News articles about Varonis Systems (NASDAQ:VRNS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Varonis Systems earned a news impact score of 0.23 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.3300895219141 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Varonis Systems, Inc. (VRNS) Receives “Buy” Rating from Stifel Nicolaus (americanbankingnews.com)
- Varonis Systems, Inc. (VRNS) Receives Buy Rating from Royal Bank Of Canada (americanbankingnews.com)
- Analysts Anticipate Varonis Systems, Inc. (VRNS) Will Announce Earnings of -$0.01 Per Share (americanbankingnews.com)
- Varonis Systems, Inc. (VRNS) CFO Guy Melamed Sells 1,150 Shares (americanbankingnews.com)
- Varonis Systems, Inc. (VRNS) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
Several analysts have recently issued reports on VRNS shares. Zacks Investment Research downgraded Varonis Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Imperial Capital restated an “outperform” rating and set a $46.00 target price (up previously from $39.00) on shares of Varonis Systems in a research note on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and set a $42.00 target price on shares of Varonis Systems in a research note on Thursday, July 20th. Jefferies Group LLC restated a “buy” rating and set a $45.00 target price on shares of Varonis Systems in a research note on Thursday. Finally, Morgan Stanley upgraded Varonis Systems from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $24.00 to $35.00 in a research note on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.20.
Shares of Varonis Systems (VRNS) traded down 0.25% during mid-day trading on Monday, reaching $39.35. The company had a trading volume of 342,304 shares. The company’s market capitalization is $1.08 billion. Varonis Systems has a 12 month low of $24.45 and a 12 month high of $40.00. The firm’s 50-day moving average is $37.99 and its 200 day moving average is $34.55.
Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The business had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $47.50 million. During the same quarter last year, the company posted ($0.12) earnings per share. Varonis Systems’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities research analysts predict that Varonis Systems will post $0.09 earnings per share for the current year.
In other news, CFO Guy Melamed sold 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $38.35, for a total transaction of $44,102.50. Following the completion of the sale, the chief financial officer now owns 96,295 shares in the company, valued at $3,692,913.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ohad Korkus sold 57,938 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $39.04, for a total value of $2,261,899.52. Following the sale, the insider now owns 214,108 shares of the company’s stock, valued at approximately $8,358,776.32. The disclosure for this sale can be found here. Insiders have sold 327,231 shares of company stock valued at $12,436,824 in the last quarter. 19.50% of the stock is currently owned by corporate insiders.
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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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