Varonis Systems (VRNS) Getting Somewhat Positive Media Coverage, Analysis Finds

News stories about Varonis Systems (NASDAQ:VRNS) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Varonis Systems earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.2664441898156 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of Varonis Systems (NASDAQ VRNS) opened at $58.20 on Monday. The firm has a market capitalization of $1,620.00, a P/E ratio of -114.12 and a beta of 0.81. Varonis Systems has a 1-year low of $26.35 and a 1-year high of $60.05.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Monday, February 12th. The technology company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.07. The business had revenue of $73.20 million during the quarter, compared to the consensus estimate of $66.29 million. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. equities analysts expect that Varonis Systems will post -0.77 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. BidaskClub raised Varonis Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, January 23rd. JMP Securities lifted their price objective on Varonis Systems from $56.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 13th. Imperial Capital reiterated an “outperform” rating and issued a $63.00 target price (up from $52.00) on shares of Varonis Systems in a report on Tuesday, February 13th. Finally, Stifel Nicolaus lifted their target price on Varonis Systems from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Varonis Systems has a consensus rating of “Buy” and an average target price of $57.92.

In other news, CFO Guy Melamed sold 897 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $48.95, for a total transaction of $43,908.15. Following the completion of the sale, the chief financial officer now owns 95,408 shares in the company, valued at $4,670,221.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP James O’boyle sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $56.79, for a total value of $1,987,650.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,634 shares of company stock valued at $12,824,716. 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.

Insider Buying and Selling by Quarter for Varonis Systems (NASDAQ:VRNS)

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