VRNS

Varonis Systems Inc

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Advanced Chart

34.320

-1.21(-3.406%)1D

Line

Candle

YTD

High

35.450

Open

34.920

VWAP

34.73

Vol

1.89M

Mkt Cap

4.05B

Low

34.205

Amount

65.73M

EV/EBITDA(TTM)

Total Shares

111.50M

3.79B

EV/OCF(TTM)

25.78

P/S(TTM)

6.37

Varonis Systems, Inc. is a data security company. The Company’s cloud-native data security platform discovers and classifies critical data, removes exposures, and detects advanced threats with artificial intelligence (AI)-powered automation. Varonis software enables enterprises of all sizes and industries to protect data stored in the cloud and on-premises, including sensitive files, emails and databases; confidential personal data belonging to customers, patients and employees; financial records; source code, strategic and product plans; and other intellectual property. Its SaaS product portfolio includes two product lines: its flagship Varonis Data Security Platform, which protects Microsoft 365, Windows file shares, Active Directory, Edge devices (VPN, DNS, proxy), UNIX/Linux and hybrid NAS storage, and DatAdvantage Cloud, which protects IaaS environments and SaaS applications, such as Salesforce, AWS, Azure, Google Cloud, Google Workspace, Databricks, ServiceNow, and others.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

168.73M

+6.45%

0.032

-82.14%

163.60M

+19.92%

0.046

+357.6%

174.56M

+14.72%

0.070

+134.83%

Estimates Revision

The market is revising Downward the revenue expectations for Varonis Systems, Inc. (VRNS) for FY2025, with the revenue forecasts being adjusted by -1.13% over the past three months. During the same period, the stock price has changed by -39.74%.

Revenue Estimates for FY2025

Revise Downward

-1.13%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-23.13%

In Past 3 Month

Stock Price

Go Down

-39.74%

In Past 3 Month

19 Analyst Rating

Wall Street analysts forecast VRNS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRNS is 57.94 USD with a low forecast of 40.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

14 Buy

5 Hold

0 Sell

Moderate Buy

Current: 34.320

Low

40.00

Averages

57.94

High

80.00

Current: 34.320

Low

40.00

Averages

57.94

High

80.00

Citi

Neutral -> Neutral

downgrade

$58 -> $40

2025-11-03

Reason

Citi

Price Target

$58 -> $40

2025-11-03

downgrade

Neutral -> Neutral

Reason

Citi lowered the firm's price target on Varonis to $40 from $58 and keeps a Neutral rating on the shares. The firm updated systems software models following the Q3 reports.

Susquehanna

Positive

downgrade

$65 -> $50

2025-10-29

Reason

Susquehanna

Price Target

$65 -> $50

2025-10-29

downgrade

Positive

Reason

Susquehanna lowered the firm's price target on Varonis to $50 from $65 and keeps a Positive rating on the shares. The firm said they reported a mixed 3Q with the SaaS business remaining solid but declining federal and on-prem renewal rates impacting both the quarter and outlook.

DA Davidson

Rudy Kessinger

Neutral

downgrade

$55 -> $40

2025-10-29

Reason

DA Davidson

Rudy Kessinger

Price Target

$55 -> $40

2025-10-29

downgrade

Neutral

Reason

DA Davidson analyst Rudy Kessinger lowered the firm's price target on Varonis to $40 from $55 and keeps a Neutral rating on the shares. The company missed on Q3 ARR - annual recurring revenue - and lowered its 2025 ARR guidance significantly as Federal and non-Federal on-premise renewal rates were much lower than expected, the analyst tells investors in a research note. The firm suspects this is due to Varonis aggressively pushing on-premise customers to migrate to SaaS when they have no interest in doing so.

RBC Capital

Outperform

NULL

downgrade

$72 -> $60

2025-10-29

Reason

RBC Capital

Price Target

$72 -> $60

2025-10-29

downgrade

Outperform

NULL

Reason

RBC Capital lowered the firm's price target on Varonis to $60 from $72 and keeps an Outperform rating on the shares. The company reported disappointing results as ARR and revenue missed expectations due to Fed and enterprise on-prem subscription softness, though its SaaS buisness continues to perform well, with strong demand and healthy SaaS net retention rate, the analyst tells investors in a research note.

UBS

Roger Boyd

Buy

downgrade

$70 -> $60

2025-10-29

Reason

UBS

Roger Boyd

Price Target

$70 -> $60

2025-10-29

downgrade

Buy

Reason

UBS analyst Roger Boyd lowered the firm's price target on Varonis to $60 from $70 and keeps a Buy rating on the shares.

Truist

Buy

downgrade

$70 -> $50

2025-10-29

Reason

Truist

Price Target

$70 -> $50

2025-10-29

downgrade

Buy

Reason

Truist lowered the firm's price target on Varonis to $50 from $70 and keeps a Buy rating on the shares after its Q3 results. The stock fell after weaker than guided Q3 top line results due to deterioration in renewal rates across its On-Prem segment which it has been migrating customers from the past three years, the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Varonis Systems Inc (VRNS.O) is 135.03, compared to its 5-year average forward P/E of 601.25. For a more detailed relative valuation and DCF analysis to assess Varonis Systems Inc 's fair value, click here.

Forward PE
Forward EV/EBITDA
Forward PS

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

601.25

Current PE

135.03

Overvalued PE

2180.24

Undervalued PE

-977.74

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

151.78

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

258.39

Undervalued EV/EBITDA

45.17

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

9.59

Current PS

34.57

Overvalued PS

13.79

Undervalued PS

5.39

Financials

Annual

Quarterly

FY2025Q3

YoY :

+9.12%

161.58M

Total Revenue

FY2025Q3

YoY :

+52.01%

-35.93M

Operating Profit

FY2025Q3

YoY :

+63.32%

-29.94M

Net Income after Tax

FY2025Q3

YoY :

+62.50%

-0.26

EPS - Diluted

FY2025Q3

YoY :

+35.95%

28.89M

Free Cash Flow

FY2025Q3

YoY :

-6.61%

78.25

Gross Profit Margin - %

FY2025Q3

YoY :

+21.83%

21.60

FCF Margin - %

FY2025Q3

YoY :

+49.68%

-18.53

Net Margin - %

Trading Trends

Insider
Hedge Fund
Congress Trading

Insider

Insiders areSelling! The selling amount has increased 2043.14% over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

6.7M

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds areBuying! The buying amount has increased 170.88% over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

0.0

Volume

6-9

Months

0.0

Volume

0-12

Months

109.9K

Volume

Bought

0-3

0.0

Volume

Months

3-6

0.0

Volume

Months

6-9

2.1M

Volume

Months

0-12

793.2K

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders areSelling! The selling amount has increased 2043.14% over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

6.7M

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

VRNS News & Events

Events Timeline

2025-10-29 (ET)

2025-10-29

12:03:11

Varonis Experiences a 44.9% Decline

2025-10-29

10:00:40

Varonis Experiences a 44.1% Decline

2025-10-28 (ET)

2025-10-28

16:54:49

Varonis Projects FY25 EPS Between 12c and 13c, Matching Consensus at 12c

News

7.0

11-12PRnewswire

INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Varonis Systems, Inc. (NASDAQ: VRNS) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm