Varonis Systems (NASDAQ:VRNS) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.36-0.34) for the period, compared to the Thomson Reuters consensus estimate of ($0.08). The company issued revenue guidance of $61.0-62.5 million, compared to the consensus revenue estimate of $68.24 million.Varonis Systems also updated its FY 2019 guidance to $-0.93–0.9 EPS.
NASDAQ VRNS traded up $1.01 on Wednesday, hitting $72.30. 345,857 shares of the company’s stock traded hands, compared to its average volume of 240,791. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -73.78 and a beta of 1.01. The stock’s 50-day moving average price is $64.39. Varonis Systems has a 1-year low of $48.67 and a 1-year high of $80.00.
Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Monday, April 29th. The technology company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.04). The firm had revenue of $56.40 million for the quarter, compared to analysts’ expectations of $59.36 million. Varonis Systems had a negative net margin of 13.24% and a negative return on equity of 30.00%. Varonis Systems’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) earnings per share. Equities analysts forecast that Varonis Systems will post -1.75 earnings per share for the current fiscal year.
In other news, EVP David Bass sold 42,416 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $72.54, for a total transaction of $3,076,856.64. Following the completion of the sale, the executive vice president now owns 202,833 shares of the company’s stock, valued at $14,713,505.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is owned by corporate insiders.
Varonis Systems Company Profile
Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.
See Also: S&P 500 Index
Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.