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 |
|---|---|---|---|
| 3/28/2025 | $50.00 | Peer Perform → Outperform | Wolfe Research |
| 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 |
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MIAMI and TOKYO, April 07, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, today announced Toshi Namiki's appointment as Country Manager for Japan. With more than 25 years of experience in software and cybersecurity, Toshi has led international high-value sales for Deep Instinct, Forescout Technologies, and global leaders Palo Alto Networks and VeriSign. He brought cutting-edge technology to Japan by working with regional partners, helping companies adopt state-of-the-art solutions, and driving innovation throughout the Japanese tech landscape. "I'm thrilled to join Varonis to help our customers stop breaches and protect what matters most — thei
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
Wolfe Research upgraded Varonis Systems from Peer Perform to Outperform and set a new price target of $50.00
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
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MIAMI, June 10, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, announced the Varonis Model Context Protocol (MCP) Server — a powerful new way to access and orchestrate the Varonis Data Security Platform using AI clients like ChatGPT, Claude, and GitHub Copilot. The Varonis MCP Server marks the next evolution for data security — transforming Varonis into an AI-agnostic engine that turns simple prompts into powerful, automated outcomes. Customers can ask deep research questions about their data security posture or automate powerful workflows with prompts such as: "Get the last three high-severity alerts from Varonis and update any related Servic
MIAMI, June 04, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, has once again been recognized as a 2025 Customers' Choice in the Gartner® Peer Insights™ "Voice of the Customer" for Data Security Posture Management (DSPM). This marks the second consecutive year Varonis received this prestigious distinction. Varonis is proud to be one of the highest scoring vendors, with an impressive 4.9 out of 5 stars out of 149 reviews and more five-star ratings, as of February 2025. Notably, 99% of customers said they would recommend Varonis. Customers rated Varonis 4.9 out of 5 stars for support experience and 4.8 out of 5 stars for product capabilities. He
MIAMI, June 03, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, today announced Varonis Identity Protection, the latest enhancement to its Data Security Platform that gives organizations unified visibility and control of data and identities. Most identity security tools operate in a vacuum — with no understanding of the critical data each identity can access or how they're accessing it. Varonis connects the dots between identities and data, helping organizations automatically reduce access to their most sensitive data, fix identity posture issues, and stop identity-based threats — including those originating from insiders, stolen credentials, a
MIAMI and LONDON, May 27, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, announced its full event schedule for Infosecurity Europe 2025, taking place June 3 – 5 at ExCeL London. Varonis proudly returns to present expert sessions on strengthening cyber resilience, mastering proactive security, and modernizing DLP for today's threat landscape. Stop by Varonis' Booth D60 to learn how Varonis reduces risk to data in the age of AI. While there, learn how Varonis helps customers identify and mitigate threats across IaaS and SaaS, safeguard sensitive data, and boost compliance with privacy regulations automatically. Highlights at Infosecurity Europe 2
MIAMI, May 20, 2025 (GLOBE NEWSWIRE) -- A new report from Varonis reveals 99% of organizations have sensitive data exposed to AI. The State of Data Security Report: Quantifying AI's Impact on Data Risk examines how much sensitive information is exposed and vulnerable to AI tools due to misconfigurations, overly permissive access, and other data security gaps. "The productivity gains of AI are real — and so is the data security risk," said Varonis CEO, President, and Co-Founder Yaki Faitelson. "CIOs and CISOs face enormous pressure to adopt AI at warp speed, which is driving the adoption of data security platforms. AI runs on data, and taking a data-centric approach to security is critical
MIAMI, May 19, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, proudly announces that its cloud-native Data Security Platform is the first in its category to achieve Federal Risk and Authorization Management Program (FedRAMP®) Authorization. The industry milestone confirms that Varonis' AI-driven platform aligns with rigorous standards for cloud-hosted security solutions and highlights the company's commitment to providing best-in-class data security to federal agencies and public-sector organizations nationwide. "FedRAMP is the gold standard, and Varonis is the first and only FedRAMP-certified Data Security Platform — making us the clear choice
MIAMI, May 08, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, announced its participation at the following upcoming conferences: The J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference, May 13 – 15, in Boston. The presentation is scheduled for May 15 at 8:40 a.m. ET.The TD Cowen 53rd Annual Technology, Media & Telecom Conference, May 28 – 29, in New York. The presentation is scheduled for May 28 at 1:15 p.m. ET.The William Blair 45th Annual Growth Stock Conference, June 3 – 5, in Chicago. The presentation is scheduled for June 4 at 12:40 p.m. CT. The audio presentations will be webcast live and available by visiting t
Annual recurring revenues grew 19% year-over-yearSaaS ARR as a percentage of total ARR was approximately 61%Year-to-date cash from operations generated $68.0 million vs. $56.7 million last yearYear-to-date free cash flow generated $65.3 million vs. $56.4 million last year MIAMI, May 06, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, today announced financial results for the first quarter ended March 31, 2025. Yaki Faitelson, Varonis CEO, said, "Our first quarter results reflect the momentum of our SaaS platform as well as the many tailwinds that are contributing to the growth in our business, including MDDR and Generative AI. Our solution h
MIAMI and SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) -- RSA CONFERENCE 2025 – Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, today proudly announced it received four Global Infosec Awards during the RSA Conference 2025. Varonis won the Innovative Service award for its Managed Data Detection and Response. The Varonis Data Security Platform received the Editor's Choice for Cloud Security, the Market Innovator award for Data-Centric Security, and the Market Innovator award for Data Security Posture Management. The panel of judges recognized Varonis for finding, fixing, and alerting to threats to data across IaaS, SaaS, and hybrid environments with game-changing automati
MIAMI and SAN FRANCISCO, April 30, 2025 (GLOBE NEWSWIRE) -- RSA CONFERENCE 2025 – Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, is proud to announce that Matt Radolec, VP of Incident Response and Cloud Operations, will return to the RSA Conference main stage. Matt will present "Addressing the Cybersecurity Skills Gap with Gamer Talent" on Wednesday, April 30, at 11:10 a.m. PT on the Moscone West Stage. Matt joins the list of respected and influential keynote speakers, including Senior Director for Cyber, White House National Security Council Alexei Bulazel, and former Cybersecurity and Infrastructure Security Agency Director Jen Easterly. Drawing from his experience b
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Annual recurring revenues grew 19% year-over-yearSaaS ARR as a percentage of total ARR was approximately 61%Year-to-date cash from operations generated $68.0 million vs. $56.7 million last yearYear-to-date free cash flow generated $65.3 million vs. $56.4 million last year MIAMI, May 06, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, today announced financial results for the first quarter ended March 31, 2025. Yaki Faitelson, Varonis CEO, said, "Our first quarter results reflect the momentum of our SaaS platform as well as the many tailwinds that are contributing to the growth in our business, including MDDR and Generative AI. Our solution h
MIAMI, April 10, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), the leader in data security, announced that it will report its first quarter 2025 financial results following the close of the U.S. financial markets Tuesday, May 6, 2025. In conjunction with this announcement, Varonis will host a conference call Tuesday, May 6, 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 13752980. A replay of this conference call will be available through May 13, 2025, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode is 13752980.
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