Varonis Systems (NASDAQ:VRNS) Getting Somewhat Positive Press Coverage, Accern Reports
Press coverage about Varonis Systems (NASDAQ:VRNS) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news 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 coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.4674336897719 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- $49.43 Million in Sales Expected for Varonis Systems, Inc. (NASDAQ:VRNS) This Quarter (americanbankingnews.com)
- Edited Transcript of VRNS earnings conference call or presentation 3-Aug-17 9:00pm GMT (finance.yahoo.com)
- Imperial Capital Raises Varonis Systems, Inc. (NASDAQ:VRNS) Price Target to $46.00 (americanbankingnews.com)
- Varonis Systems, Inc. (NASDAQ:VRNS) Given “Buy” Rating at Jefferies Group LLC (americanbankingnews.com)
- Varonis Systems, Inc. (VRNS) Announces Earnings Results (americanbankingnews.com)
A number of brokerages have commented on VRNS. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Varonis Systems in a research report on Friday. Barclays PLC raised their price objective on Varonis Systems from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday. Imperial Capital raised their price objective on Varonis Systems from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price objective (up previously from $40.00) on shares of Varonis Systems in a research report on Friday. Finally, BidaskClub downgraded Varonis Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.82.
Shares of Varonis Systems (NASDAQ VRNS) traded up 0.26% during trading on Monday, hitting $38.65. The stock had a trading volume of 17,366 shares. The stock’s market capitalization is $1.05 billion. The stock’s 50-day moving average is $37.49 and its 200-day moving average is $32.84. Varonis Systems has a 12-month low of $24.45 and a 12-month high of $39.35.
Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $47.50 million. Varonis Systems had a negative return on equity of 21.12% and a negative net margin of 9.03%. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) earnings per share. Analysts predict that Varonis Systems will post $0.01 EPS for the current fiscal year.
In other Varonis Systems news, Director Gili Iohan sold 12,382 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $36.49, for a total transaction of $451,819.18. Following the completion of the transaction, the director now directly owns 62,450 shares in the company, valued at $2,278,800.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Guy Melamed sold 5,074 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $37.50, for a total transaction of $190,275.00. Following the transaction, the chief financial officer now owns 98,991 shares of the company’s stock, valued at $3,712,162.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 338,436 shares of company stock valued at $12,825,387. 19.50% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Varonis Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.