Varonis Systems, Inc. (NASDAQ:VRNS) is reporting third quarter financial results on Monday 26th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, VRNS is expected to report 3Q20 loss of $ 0.13 per share from revenue of $ 70.17 million.
For the full year, analysts anticipate top line of $ 271.27 million, while looking forward to loss of $ 0.85 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.14 ~ $ -0.11 per share, while revenues are expected in a range of $ 68.00 million ~ $ 71.00 million
Full Year 2020 topline are forecasted in a range of$ 286.00 million ~ $ 292.00 million, where as bottomline are predicted in a range of $ -0.93 ~ $ -0.89 per share
Click Here For More Historical Outlooks Of Varonis Systems, Inc.
Previous Quarter Performance
Varonis Systems, Inc. communicated loss for the second quarter of $ 0.15 per share, from the revenue of $ 66.56 million. Street analysts expected Varonis Systems, Inc. to report loss of $ 0.35 per share on revenue of $ 56.99 million for the second quarter. The bottom line results beat street analysts by $ 0.2 or 57.14 percent, at the same time, top line results outshined analysts by $ 9.57 million or 16.79 percent.
Stock Performance
On Friday, shares of Varonis Systems, Inc. has traded high as $ 124.55 and has cracked $ 120.63 on the downward trend, reaching $ 124.27 with volume of 163.20 thousand shares.
According to the previous trading day, closing price of $ 124.27, representing a 149.95 % increase from the 52 week low of $ 48.95 and a 6.54 % decrease over the 52 week high of $ 130.91.
The company has a market capital of $ 3.92 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Wedbush at Outperform rating, with $ 150.00 target price.
- On 14th September 2020, maintained by Needham & Company LLC at Buy rating, with $ 135.00 target price.
Conference Call
Varonis Systems, Inc. will be hosting a conference call at 4:30 PM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.varonis.com
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.
