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 |
|---|---|---|---|
| 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 | |
| 5/18/2023 | $30.00 | Buy | DA Davidson |
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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
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. 21, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced it was named a Leader and Outperformer in the GigaOm Radar Report for Data Security Platforms. Varonis was classified as a Leader and Outperformer in the Maturity/Platform Play quadrant "given its continued leadership in the space," according to the report. Varonis also received exceptional five-star ratings in several Key Criteria categories, including behavior analytics, security stack integrations, and service integrations. According to the report, Varonis "continues to innovate and build capabilities into its already extensive platform." "Customers can expect co
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
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), today announced it extended its data security coverage to ServiceNow. The integration expands Varonis' coverage to continuously discover and classify critical data and resolve issues related to data risk and overexposure within ServiceNow. ServiceNow's cloud IT Service Management platform handles business-critical data related to everything from IT operations to HR, making it a prime target for attackers. Additionally, the platform's extensive customization options can result in misconfigured access controls, putting sensitive data at risk of exposure. Varonis offers a unified view into data wherever it live
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), today announced it expanded its data security coverage to Databricks. The latest integration broadens Varonis' extensive coverage to continuously discover and classify critical data, remove exposures, and detect threats to the Databricks Data Intelligence Platform. Global enterprises, including 60% of the Fortune 500, rely on Databricks for building, deploying, sharing, and maintaining enterprise-grade data, analytics, and AI solutions at scale. While cloud platforms like Databricks provide power and flexibility, they also increase risk as data grows — requiring a proactive, data-centric approach to discoveri
NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), today announced the expansion of its IaaS security coverage to Google Cloud. The latest integration broadens Varonis' extensive coverage portfolio, bringing the company's proven data-centric approach to Google Cloud storage and data warehouses. Data is a prime target for attackers, but discovering where sensitive data lives and remediating risk across sprawling cloud environments is virtually impossible without automation. Other tools simply monitor configurations. Varonis focuses on data, providing comprehensive visibility while automatically identifying and resolving data risk issues. With Varonis, custome
NEW YORK, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, announced its participation at the following upcoming conferences: The 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference, November 19 – 20, in New York. The presentation is scheduled for November 19 at 2:40 p.m. ET.The Wells Fargo 8th Annual TMT Summit, December 3 – 4, in Rancho Palos Verdes, CA. The presentation is scheduled for December 3 at 12:45 p.m. PT.The UBS Global Technology and AI Conference, December 2 – 5, in Scottsdale, AZ. The presentation is scheduled for December 4 at 11:35 a.m. MT.The Barclays 22nd Annual Global Technology
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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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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
DA Davidson initiated coverage of Varonis Systems with a rating of Buy and set a new price target of $30.00
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
NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, announced that it will report its fourth quarter 2023 financial results following the close of the U.S. financial markets Monday, February 5, 2024. In conjunction with this announcement, Varonis will host a conference call Monday, February 5, 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 13743527. A replay of this conference call will be available through February 12, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode