Announcement • Apr 29
Varonis Systems, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2026 Varonis Systems, Inc. provided earnings guidance for the Second quarter and full year 2026. For the quarter, the company expected revenues of $175.0 million to $178.0 million, or year-over-year growth of 15% to 17%.
For full year 2026, the Company expected revenues of $731.0 million to $737.0 million, or year-over-year growth of 17% to 18%. Announcement • Apr 21
Varonis Systems, Inc., Annual General Meeting, Jun 01, 2026 Varonis Systems, Inc., Annual General Meeting, Jun 01, 2026. Announcement • Apr 14
Varonis Systems, Inc. to Report Q1, 2026 Results on Apr 28, 2026 Varonis Systems, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 28, 2026 Announcement • Mar 17
Varonis Systems, Inc Announces General Availability of Varonis Atlas Varonis Systems, Inc. announced the general availability of Varonis Atlas, an end-to-end AI Security Platform that helps organizations see and control AI across the enterprise. AI agents, copilots, and LLMs are now embedded in enterprise workflows. They read, write, and act on data at machine speed. Most organizations don’t know which AI systems they have, what they can do, or whether they’re compliant with emerging regulations. Atlas covers the entire AI security lifecycle — from discovery and posture management to runtime protection and compliance — in a single solution. It connects to virtually any AI system that organizations build or run: hosted AI platforms, custom LLMs, agentic frameworks, chatbots, and embedded AI. Through integrations with the Varonis Data Security Platform, Atlas brings data context that standalone AI security tools can’t match. Atlas capabilities include: Find: AI Inventory & Shadow AI: Continuously discover AI assets, projects, and systems — including shadow AI — across your entire environment. AI Security Posture Management (AI-SPM): Scan your AI agents, chatbots, and models for vulnerabilities and misconfigurations. AI Pen Testing: Proactively stress test your AI systems for vulnerabilities like prompt injection and jailbreaks. Fix: AI Runtime Guardrails: Enforce real-time policies that prevent sensitive data leakage and block malicious and non-compliant AI usage. AI Compliance & Governance: Get out-of-the-box audit reporting to validate your compliance with ever-changing AI regulations and frameworks. AI Third-Party Risk Management: Manage AI use within products and services that you consume through your supply chain and take control of third-party risk. Alert: AI Activity Monitoring: View an audit trail of full end-to-end flows of AI interactions, including LLM calls, data access, tool calls, and guardrails. AI Detection & Response (AIDR): Detect and monitor all AI usage with a full end-to-end audit trail, generate real-time alerts on suspicious behavior, and integrate with SIEM and SOAR platforms. Varonis Atlas is available. Organizations can begin with a free trial with full access to Atlas’ AI inventory, posture management, security testing, runtime guardrails, and compliance reporting functionality. Announcement • Feb 04
Varonis Systems, Inc. Provides Earnings Guidance for the First Quarter of 2026 and Full Year 2026 Varonis Systems, Inc. provided earnings guidance for the first quarter of 2026 and full year 2026. For the quarter, the company expects SaaS ARR year-over-year growth of 27% to 28%, excluding conversions. Revenues of $164.0 million to $166.0 million, or year-over-year growth of 20% to 22%.
For full year 2026, the Company expects SaaS ARR of $805.0 million to $840.0 million, or year-over-year growth of 26% to 32%. SaaS ARR year-over-year growth of 18% to 20%, excluding conversions. Revenues of $722.0 million to $730.0 million, or year-over-year growth of 16% to 17%. Announcement • Jan 10
Varonis Systems, Inc. to Report Q4, 2025 Results on Feb 03, 2026 Varonis Systems, Inc. announced that they will report Q4, 2025 results After-Market on Feb 03, 2026 Announcement • Oct 14
Varonis Introduces Identity Protection for Salesforce Agentforce Varonis Systems, Inc. announced at Dreamforce 2025 the launch of its AI identity protection for Salesforce Agentforce. The latest release from Varonis provides IT and security teams with visibility and control over the data that AI agents created with Salesforce Agentforce can access and the actions they can take. Businesses use Agentforce to build and deploy AI agents that perform important tasks. Varonis connects the dots between AI agent identities with data sensitivity, permissions, and activity. The new capabilities enable Varonis customers to: Inventory AI agents. Automatically discover and catalog AI agents built on Agentforce, including their topics, actions, and deployment status. Unify visibility across sensitivity, permissions, and activity. Varonis provides a unified view into what data is sensitive, which agents can access that data, and what actions have been taken on that data. Automatically enforce least agency. Varonis analyzes prompts and responses for sensitive data exposure and policy violations, then automatically right-sizes access so that agents act within their intended scope. Organizations can request a complimentary Varonis Data Risk Assessment to evaluate their Salesforce security posture. Announcement • Oct 11
Varonis Systems, Inc. to Report Q3, 2025 Results on Oct 28, 2025 Varonis Systems, Inc. announced that they will report Q3, 2025 results After-Market on Oct 28, 2025 Announcement • Oct 08
Varonis Systems, Inc. Announces the Availability of Varonis Interceptor Varonis Systems, Inc. announced the availability of Varonis Interceptor, a new approach to email security that uses multi-layered AI to detect and block social-engineering attacks -- even when they originate from trusted or compromised sources. Attackers are using LLMs to deliver targeted phishing campaigns and craft pixel-perfect credential stealing websites at machine speed. When attacks come from compromised vendors or hijacked employee accounts, traditional detection methods break down. Varonis Interceptor is powered by the company's acquisition of SlashNext, announced in September. SlashNext was founded by Atif Mushtaq, one of the main architects of FireEye's core malware sandbox technology. Varonis Interceptor uses specialized AI models -- natural-language processing, computer vision, behavioral analysis, and the world's most advanced phishing sandbox -- to spot never-before-seen attacks and remove them from inboxes in real time. Protect users across email and collaboration apps like Microsoft Teams, Slack, and WhatsApp. Automated remediation. Remove inbound threats using touchless yet flexible policies that delete messages and neutralize links at scale. Live Threat Intelligence Database. Receive continuously updated signals from millions of scanned URLs, brand imaging attempts, and zero-hour phishing campaigns. AI Phishing Sandbox. Interceptor's virtual browser safely crawls links and simulates user's actions to evaluate post-click behavior. By connecting the dots between email, identity, and data, Varonis offers a complete and consolidated threat detection and response solution built to stop threats from the first point of attack to the last. Varonis Interceptor are available now. Interceptor is API-based, takes five minutes to deploy, and will perform a look-back to show which threats current email security solutions may have missed. Additional Resources: Read more on the Varonis blog. Read how Varonis Interceptor outperformed leading providers. Read why Varonis was named a Leader and a Customer Favorite by a leading analyst firm. Learn why Varonis is Gartner®? Peer Insights™? Customer's Choice and #1-rated DSPM. Check out these Varonis integrations. See Varonis in action: schedule a 30-minute demo. Visit blog and join the conversation on X, LinkedIn, and YouTube. Announcement • Sep 03
Varonis Systems, Inc. Updates Earnings Guidance for the Third Quarter and Full Year 2025 Varonis Systems, Inc. updated earnings guidance for the third quarter and full year 2025. For the quarter, the company expects revenues of $163.0 million to $168.0 million, or year-over-year growth of 10% to 13%.
For the year, the company expects revenues of $616.0 million to $628.0 million, or year-over-year growth of 12% to 14%. The Company updated its guidance to reflect the incremental expenses associated with the acquisition of SlashNext. Announcement • Sep 02
Varonis Systems, Inc. (NasdaqGS:VRNS) acquired SlashNext, Inc. Varonis Systems, Inc. (NasdaqGS:VRNS) acquired SlashNext, Inc. for an estimated deal value of $150 million on September 2, 2025. Cantor Fitzgerald, L.P. acted as financial advisor to SlashNext, Inc.
Varonis Systems, Inc. (NasdaqGS:VRNS) completed the acquisition of SlashNext, Inc. on September 2, 2025. Announcement • Jul 30
Varonis Systems, Inc. Provides Earnings Guidance for Third Quarter and Full Year of 2025 Varonis Systems, Inc. provided earnings guidance for third quarter and full year of 2025. For the third quarter, the company expects revenues of $163.0 million to $168.0 million, or year-over-year growth of 10% to 13%.
For the full year, the company expects revenues of $616.0 million to $628.0 million, or year-over-year growth of 12% to 14%. Announcement • Jul 29
Varonis Systems, Inc. Introduces Next-Gen Database Activity Monitoring Varonis Systems, Inc. announced the release of Varonis Next-Gen Database Activity Monitoring (DAM), a new approach to database security that deploys quickly and overcomes the challenges legacy vendors face in preventing data breaches and ensuring regulatory compliance. Next-Gen DAM is part of the Varonis Data Security Platform and includes: Activity monitoring. Capture every database query, in the cloud or on-premises, with a complete audit trail of who accessed which data, when, and how. User and entity behavior analytics. Automatically detect and block suspicious activity and sensitive datailtration attempts in real-time. Data discovery and classification. Understand which databases contain most sensitive data and determine what's exposed, at risk, or inactive. Database access control. Connect database permissions to corporate identities for a complete picture of which users, apps, and agents can read, modify, or delete critical data. Automated remediation. Revoke excessive permissions, mask sensitive data, and enforce other security policies automatically. The AI era demands a new and novel approach to data security. The days of fragmented data security products are ending. Varonis protects data wherever it lives, at rest or in motion, from a single unified platform--enabling organizations to continuously reduce their sensitive data exposure and respond to threats automatically. Varonis' Next-Gen DAM capabilities are now available natively in the Varonis Data Security platform, with support for major databases such as Databricks, Microsoft SQL Server, Amazon RDS, Postgres, Oracle, Snowflake, and countless others. Announcement • Jul 11
Varonis Systems, Inc. to Report Q2, 2025 Results on Jul 29, 2025 Varonis Systems, Inc. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • Jun 10
Varonis Systems, Inc. Announces the Varonis Model Context Protocol (Mcp) Server Varonis Systems, Inc. announced the Varonis Model Context Protocol (MCP) Server -- a powerful new way to access and orchestrate the Varonis Data Security Platform using AI clients like ChatGPT, Claude, and GitHub Copilot. The Varonis MCP Server marks the next evolution for data security -- transforming Varonis into an AI-agnostic engine that turns simple prompts into powerful, automated outcomes. Customers can ask deep research questions about their data security posture or automate powerful workflows with prompts such as: "Get the last three high-severity alerts from Varonis and update any related ServiceNow tickets with the details." "Run a Varonis remediation to remove all stale guest accounts that haven't accessed data in over 180 days." "Build a compliance report that lists all databases and tables throughout AWS and Azure that contain employee PII". With Athena AI embedded in the Varonis UI and agentic AI underpinning many of the platform's automated features, Varonis continues to redefine what's possible with AI-powered data security. Together, these capabilities give organizations a decisive edge in preventing data breaches and simplifying compliance. Announcement • Jun 03
Varonis Announces Identity Protection to Unify Identity and Data Security Varonis Systems, Inc. announced Varonis Identity Protection, the latest enhancement to its Data Security Platform that gives organizations unified visibility and control of data and identities. Most identity security tools operate in a vacuum -- with no understanding of the critical data each identity can access or how they're accessing it. Varonis connects the dots between identities and data, helping organizations automatically reduce access to their most sensitive data, fix identity posture issues, and stop identity-based threats -- including those originating from insiders, stolen credentials, and AI tools and agents. Unlike traditional identity products, Varonis understands the blast radius of every identity -- showing how much data would be exposed if an identity were compromised. Varonis Identity Protection distinguishes between human and non-human identities, classifies them as internal, guest, external, or privileged, and monitors how they interact with data to detect anomalies. Key Capabilities of Varonis Identity Protection: Machine Learning-Based Identity Classification: Varonis integrates with Entra ID, Okta, Active Directory, and others to map user accounts across environments. Using machine learning, Varonis auto-classifies identities - tagging executives, privileged users, service accounts, non-human identities, and more. Peer Analysis & User Behavior Analysis: Varonis continuously analyzes peer behavior to detect anomalies in identity usage, flagging deviations from normal patterns to surface risky activity earlier. Identity Threat Detection & Response (ITDR): Varonis monitors identity providers for signs of compromise, alerting on suspicious logins, password resets, MFA changes, and policy updates -- in context with each account's data access activity. Identity Posture Management With Automated Remediation: Varonis flags stale contractor accounts, excessive permissions, and missing MFA -- then automatically remediates risks by revoking access, removing entitlements, and eliminating ghost accounts. Announcement • May 21
Varonis Systems, Inc. Becomes the First Data Security Platform to Achieve FedRAMP Authorization Varonis Systems, Inc. announced that its cloud-native Data Security Platform is the first in its category to achieve Federal Risk and Authorization Management Program (FedRAMP®?) Authorization. The industry milestone confirms that Varonis' AI-driven platform aligns with rigorous standards for cloud-hosted security solutions and highlights the company's commitment to providing best-in-class data security to federal agencies and public-sector organizations nationwide. FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. To achieve FedRAMP Moderate Authorization, Varonis' cloud Data Security Platform successfully passed an extensive third-party assessment. Government agencies and federal systems integrators already rely on Varonis to support Zero Trust, insider threat detection, data loss prevention, and compliance with mandates like NIST 800-53, OMB M-21-31, M-22-09, and CISA Zero Trust guidance. Now, public-sector entities can accelerate their data security programs and prepare for safe AI rollouts by adopting Varonis' platform to: Continuously discover and classify critical data like CUI; Identify and right-size access automatically and continuously; Detect advanced threats with AI-powered automation. Announcement • May 07
Varonis Systems, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2025 Varonis Systems, Inc. provided earnings guidance for the second quarter and full year of 2025. For the quarter, the Company expects revenues of $145.0 million to $150.0 million, or year-over-year growth of 11% to 15%.
For full year 2025, the Company now expects ARR of $742.0 million to $750.0 million, or year-over-year growth of 16% to 17%. Revenues of $610.0 million to $625.0 million, or year-over-year growth of 11% to 13%. Announcement • Apr 30
Varonis Systems, Inc. Enhances Threat Detection and Response Capabilities with Agentic AI Varonis Systems, Inc. announced the addition of agentic AI to help power its Managed Data Detection and Response (MDDR) offering. Modern adversaries are weaponizing AI and overwhelming security teams with waves of automated attacks. The only way to stay ahead is to fight AI with AI. Varonis agents perform tasks such as correlating log data, associating IP addresses with known threat actors, and eliminating noise so human analysts can focus on more complex tasks. Agents improve over time by actively learning from historical incidents and analyst feedback. Agentic AI allows Varonis MDDR to deliver effortless data security outcomes for customers with 24x7 monitoring and an industry-best SLA. Varonis' agentic AI capabilities are now available as a native capability in Varonis MDDR. Announcement • Apr 28
Varonis Systems, Inc. Announces AI Shield: Always-On AI Risk Defense Varonis Systems, Inc. announced the industry's first always-on AI risk defense that continuously identifies data exposure in real time, flags violations, and automatically fixes issues before they can become data breaches. In organizations with poor data security posture, employees and AI agents are only one action away from accessing troves of data they should never have had access to in the first place. Varonis AI Shield continuously analyzes AI security posture, monitors how AI interacts with data, and dynamically right-sizes permissions so that sensitive information isn't exposed due to poor data security hygiene. AI Shield makes intelligent decisions about which data to restrict from AI using Varonis' patented permissions analysis algorithms that factor in data sensitivity, staleness, user profile, and more. Even if you haven't right-sized access, AI Shield has covered. With Varonis AI Shield, customers have always-on defense to ensure the secure use of AI, including: Real-time risk analysis to show exactly which sensitive data is exposed to AI; Automated risk remediation to continually eliminate data exposure at scale; Behavior-based threat detection to identify abnormal or malicious behavior; 24x7x365 alert response to investigate, contain, and stop data threats. AI security is data security. AI Shield helps employees use AI without putting data at risk, ensuring only the right people -- and agents -- have access to data, that use is monitored, and abuse is flagged. Announcement • Apr 24
Varonis Systems, Inc., Annual General Meeting, Jun 05, 2025 Varonis Systems, Inc., Annual General Meeting, Jun 05, 2025. Announcement • Apr 11
Varonis Systems, Inc. to Report Q1, 2025 Results on May 06, 2025 Varonis Systems, Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Announcement • Apr 07
Varonis Systems, Inc. Appoints Toshi Namikis as Country Manager for Japan Varonis Systems, Inc. announced Toshi Namikis appointment as Country Manager for Japan. With more than 25 years of experience in software and cybersecurity, Toshi has led international high-value sales for Deep Instinct, Forescout Technologies, and global leaders Palo Alto Networks and VeriSign. He brought cutting-edge technology to Japan by working with regional partners, helping companies adopt state-of-the-art solutions, and driving innovation throughout the Japanese tech landscape. Announcement • Mar 19
Varonis Systems, Inc. (NasdaqGS:VRNS) acquired Cyral Inc. Varonis Systems, Inc. (NasdaqGS:VRNS) acquired Cyral Inc. on March 17, 2025.
Varonis Systems, Inc. (NasdaqGS:VRNS) completed the acquisition of Cyral Inc. on March 17, 2025. Announcement • Mar 06
Varonis Systems, Inc. Announces Varonis for Agentforce to Enable Safe AI Rollouts Varonis Systems, Inc. announced Varonis for Agentforce. The launch expands Varonis' security offering by giving IT and security teams critical visibility into the agentic AI layer. Agentforce is the agentic layer of the Salesforce platform for deploying autonomous AI agents across any business function. Agentforce includes a set of tools to create and customize agents, as well as a library of pre-built skills for any use case across sales, service, marketing and commerce, MuleSoft, Tableau, Slack, partners and more. Organizations use Agentforce to build and deploy AI agents that connect to enterprise data and automate a wide range of business processes at scale. With Varonis for Agentforce, organizations can get a single pane of glass for all AI agents, including what they were built for and what actions they can perform. Teams can monitor connections to enterprise data sources to identify potential security risks. Varonis for Agentforce builds on Varonis' Salesforce security solutions, which allow companies to understand their risk, automatically fix exposures, and stop attacks on their CRM. By securing critical data and resources, Varonis gives IT and security teams a clear, real-time view of agents and activities in one place. Organizations can request a complimentary Varonis Data Risk Assessment to evaluate their Salesforce security posture. Announcement • Feb 11
Varonis Systems, Inc. (NasdaqGS:VRNS) announces an Equity Buyback for $100 million worth of its shares. Varonis Systems, Inc. (NasdaqGS:VRNS) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its shares. The program is valid till February 9, 2026. Announcement • Feb 05
Varonis Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2025 Varonis Systems, Inc. provided earnings guidance for the first quarter and full year of 2025. For the quarter, the company expects Revenues of $130.0 million to $135.0 million, or year-over-year growth of 14% to 18%.
For the year, the company expects Revenues of $610.0 million to $625.0 million, or year-over-year growth of 11% to 13%. ARR of $737.0 million to $745.0 million, or year-over-year growth of 15% to 16%. Announcement • Jan 11
Varonis Systems, Inc. to Report Q4, 2024 Results on Feb 04, 2025 Varonis Systems, Inc. announced that they will report Q4, 2024 results After-Market on Feb 04, 2025 Announcement • Dec 04
Varonis Systems, Inc. Expands Data Security Coverage to Databricks Varonis Systems, Inc. announced it expanded its data security coverage to Databricks. The latest integration broadens Varonis' extensive coverage to continuously discover and classify critical data, remove exposures, and detect threats to the Databricks Data Intelligence Platform. Global enterprises, including 60% of the Fortune 500, rely on Databricks for building, deploying, sharing, and maintaining enterprise-grade data, analytics, and AI solutions at scale. While cloud platforms like Databricks provide power and flexibility, they also increase risk as data grows -- requiring a proactive, data-centric approach to discovering where sensitive data lives and remediating risk at scale. With Varonis, organizations can continuously improve their cloud data security posture. Varonis for Databricks provides a robust feature set for securing data: Identify at-risk data automatically: Varonis discovers and classifies sensitive data across data lakehouse -- in workspaces, databases, schemas, and more. Varonis provides a clear view of user and group access permissions and identities in Databricks. Remediate issues proactively: Identifying data risks is only part of the puzzle; must also quickly fix issues and close vulnerabilities before they can be exploited. Varonis helps organizations proactively immediate issues and reduce risk. Comprehensive threat detection: Active threat detection is crucial for cloud data security, especially when attackers break in using legitimate credentials. Varonis offers comprehensive coverage across the kill chain so that can detect and address threats on data faster. Reported Earnings • Oct 30
Third quarter 2024 earnings released: US$0.16 loss per share (vs US$0.21 loss in 3Q 2023) Third quarter 2024 results: US$0.16 loss per share (improved from US$0.21 loss in 3Q 2023). Revenue: US$148.1m (up 21% from 3Q 2023). Net loss: US$18.3m (loss narrowed 20% from 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
Varonis Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024 Varonis Systems, Inc. provided earnings guidance for the fourth quarter and full year of 2024. For the quarter, the company expects Revenues of $162.0 million to $167.0 million, or year-over-year growth of 5% to 8%.
For the year, the company expects Revenues of $554.4 million to $559.4 million, or year-over-year growth of 11% to 12%. ARR of $635.0 million to $639.0 million, or year-over-year growth of 17% to 18%. Announcement • Oct 11
Varonis Systems, Inc. to Report Q3, 2024 Results on Oct 29, 2024 Varonis Systems, Inc. announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Announcement • Sep 18
Varonis Systems, Inc. Expands Salesforce Security Offering with New Automated Remediation Capabilities Varonis Systems, Inc. announced at Dreamforce 2024 new capabilities that help customers automatically identify and eliminate data security risks. With this new release, Varonis introduced four remediation features, adding to its library of powerful automations that help ensure always-on data security across data estate. Unlike other tools that only surface problems, Varonis shows where sensitive data is at risk and solves issues at scale with automation. Varonis helps customers understand their Salesforce data security posture in real time and helps ensure only the right people can access sensitive data. Varonis identifies misconfigurations, excessive permissions, and suspicious activity that put data at risk. With Varonis, customers can: Prevent users from stealing sensitive data. Salesforce environments hold troves of critical data and Varonis helps identify and prevent specific users from exfiltrating reports; Find and eliminate passwords that never expire. Non-expiring passwords place organizations at risk and can violate compliance rules. Varonis shows which users have passwords that never expire so can take action; Control third-party API connections. APIs grant access to sensitive data in Salesforce. Varonis prevents unauthorized users from granting third-party authentication providers access to Salesforce organizations through API integrations; Ensure users see only what they’re meant to see. Varonis helps ensure users can’t access sensitive data they shouldn’t see. Buy Or Sell Opportunity • Sep 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €47.57. The fair value is estimated to be €39.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Aug 09
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €49.11. The fair value is estimated to be €39.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. New Risk • Jul 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$50m net loss in 3 years). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Significant insider selling over the past 3 months (€12m sold). Announcement • Jul 31
Varonis Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2024 Varonis Systems, Inc. provided earnings guidance for the third quarter and full year 2024. For the quarter, the company expects Revenues of $140.0 million to $143.0 million, or year-over-year growth of 14% to 17%.
For the full year, the company expects ARR of $629.0 million to $635.0 million, or year-over-year growth of 16% to 17%, Revenues of $544.0 million to $552.0 million, or year-over-year growth of 9% to 11%. Reported Earnings • Jul 30
Second quarter 2024 earnings released: US$0.21 loss per share (vs US$0.35 loss in 2Q 2023) Second quarter 2024 results: US$0.21 loss per share (improved from US$0.35 loss in 2Q 2023). Revenue: US$130.3m (up 13% from 2Q 2023). Net loss: US$23.9m (loss narrowed 38% from 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jul 11
Varonis Systems, Inc. to Report Q2, 2024 Results on Jul 29, 2024 Varonis Systems, Inc. announced that they will report Q2, 2024 results After-Market on Jul 29, 2024 Buy Or Sell Opportunity • Jul 02
Now 16% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to €44.49. The fair value is estimated to be €38.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Jun 28
Now 23% overvalued Over the last 90 days, the stock has fallen 1.6% to €42.91. The fair value is estimated to be €34.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • Jun 15
Varonis Systems, Inc Announces Industry-First Automated Remediation to Prevent Data Exposure in Aws Varonis Systems, Inc. announced new capabilities to automatically and continuously strengthen data security posture and prevent data breaches across AWS. Cloud providers give organizations the flexibility and power to create and proliferate cloud data workloads faster than ever. But flexibility breeds risk. Understaffed security teams are inundated with data security issues that must be reviewed and resolved one by one. This slow and manual process creates a needlessly large vulnerability window for attackers to exploit. Varonis' new remediation capabilities create a self-securing AWS environment that keeps pace with rapid data growth and developer agility. With little to no effort, security teams can block public access to sensitive S3 buckets, remove stale users and roles, and delete inactive access keys. Varonis' intelligent automation focuses on actions with high-security value and zero business impact. Additional Resources: Read more on the Varonis blog. Learn why Varonis was recognized as a Customers' Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for DSPM report. Learn more about Varonis for AWS. See Varonis in action: schedule a 30-minute demo. Check out these Varonis integrations. Recent Insider Transactions • May 13
Co-Founder recently sold €12m worth of stock On the 9th of May, Yakov Faitelson sold around 284k shares on-market at roughly €41.98 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Yakov 's only on-market trade for the last 12 months. Announcement • May 09
Varonis Systems, Inc. Adds AI Prompt Monitoring to Prevent Malicious Copilot Activity Varonis Systems, Inc. announced the addition of prompt monitoring to its Microsoft 365 Copilot security offering. This new feature allows security teams to investigate risky prompts, responses, and sensitive file references directly within the Varonis Data Security Platform. Generative AI tools can dramatically improve productivity, but attackers and rogue insiders can also weaponize the technology to gather and steal sensitive data quickly. The ability to quickly identify and mitigate prompt hacking is essential for clearing security roadblocks currently holding up many AI projects. Varonis for Microsoft 365 Copilot identifies suspicious prompts, such as employees searching for salary information or trade secrets. In addition to detecting malicious intent, Varonis uses machine learning to build behavioral profiles for each user and will detect when their actions -- with Copilot or otherwise -- become abnormal. In addition to prompt monitoring and analysis, Varonis accelerates investigations with Athena AI -- an embedded AI assistant that helps security analysts resolve incidents faster. Customers can also subscribe to Varonis'Managed Data Detection and Response service to get 24x7x365 threat detection and response coverage with an industry-best service level agreement. Varonis is a Top-Tier Microsoft Partner, providing security solutions that complement Microsoft's rich ecosystem. Together, Varonis and Microsoft accelerate the safe adoption and use of Microsoft 365 Copilot for customers. Organizations can request a free Varonis Data Risk Assessment to evaluate their AI readiness and start their Microsoft 365 Copilot journey directly from the Azure Marketplace. Reported Earnings • May 07
First quarter 2024 earnings released: US$0.37 loss per share (vs US$0.35 loss in 1Q 2023) First quarter 2024 results: US$0.37 loss per share (further deteriorated from US$0.35 loss in 1Q 2023). Revenue: US$114.0m (up 6.2% from 1Q 2023). Net loss: US$40.5m (loss widened 5.7% from 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Announcement • May 07
Varonis Systems, Inc. Provides Earnings Guidance for the Second Quarter of 2024 and Full Year of 2024 Varonis Systems, Inc. provided earnings guidance for the second quarter of 2024 and full year of 2024. For the quarter, the Company expects revenues of $123.0 million to $126.0 million, or year-over-year growth of 7% to 9%.For full year 2024, the Company now expects ARR of $622.0 million to $628.0 million, or year-over-year growth of 15% to 16%. Revenues of $536.0 million to $546.0 million, or year-over-year growth of 7% to 9%. Announcement • Apr 21
Varonis Systems, Inc., Annual General Meeting, Jun 03, 2024 Varonis Systems, Inc., Annual General Meeting, Jun 03, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect three Class I director nominees listed in the Proxy Statement; to consider approve, on a non-binding, advisory basis, the frequency of future votes to approve executive compensation; to Approve, on a non-binding, advisory basis, the compensation of our named executive officers; to ratify the appointment of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global Limited, as the independent registered public accounting firm of the Company for 2024; to Approve the Amended and Restated Varonis Systems, Inc. 2023 Omnibus Equity Incentive Plan; and to Consider such other business as may properly come before the 2024 Annual Meeting of Shareholders and any adjournments or postponements thereof. Announcement • Apr 11
Varonis Systems, Inc. to Report Q1, 2024 Results on May 06, 2024 Varonis Systems, Inc. announced that they will report Q1, 2024 results After-Market on May 06, 2024 Announcement • Apr 02
Varonis Systems, Inc. Debuts Industry's First Cybersecurity Solution for Microsoft 365 Copilot Varonis Systems, Inc. announced Varonis for Microsoft 365 Copilot -- the industry's first purpose-built solution to secure Microsoft's AI-powered productivity tool before and after deployment. Varonis' new offering builds on its existing Microsoft 365 security suite, adding new capabilities to monitor Copilot data access in real time, detect abnormal Copilot interactions, and automatically limit sensitive data accessible by both humans and AI agents. AI tools can unlock incredible efficiency gains, but when not properly controlled, can unintentionally expose sensitive information to employees and allow cybercriminals and insider threats to find, encrypt, or steal data faster than ever. Varonis for Microsoft 365Copilot's rapidly growing feature list includes: Copilot posture dashboards. Get a real-time view of sensitive and regulated data exposed to Copilot users, analyze usage trends, and track sensitive data accessed by AI; Copilot policy automation. Enforce security policies to continuously limit Copilot's access to sensitive information and prevent accidental data leakage. Automatically apply sensitivity labels to data created by Copilot; Varonis collects and enriches Copilot events so can answer questions such as, "which users accessed sensitive financial data via Copilot this week; Copilot threat detection. Varonis' user behavior analysis (UBA) engine factors in Copilot activity and notifies customers of abnormal or suspicious Copilot interactions with sensitive data; Athena AI integration. Varonis for Microsoft365 Copilot works with Athena AI's SOC assistant and natural language search, making it easy to investigate and resolve Copilot-related security incidents. Buy Or Sell Opportunity • Mar 06
Now 22% undervalued Over the last 90 days, the stock has risen 12% to €45.28. The fair value is estimated to be €57.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Recent Insider Transactions • Mar 04
Independent Director recently sold €912k worth of stock On the 29th of February, Gili Iohan sold around 20k shares on-market at roughly €46.75 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €8.7m. Insiders have been net sellers, collectively disposing of €23m more than they bought in the last 12 months. Recent Insider Transactions • Feb 12
CFO & COO recently sold €8.7m worth of stock On the 8th of February, Guy Melamed sold around 189k shares on-market at roughly €46.34 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Guy's only on-market trade for the last 12 months. Announcement • Feb 06
Varonis Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024 Varonis Systems, Inc. provided earnings guidance for the first quarter and full year of 2024. For the first quarter of 2024, the company expects revenues of $111.0 million to $115.0 million, or year-over-year growth of 3% to 7%.For full year 2024, the company expects revenues of $536.0 million to $546.0 million, or year-over-year growth of 7% to 9%. Reported Earnings • Feb 06
Full year 2023 earnings released: US$0.93 loss per share (vs US$1.14 loss in FY 2022) Full year 2023 results: US$0.93 loss per share (improved from US$1.14 loss in FY 2022). Revenue: US$499.2m (up 5.4% from FY 2022). Net loss: US$100.9m (loss narrowed 19% from FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Feb 05
Varonis Systems, Inc. Introduces Managed Data Detection and Response Offering Varonis Systems, Inc. introduced Varonis Managed Data Detection and Response (MDDR), the industry's first managed service dedicated to stopping threats at the data level. Unlike traditional MDR services that are endpoint- and network-centric, MDDR focuses on threats to data. The offering combines Varonis' threat detection technology and automation with a global team of elite threat hunters, forensics analysts, and incident responders who investigate and respond to threats 24x7x365. Varonispioneered real-time data detection and response (DDR) in 2013, added advanced user and entity behavior analysis (UEBA) in 2016, and formed its incident response (IR) organization in 2018. Since its inception, Varonis IR has investigated over 10,000 incidents. MDDR enhances the overall customer value and fills a major void in the managed cybersecurity services market. When threat actors bypass endpoint and perimeter defenses, Varonis is an organization’s last and only line of defense. MDDR gives customers added assurance that their data is monitored around the clock: An industry-best SLA. MDDR offers a 30-minute response for ransomware attacks and a 120-minute response for all other alerts. The service also includes proactive threat hunting and monthly security assessments to ensure your data security posture is always improving. AI-driven investigations. MDDR is powered by Varonis’ proprietary data insights and an AI analysis engine that automates investigations. Critical alerts are sent to Varonis’ expert team for further investigation and mitigation. Immediate time-to-value. Up and running in hours, not days or weeks, MDDR is a turnkey solution that solves the challenge of protecting sensitive data automatically. We’ll seamlessly integrate with your team and escalate incidents only when needed. Announcement • Jan 11
Varonis Systems, Inc. to Report Q4, 2023 Results on Feb 05, 2024 Varonis Systems, Inc. announced that they will report Q4, 2023 results After-Market on Feb 05, 2024 Announcement • Nov 15
Varonis Systems, Inc. Adds Generative AI Capabilities to Leading Data Security Platform with Launch of Athena AI Varonis Systems, Inc. is expanding its AI and machine learning capabilities with the launch of Athena AI, a new generative AI layer that spans across the Varonis Data Security Platform. Varonis Athena AI redefines how security teams protect data — from visibility to action. Using natural language, customers can conduct in-depth investigations and analysis more efficiently, transforming users of all skill levels into formidable defenders. Athena AI initially provides two powerful generative AI capabilities: AI SOC analyst. Athena AI's insights and actions help security team get to the root cause of an alert, resolve incidents, and proactively harden environment in record time. Athena AI combines large language models (LLMs) with Varonis' unique context about organization's data, identities, devices, and previous alerts to instantly generate tailored alert response playbooks. Natural language search. Athena AI enables users of all experience levels to see and reduce their blast radius with Varonis. Teams can use natural language to get fast and accurate answers to questions such as, "Do have any files containing passwords that are open to the internet?" or "Which users have accessed payroll files this week?" Building on a Strong AI Foundation: Varonis has used AI for more than a decade, delivering security outcomes for customers with patented machine learning-powered threat detection and intelligent access control capabilities. This new generative AI layer builds on the success of the platform and its automation to take data security to new heights. Announcement • Nov 08
Varonis Systems, Inc. Expands Microsoft Exchange Online Protection to Prevent Sensitive Email Exposure Varonis Systems, Inc. announced major enhancements to its Microsoft 365 offering, adding more robust capabilities to continuously detect and prevent exposures in the world's top cloud-based email service. With this release, Varonis extends its patented data classification technology to email messages, attachments, and calendar events, adding vital context to the company's best-in-class Exchange Online threat detection and exposure analysis capabilities. An estimated 91% of cyberattacks start with email. Mailboxes are a goldmine of sensitive data that can easily fall into the wrong hands without the right protection. Despite being the source of some of the most significant data breaches of all time, email continues to be a blind spot for many companies. The rise of Microsoft 365 Copilot and other generative AI tools that leverage user permissions to scan emails make it imperative that organizations lock down email access on a need-to-know basis. Varonis helps security teams proactively reduce their email attack surface, stop data exfiltration, and curbative AI risk with accurate and automated email security, enabling customers to: Identify mailboxes exposed to guest and external users, non-mailbox owners, or delegates. Right-size and monitor access to sensitive mailboxes and calendars. Detect and flag data privacy violations or improper data handling. Validate data loss prevention policy effectiveness and swiftly address gaps. Perform security investigations with an enriched audit trail of all email activity (send, delete, etc.). Alert and auto-respond to anomalous email activity that could indicate data exfiltration and other email-based attacks or abuse. Recent Insider Transactions • Nov 06
Executive VP of Engineering & CTO recently sold €4.7m worth of stock On the 2nd of November, David Bass sold around 150k shares on-market at roughly €31.09 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.4m more than they bought in the last 12 months. Reported Earnings • Nov 01
Third quarter 2023 earnings released: US$0.21 loss per share (vs US$0.26 loss in 3Q 2022) Third quarter 2023 results: US$0.21 loss per share (improved from US$0.26 loss in 3Q 2022). Revenue: US$122.3m (flat on 3Q 2022). Net loss: US$23.0m (loss narrowed 20% from 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Announcement • Oct 31
Varonis Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023 Varonis Systems, Inc. provided earnings guidance for the fourth quarter and full year of 2023. For the fourth quarter of 2023, the Company expects: Revenues of $150.0 million to $154.0 million, or year-over-year growth of 5% to 8%.For full year 2023, the Company now expects: ARR of $535.0 million to $539.0 million, or year-over-year growth of 15% to 16%. Revenues of $495.0 million to $499.0 million, or year-over-year growth of 5%. Announcement • Oct 11
Varonis Systems, Inc. to Report Q3, 2023 Results on Oct 30, 2023 Varonis Systems, Inc. announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Recent Insider Transactions • Aug 24
Executive VP of Engineering & CTO recently sold €925k worth of stock On the 22nd of August, David Bass sold around 34k shares on-market at roughly €27.19 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.5m more than they sold in the last 12 months. Reported Earnings • Aug 01
Second quarter 2023 earnings released: US$0.35 loss per share (vs US$0.33 loss in 2Q 2022) Second quarter 2023 results: US$0.35 loss per share (further deteriorated from US$0.33 loss in 2Q 2022). Revenue: US$115.4m (up 3.6% from 2Q 2022). Net loss: US$38.7m (loss widened 6.6% from 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Announcement • Aug 01
Varonis Systems, Inc. Provides Revenue Guidance for the Third Quarter and Full Year 2023 Varonis Systems, Inc. provided revenue guidance for the third quarter and full year 2023. For the third quarter of 2023, the Company expects: Revenues of $123.5 million to $127.0 million, or year-over-year growth of 0% to 3%.For full year 2023, the Company now expects: Revenues of $497.0 million to $503.0 million, or year-over-year growth of 5% to 6%. Announcement • Jul 12
Varonis Systems, Inc. to Report Q2, 2023 Results on Jul 31, 2023 Varonis Systems, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 31, 2023 Recent Insider Transactions • May 09
Co-Founder recently bought €136k worth of stock On the 4th of May, Yakov Faitelson bought around 6k shares on-market at roughly €21.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Yakov has been a buyer over the last 12 months, purchasing a net total of €581k worth in shares. Reported Earnings • May 02
First quarter 2023 earnings released: US$0.35 loss per share (vs US$0.45 loss in 1Q 2022) First quarter 2023 results: US$0.35 loss per share (improved from US$0.45 loss in 1Q 2022). Revenue: US$107.3m (up 12% from 1Q 2022). Net loss: US$38.3m (loss narrowed 21% from 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buying Opportunity • Apr 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be €27.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 10.0% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Buying Opportunity • Mar 14
Now 21% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be €29.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • Feb 07
Full year 2022 earnings released: US$1.14 loss per share (vs US$1.11 loss in FY 2021) Full year 2022 results: US$1.14 loss per share (further deteriorated from US$1.11 loss in FY 2021). Revenue: US$473.6m (up 21% from FY 2021). Net loss: US$124.5m (loss widened 6.6% from FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Feb 07
Varonis Systems, Inc. Provides Financial Guidance for the First Quarter and Full Year of 2023 Varonis Systems, Inc. provided financial guidance for the first quarter and full year of 2023. For the first quarter, the company expects revenues of $106.0 million to $108.0 million, or year-over-year growth of 10% to 12%. For full year 2023, the company now expects revenues of $519.0 million to $529.0 million, or year-over-year growth of 10% to 12%. Announcement • Jan 18
Varonis Systems, Inc. Introduces Least Privilege Automation for Microsoft 365, Google Drive, and Box Varonis Systems, Inc. announced a new milestone in cloud security with the release of least privilege automation for Microsoft 365, Google Drive, and Box — a new capability that continuously removes unnecessary data risk without human intervention. This innovation furthers Varonis' mission to deliver effortless data security outcomes to customers. Unlike other solutions that take an all-or-nothing approach, Varonis' cloud-native platform makes intelligent decisions about who needs access to data and who doesn't based on usage, data sensitivity, and exposure. Organizations can customize remediation policies to fit their security and compliance requirements, and least privilege automation continually enforces them without impacting collaboration. The average company's cloud environment has more than 40 million unique permissions and 157,000 sensitive records exposed to the internet. Least privilege automation ends collaboration risk by removing public and organization-wide exposure created via sharing links and unused entitlements. Announcement • Jan 11
Varonis Systems, Inc. to Report Q4, 2022 Results on Feb 06, 2023 Varonis Systems, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2023 Buying Opportunity • Jan 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €27.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 23% in the next 2 years. Recent Insider Transactions • Dec 13
CFO & COO recently bought €474k worth of stock On the 8th of December, Guy Melamed bought around 24k shares on-market at roughly €19.44 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €1.0m. Guy has been a buyer over the last 12 months, purchasing a net total of €730k worth in shares. Recent Insider Transactions • Nov 16
Insider recently bought €1.0m worth of stock On the 7th of November, James O'Boyle bought around 60k shares on-market at roughly €16.72 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 09
Insider recently bought €1.0m worth of stock On the 7th of November, James O'Boyle bought around 60k shares on-market at roughly €16.72 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.3m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 02
Third quarter 2022 earnings released: US$0.26 loss per share (vs US$0.22 loss in 3Q 2021) Third quarter 2022 results: US$0.26 loss per share (further deteriorated from US$0.22 loss in 3Q 2021). Revenue: US$123.3m (up 23% from 3Q 2021). Net loss: US$28.7m (loss widened 23% from 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 02
Second quarter 2022 earnings released: US$0.33 loss per share (vs US$0.31 loss in 2Q 2021) Second quarter 2022 results: US$0.33 loss per share (down from US$0.31 loss in 2Q 2021). Revenue: US$111.4m (up 26% from 2Q 2021). Net loss: US$36.3m (loss widened 10% from 2Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 7.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 07
Insider recently sold €275k worth of stock On the 2nd of June, Dov Gottlieb sold around 9k shares on-market at roughly €30.83 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €464k more than they bought in the last 12 months. Recent Insider Transactions • May 13
Independent Director recently bought €68k worth of stock On the 9th of May, Avrohom Kess bought around 2k shares on-market at roughly €28.43 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €415k more in shares than they bought in the last 12 months. Reported Earnings • May 04
First quarter 2022 earnings released: US$0.45 loss per share (vs US$0.36 loss in 1Q 2021) First quarter 2022 results: US$0.45 loss per share (down from US$0.36 loss in 1Q 2021). Revenue: US$96.3m (up 29% from 1Q 2021). Net loss: US$48.8m (loss widened 37% from 1Q 2021). Over the next year, revenue is forecast to grow 25%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Feb 08
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$1.11 loss per share (down from US$1.00 loss in FY 2020). Revenue: US$390.1m (up 33% from FY 2020). Net loss: US$116.9m (loss widened 24% from FY 2020). Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 22%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Jan 26
Varonis Systems, Inc. Announces Version 8.6 of the Varonis Data Security Platform Varonis Systems, Inc. announced Version 8.6 of the Varonis Data Security Platform. The enhancements include expanded data security for Microsoft 365 with at-a-glance tools to uncover exposed files and folders, new threat models to defend against ransomware, and automated labeling for sensitive files. The Varonis Data Security Platform helps organizations secure their critical information using automation to enforce Zero Trust, tackle privacy and compliance tasks, and detect modern attacks by putting data first. New capabilities in Version 8.6 help organizations protect sensitive data within Microsoft 365 by defending against external attacks and making it easy to discover and remediate overexposed information as companies collaborate in the cloud. Version 8.6 of the Varonis Data Security Platform delivers: Dashboards to visualize data exposure from shared links. Varonis reveals how sensitive files, folders, or sites in SharePoint Online and OneDrive are shared—whether with specific people, organization-wide, with external users, or even the entire internet—so customer can promptly remove access and reduce customer organization's blast radius. Threat models that detect and defend against ransomware and modern attacks. Protect customer Microsoft 365 environments with new and updated threat models designed to detect active ransomware attacks and insider threats. Expanded remediation capabilities for SharePoint Online and OneDrive sites. IT admins can easily remove risky collaboration links and crack down on overshared information in SharePoint Online and OneDrive sites—no matter who 'owns' the site—and keep data safe. Automatic labeling and data protection. Enforce data security policies and adhere to relevant regulations with new automatic labeling that can apply Microsoft AIP labels to data in SharePoint and OneDrive based on Varonis' highly accurate classification policies. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Rachel Prishkolnik was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 04
Insider recently sold €88k worth of stock On the 1st of December, Gilad Raz sold around 2k shares on-market at roughly €46.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €17m more than they bought in the last 12 months. Reported Earnings • Nov 02
Third quarter 2021 earnings released: US$0.22 loss per share (vs US$0.20 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: US$100.4m (up 31% from 3Q 2020). Net loss: US$23.3m (loss widened 21% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Announcement • Aug 04
Varonis Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2021 Varonis Systems, Inc. provided earnings guidance for the third quarter and full year 2021. For the quarter, the company expects revenues in the range of $96.0 million to $98.0 million, or year-over-year growth of 25% to 28%.
For full year 2021, the Company now expects, revenues of $375.0 million to $379.0 million, or year-over-year growth of 28% to 29%. Reported Earnings • Aug 03
Second quarter 2021 earnings released: US$0.60 loss per share (vs US$0.26 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$176.8m (up 166% from 2Q 2020). Net loss: US$64.1m (loss widened 163% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 04
Co-Founder recently sold €61k worth of stock On the 1st of June, Yakov Faitelson sold around 2k shares on-market at roughly €39.14 per share. This was the largest sale by an insider in the last 3 months. Yakov has been a seller over the last 12 months, reducing personal holdings by €7.4m. Executive Departure • Jun 04
Independent Director Rona Segev-Gal has left the company On the 25th of May, Rona Segev-Gal's tenure as Independent Director ended after 16.5 years in the role. As of March 2021, Rona still personally held 38.15k shares (€1.6m worth at the time). Rona is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years. Announcement • May 18
Varonis Systems, Inc. Introduces DatAdvantage Cloud to Bring Data-Centric Security to Additional Mission-Critical Cloud Services Varonis Systems, Inc. announced support for additional cloud applications and infrastructure through DatAdvantage Cloud, a solution that visualizes and prioritizes security risk across today's mission-critical SaaS applications and cloud data stores. As companies boost their reliance on cloud services, securing sensitive data against cyberattacks and accidental overexposure becomes exponentially more complex. Each service has its own data types, permissions models, and activity log formats. DatAdvantage Cloud correlates identities with privileges and activities across cloud stores, including AWS, Box, GitHub, Google Drive, Jira, Okta, Salesforce, Slack, and Zoom. Organizations can see and prioritize their biggest cloud risks, proactively reduce their blast radius, and conduct faster cross-cloud investigations. For each covered platform, DatAdvantage Cloud provides these key features and benefits: Remediate SaaS/IaaS data exposure. Get a clear view of permissions across cloud services with recommendations to eliminate excessive, inappropriate, or unused privileges. Alert on suspicious activity and policy violations. Prevent cloud account takeovers, insider threats, and inadvertent policy violations with cross-cloud auditing and alerting. Conduct fast cross-cloud threat investigations. Normalize and enrich cloud events to allow security analysts to investigate incidents cross-cloud without having to craft complex, service-specific queries. Connect cross-cloud identities. Automatically link accounts across disparate cloud services-including personal accounts-to form a single identity. Easily uncover over-privileged shadow identities-human and non-human. Cloud-native deployment. Simply point DatAdvantage Cloud at existing cloud services and identity providers without any complex architecture changes or proxies. Reported Earnings • May 05
First quarter 2021 earnings released The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: US$74.8m (up 38% from 1Q 2020). Net loss: US$35.7m (loss widened 13% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. 
