two companies for distribution in the European Union. V
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Morgan Stanley resumed coverage of Varonis Systems with a rating of Overweight
Robert W. Baird upgraded Varonis Systems from Neutral to Outperform and set a new price target of $60.00 from $52.00 previously
JP Morgan upgraded Varonis Systems from Neutral to Overweight and set a new price target of $54.00 from $50.00 previously
Wedbush upgraded Varonis Systems from Neutral to Outperform and set a new price target of $65.00 from $35.00 previously
DA Davidson downgraded Varonis Systems from Buy to Neutral and set a new price target of $45.00 from $37.00 previously
Susquehanna initiated coverage of Varonis Systems with a rating of Positive and set a new price target of $55.00
JP Morgan upgraded Varonis Systems from Underweight to Neutral and set a new price target of $35.00 from $27.00 previously
Morgan Stanley upgraded Varonis Systems from Equal-Weight to Overweight and set a new price target of $39.00 from $34.00 previously
Barclays upgraded Varonis Systems from Equal Weight to Overweight and set a new price target of $37.00 from $35.00 previously
Craig Hallum upgraded Varonis Systems from Hold to Buy
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MIAMI, March 17, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the data security leader, today announced the acquisition of the next-generation database activity monitoring (DAM) provider Cyral. Cyral's innovative approach to DAM uses agentless and stateless interception technology that deploys quickly and overcomes the challenges legacy vendors face in preventing data breaches and ensuring compliance. "By combining Cyral's cloud-native DAM with Varonis' robust and growing database security capabilities, customers can begin to upgrade their costly legacy solutions, shattering the silos that have traditionally separated structured and unstructured data security," said
MIAMI, March 05, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS) today announced Varonis for Agentforce. The launch expands Varonis' security offering by giving IT and security teams critical visibility into the agentic AI layer. Agentforce is the agentic layer of the Salesforce platform for deploying autonomous AI agents across any business function. Agentforce includes a set of tools to create and customize agents, as well as a library of pre-built skills for any use case across sales, service, marketing and commerce, MuleSoft, Tableau, Slack, partners and more. Organizations use Agentforce to build and deploy AI agents that connect to enterprise data and automate a wi
MIAMI, March 04, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS) proudly announced it was named a Leader by renowned research and advisory firm Forrester in the report, The Forrester Wave™: Data Security Platforms, Q1 2025. Varonis also received the new designation of a Customer Favorite among evaluated vendors based on outstanding customer feedback. Findings from the report: Varonis earned the Highest Score in the Current Offering category. Varonis earned 5 out of 5 scores in the criteria of Data Discovery, Data Classification, Data Threat and Risk Visibility, Data Access Controls, Reporting, Investigations, Manageability and Support, and Supplier Risk.Varonis is Top-Ranked
MUMBAI, India, March 03, 2025 (GLOBE NEWSWIRE) -- Gartner Security & Risk Management Summit -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced its full schedule at the Gartner Security & Risk Management Summit, March 10 – 11 in Mumbai, India. Varonis Activities at the Gartner Security & Risk Management Summit: Meet Varonis: Visit Varonis at booth #210 to discover our latest cloud security offerings, see our unified approach to data security, and catch 1:1 demos with our team. Learn how Varonis helps organizations adopt gen AI copilots safely and confidently by putting data first. Expert Session: "AI Innovation and Security: Insights from a CISO and CFO" —
MIAMI and MUMBAI, India, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced new data centers in India. Located in Mumbai and Pune, the centers will support customers using the Varonis cloud-native Data Security Platform to protect sensitive data, maintain privacy regulations, and stay on top of threats with AI-powered automation. New draft rules under the Digital Personal Data Protection Act require Indian businesses to navigate the country's intricate legal landscape skillfully. Varonis' new data centers will support customers who must comply with regulatory frameworks from the Reserve Bank of India, the Securities and Exchan
SYDNEY, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced its full schedule as a Premier Exhibitor at the Gartner Security & Risk Management Summit, March 3 – 4 at the International Convention Centre in Sydney, Australia. Varonis Activities at the Gartner Security & Risk Management Summit: Meet Varonis: Visit booth #210 to catch 1:1 demos and learn how Varonis' best-in-class Data Security Platform allows companies to understand their risk, automatically fix exposures, and stop attacks on data — all while deploying AI confidently. Panel Session: "Executive's Guide to Securing Data in a New Era of Risk" — Join Varonis VP of A
MIAMI, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, announced its participation at the following upcoming conference: The Morgan Stanley Technology, Media & Telecom Conference, March 3 – 6, in San Francisco. The presentation is scheduled for March 3 at 1:50 p.m. PT. The audio presentations will be webcast live and available by visiting the "Investor Relations" section of Varonis' website at ir.varonis.com. The webcasts will be archived on the website for a limited time following the conferences. Additional Resources For more information on Varonis' solution portfolio, please visit www.varonis.com.Visit our blog, and join the conversat
MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS) announced it has been named the winner of SiliconANGLE Media's inaugural 2025 Tech Innovation CUBEd Awards in the Top Data Protection Innovation category. Varonis for Microsoft 365 Copilot was recognized as a groundbreaking solution that demonstrates significant innovation in safeguarding data in the age of AI. Varonis tracks user interactions with Copilot in real time, flags unusual prompts and data access, and removes improper access to sensitive data by both humans and AI agents. "We are honored to receive the Top Data Protection Innovation award for our gen AI copilot advancements," said Varonis Field CTO Br
MIAMI, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced its upcoming participation at ViVE 2025, February 16 – 19 in Nashville, Tenn. Today's bad actors don't break in — they log in. Varonis secures PHI by limiting an organization's blast radius — all the damage an attacker can do with just one comprised identity — in SaaS, IaaS, and hybrid environments. By ensuring only the right users can access the data they need, Varonis helps organizations maintain compliance with evolving HIPAA regulations and protect against overexposure. Varonis Highlights at ViVE 2025: Meet Varonis in Person: Visit Varonis at Viosk #2825 inside th
MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, announced that its board of directors authorized a share repurchase program allowing repurchases of up to $100.0 million of Varonis' common stock expected to be completed over the next 12 months. Under the share repurchase program, Varonis is authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act. The number of shares to be purchased and the timing of purchases will be based on Varonis' trad
MIAMI, March 17, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the data security leader, today announced the acquisition of the next-generation database activity monitoring (DAM) provider Cyral. Cyral's innovative approach to DAM uses agentless and stateless interception technology that deploys quickly and overcomes the challenges legacy vendors face in preventing data breaches and ensuring compliance. "By combining Cyral's cloud-native DAM with Varonis' robust and growing database security capabilities, customers can begin to upgrade their costly legacy solutions, shattering the silos that have traditionally separated structured and unstructured data security," said
Annual recurring revenues grew 18% year-over-yearSaaS ARR as a percentage of total ARR was approximately 53%Year-to-date cash from operations generated $115.2 million vs. $59.4 million last yearYear-to-date free cash flow generated $108.5 million vs. $54.3 million last year NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced financial results for the fourth quarter and full-year ended December 31, 2024. Yaki Faitelson, Varonis CEO, said, "We are excited by the approximately 50% increase in ARR from new customers, which was driven by the simplicity of SaaS and MDDR as well as customer interest in utili
NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, announced that it will report its fourth quarter 2024 financial results following the close of the U.S. financial markets Tuesday, February 4, 2025. In conjunction with this announcement, Varonis will host a conference call Tuesday, February 4, 2025, at 4:30 p.m. ET to discuss the company's financial results. To access this call, dial 877-425-9470 (domestic) or 201-389-0878 (international). The conference ID number is 13750890. A replay of this conference call will be available through February 11, 2025, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcod
Annual recurring revenues grew 18% year-over-yearSaaS ARR as a percentage of total ARR was approximately 43%Year-to-date cash from operations generated $90.9 million vs. $49.0 million last yearYear-to-date free cash flow generated $88.6 million vs. $46.0 million last year NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced financial results for the third quarter ended September 30, 2024. Yaki Faitelson, Varonis CEO, said, "We are encouraged by the many tailwinds that are contributing to the strong growth in our business, and our third quarter results reflect the continued strong adoption of our SaaS platform and
NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, announced that it will report its third quarter 2024 financial results following the close of the U.S. financial markets Tuesday, October 29, 2024. In conjunction with this announcement, Varonis will host a conference call Tuesday, October 29, 2024, at 4:30 p.m. ET to discuss the company's financial results. To access this call, dial 877-425-9470 (domestic) or 201-389-0878 (international). The conference ID number is 13749435. A replay of this conference call will be available through November 5, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passc
Annual recurring revenues grew 18% year-over-yearSaaS ARR as a percentage of total ARR was approximately 36%Year-to-date cash from operations generated $68.4 million vs. $42.6 million last yearYear-to-date free cash flow generated $67.3 million vs. $40.0 million last year NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced financial results for the second quarter ended June 30, 2024. Yaki Faitelson, Varonis CEO, said, "Our second quarter results reflect the growing momentum of our SaaS platform and recently introduced Managed Data Detection and Response offering, which helps customers automatically prevent data b
NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, announced that it will report its second quarter 2024 financial results following the close of the U.S. financial markets Monday, July 29, 2024. In conjunction with this announcement, Varonis will host a conference call Monday, July 29, 2024, at 4:30 p.m. ET to discuss the company's financial results. To access this call, dial 877-425-9470 (domestic) or 201-389-0878 (international). The conference ID number is 13747734. A replay of this conference call will be available through August 5, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode is 137477
Annual recurring revenues grew 17% year-over-yearSaaS ARR as a percentage of total ARR was approximately 30%Year-to-date cash from operations generated $56.7 million vs. $36.8 million last yearYear-to-date free cash flow generated $56.4 million vs. $35.7 million last year NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced financial results for the first quarter ended March 31, 2024. Yaki Faitelson, Varonis CEO, said, "Our first quarter results reflect the continued strong adoption of our SaaS platform, driven by the automated outcomes that customers receive and our recently introduced MDDR offering, which we
NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, announced that it will report its first quarter 2024 financial results following the close of the U.S. financial markets Monday, May 6, 2024. In conjunction with this announcement, Varonis will host a conference call Monday, May 6, 2024, at 4:30 p.m. ET to discuss the company's financial results. To access this call, dial 877-425-9470 (domestic) or 201-389-0878 (international). The conference ID number is 13745727. A replay of this conference call will be available through May 13, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode is 13745727. A
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 NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced financial results for the fourth quarter and full year ended December 31, 2023. Yaki Faitelson, Varonis CEO, said, "Our fourth quarter results reflect the sustained momentum of our SaaS platform and I'm happy to announce that SaaS ARR represented approximately 23% of total company ARR at year-en