Varonis Systems
Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. The last earnings update was 47 days ago. More info.
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VRNS Share Price and Events
7 Day Returns
1 Year Returns
VRNS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Varonis Systems (VRNS) | 1.5% | -12.4% | 2.7% | -22.9% | 147.5% | 138.7% |
| US Software | 0.1% | 0.5% | 6.1% | 21.2% | 122.6% | 150.3% |
| US Market | 0.5% | 0.2% | 1.1% | 0.8% | 37.4% | 37.5% |
1 Year Return vs Industry and Market
- VRNS underperformed the Software industry which returned 21.2% over the past year.
- VRNS underperformed the Market in United States of America which returned 0.8% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Varonis Systems
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Varonis Systems.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 13 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.136 (1 + (1- 21%) (3.02%)) |
1.109 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.11 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.109 * 5.96%) |
9.34% |
Discounted Cash Flow Calculation for NasdaqGS:VRNS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Varonis Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.34%) |
|
|---|---|---|---|
| 2019 | 17.53 | Analyst x3 | 16.04 |
| 2020 | 30.87 | Analyst x3 | 25.82 |
| 2021 | 18.30 | Analyst x1 | 14.00 |
| 2022 | 35.60 | Analyst x1 | 24.91 |
| 2023 | 64.10 | Analyst x1 | 41.01 |
| 2024 | 78.74 | Est @ 22.84% | 46.07 |
| 2025 | 91.97 | Est @ 16.8% | 49.22 |
| 2026 | 103.54 | Est @ 12.58% | 50.68 |
| 2027 | 113.51 | Est @ 9.63% | 50.81 |
| 2028 | 122.08 | Est @ 7.56% | 49.98 |
| Present value of next 10 years cash flows | $368.54 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $122.08 × (1 + 2.73%) ÷ (9.34% – 2.73%) |
$1,896.88 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,896.88 ÷ (1 + 9.34%)10 |
$776.56 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $368.54 + $776.56 |
$1,145.10 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,145.10 / 30.26 |
$37.85 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $37.85 |
| Current discount | Discount to share price of
$61.50
= -1 x ($61.50 - $37.85) / $37.85 |
-62.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Varonis Systems is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Varonis Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Varonis Systems's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $-1.23 |
| NasdaqGS:VRNS Share Price ** | NasdaqGS (2019-06-14) in USD | $61.5 |
| United States of America Software Industry PE Ratio | Median Figure of 81 Publicly-Listed Software Companies | 50.61x |
| United States of America Market PE Ratio | Median Figure of 3,091 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Varonis Systems.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:VRNS Share Price ÷ EPS (both in USD) = 61.5 ÷ -1.23 |
-49.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Varonis Systems is loss making, we can't compare its value to the US Software industry average.
- Varonis Systems is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Varonis Systems's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -49.97x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
14.5%per year |
| United States of America Software Industry PEG Ratio | Median Figure of 67 Publicly-Listed Software Companies | 3.02x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Varonis Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Varonis Systems's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $3.63 |
| NasdaqGS:VRNS Share Price * | NasdaqGS (2019-06-14) in USD | $61.5 |
| United States of America Software Industry PB Ratio | Median Figure of 220 Publicly-Listed Software Companies | 5.75x |
| United States of America Market PB Ratio | Median Figure of 5,244 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:VRNS Share Price ÷ Book Value per Share (both in USD) = 61.5 ÷ 3.63 |
16.92x |
* Primary Listing of Varonis Systems.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Varonis Systems is overvalued based on assets compared to the US Software industry average.
Value checks
We assess Varonis Systems's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) Varonis Systems has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Varonis Systems's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
- Unable to compare Varonis Systems's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
- Varonis Systems's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:VRNS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | 14.5% |
| NasdaqGS:VRNS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | 9.3% |
| United States of America Software Industry Earnings Growth Rate | Market Cap Weighted Average | 17.6% |
| United States of America Software Industry Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 344 | 30 | -29 | 2 |
| 2020-12-31 | 300 | 33 | -46 | 13 |
| 2019-12-31 | 274 | 29 | -55 | 13 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 273 | 20 | -36 |
| 2018-12-31 | 270 | 24 | -29 |
| 2018-09-30 | 258 | 22 | -28 |
| 2018-06-30 | 244 | 29 | -24 |
| 2018-03-31 | 229 | 25 | -17 |
| 2017-12-31 | 215 | 16 | -14 |
| 2017-09-30 | 197 | 14 | -17 |
| 2017-06-30 | 184 | 12 | -18 |
| 2017-03-31 | 174 | 10 | -19 |
| 2016-12-31 | 166 | 7 | -14 |
| 2016-09-30 | 154 | 6 | -19 |
| 2016-06-30 | 144 | 5 | -19 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
All data from Varonis Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | -1.27 | -1.19 | -1.33 | 3.00 |
| 2019-12-31 | -1.77 | -1.53 | -1.97 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | -1.23 |
| 2018-12-31 | -0.98 |
| 2018-09-30 | -0.98 |
| 2018-06-30 | -0.85 |
| 2018-03-31 | -0.62 |
| 2017-12-31 | -0.50 |
| 2017-09-30 | -0.63 |
| 2017-06-30 | -0.68 |
| 2017-03-31 | -0.71 |
| 2016-12-31 | -0.54 |
| 2016-09-30 | -0.71 |
| 2016-06-30 | -0.74 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Varonis Systems's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Varonis Systems has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Varonis Systems performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Varonis Systems does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Varonis Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Varonis Systems's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
All data from Varonis Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 273.12 | -36.17 | 202.56 | 73.02 |
| 2018-12-31 | 270.29 | -28.58 | 198.34 | 69.79 |
| 2018-09-30 | 257.75 | -28.08 | 192.92 | 64.02 |
| 2018-06-30 | 244.06 | -24.02 | 182.52 | 58.65 |
| 2018-03-31 | 229.33 | -17.23 | 170.34 | 52.44 |
| 2017-12-31 | 215.39 | -13.84 | 159.73 | 47.30 |
| 2017-09-30 | 196.80 | -17.14 | 150.20 | 43.41 |
| 2017-06-30 | 184.37 | -18.27 | 142.50 | 40.80 |
| 2017-03-31 | 173.58 | -19.02 | 134.94 | 38.20 |
| 2016-12-31 | 165.86 | -14.19 | 125.46 | 36.66 |
| 2016-09-30 | 153.88 | -18.60 | 120.81 | 34.91 |
| 2016-06-30 | 144.19 | -19.13 | 114.00 | 33.70 |
| 2016-03-31 | 134.69 | -18.96 | 107.43 | 32.60 |
| 2015-12-31 | 127.21 | -21.28 | 102.47 | 31.79 |
| 2015-09-30 | 117.09 | -24.25 | 96.78 | 31.12 |
| 2015-06-30 | 111.41 | -25.68 | 92.90 | 30.35 |
| 2015-03-31 | 106.88 | -23.99 | 87.72 | 29.38 |
| 2014-12-31 | 101.35 | -19.40 | 80.66 | 28.09 |
| 2014-09-30 | 93.32 | -17.55 | 73.80 | 26.45 |
| 2014-06-30 | 86.27 | -13.76 | 66.30 | 24.85 |
| 2014-03-31 | 79.49 | -10.76 | 59.17 | 22.89 |
| 2013-12-31 | 74.62 | -7.48 | 53.01 | 20.97 |
| 2013-09-30 | 67.48 | -6.79 | 47.29 | 19.29 |
| 2013-06-30 | 62.49 | -4.25 | 42.62 | 17.23 |
| 2013-03-31 | 55.32 | -6.13 | 37.83 | 15.95 |
| 2012-12-31 | 53.41 | -4.85 | 35.00 | 15.03 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Varonis Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Varonis Systems has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Varonis Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Varonis Systems's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Varonis Systems has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Varonis Systems's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Varonis Systems's finances.
The net worth of a company is the difference between its assets and liabilities.
- Varonis Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Varonis Systems's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are -3.1008127859376E+16x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Varonis Systems Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 110.00 | 56.17 | 163.63 |
| 2018-12-31 | 125.37 | 0.00 | 159.08 |
| 2018-09-30 | 110.06 | 0.00 | 158.08 |
| 2018-06-30 | 103.81 | 0.00 | 158.68 |
| 2018-03-31 | 105.48 | 0.00 | 153.67 |
| 2017-12-31 | 114.64 | 0.00 | 136.94 |
| 2017-09-30 | 87.04 | 0.00 | 128.44 |
| 2017-06-30 | 82.23 | 0.00 | 121.58 |
| 2017-03-31 | 79.27 | 0.00 | 121.32 |
| 2016-12-31 | 82.74 | 0.00 | 113.93 |
| 2016-09-30 | 76.32 | 0.00 | 112.04 |
| 2016-06-30 | 74.37 | 0.00 | 108.46 |
| 2016-03-31 | 77.85 | 0.00 | 111.81 |
| 2015-12-31 | 83.59 | 0.00 | 106.48 |
| 2015-09-30 | 78.85 | 0.00 | 105.03 |
| 2015-06-30 | 81.24 | 0.00 | 104.88 |
| 2015-03-31 | 84.47 | 0.00 | 113.02 |
| 2014-12-31 | 95.03 | 0.00 | 111.82 |
| 2014-09-30 | 93.15 | 0.00 | 115.34 |
| 2014-06-30 | 98.69 | 0.00 | 120.23 |
| 2014-03-31 | 102.27 | 0.00 | 125.85 |
| 2013-12-31 | 3.63 | 0.00 | 14.08 |
| 2013-09-30 | 1.38 | 0.00 | 15.60 |
| 2013-06-30 | 1.39 | 0.00 | 14.19 |
| 2013-03-31 | 6.29 | 0.00 | 14.90 |
| 2012-12-31 | 6.29 | 0.00 | 14.90 |
- Varonis Systems's level of debt (0%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (0% vs 0% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Whilst loss making Varonis Systems has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
- Whilst loss making Varonis Systems has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -62.9% per year.
Financial health checks
We assess Varonis Systems's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Varonis Systems has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Varonis Systems's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Varonis Systems
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Varonis Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Varonis Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| United States of America Software Industry Average Dividend Yield | Market Cap Weighted Average of 22 Stocks | 1.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Varonis Systems has not reported any payouts.
- Unable to verify if Varonis Systems's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Varonis Systems's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Varonis Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Varonis Systems has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $8,770,972 |
| AGE | 43 |
| TENURE AS CEO | 15.4 years |
CEO Bio
Mr. Yakov Faitelson, also known as Yaki, Co-founded Varonis Systems, Inc. in 2004 and has been its Chairman, Chief Executive Officer and President since 2004. Mr. Faitelson is responsible for leading the management, strategic direction and execution of Varonis Vision. He held key leadership positions in the global professional services, product development and systems integration divisions of NetVision and Network Appliance.
CEO Compensation
- Yaki 's compensation has increased whilst company is loss making.
- Yaki 's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Varonis Systems management team in years:
- The average tenure for the Varonis Systems management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Yaki Faitelson
Co-Founder
$9M
43
15.4 yrs
Ohad Korkus
Co-Founder & Director
$275K
39
15.4 yrs
Guy Melamed
CFO & COO
$4M
38
2.2 yrs
David Bass
Executive VP of Engineering & CTO
$3M
40
1.3 yrs
Gilad Raz
Chief Information Officer & VP of Technical Services
$1M
42
Jim O'Boyle
Senior Vice President of Worldwide Sales
$3M
54
13.4 yrs
James Arestia
Director of Investor Relations
Seth Gerson
VP & General Counsel
David Gibson
Chief Marketing Officer
Dana Shahar-Gara
Chief Human Resources Officer
44
1.1 yrs
Board of Directors Tenure
Average tenure and age of the Varonis Systems board of directors in years:
- The tenure for the Varonis Systems board of directors is about average.
Board of Directors
Yaki Faitelson
Co-Founder
$9M
43
15.4 yrs
Ohad Korkus
Co-Founder & Director
$275K
39
12.4 yrs
Kevin Comolli
Independent Director
$238K
58
14.5 yrs
John Gavin
Independent Director
$244K
63
6.4 yrs
Rona Segev-Gal
Independent Director
$229K
48
14.5 yrs
Gili Iohan
Director
$220K
43
2.2 yrs
Fred Van Den Bosch
Independent Director
$228K
71
6.4 yrs
Ofer Segev
Independent Director
$228K
59
4.3 yrs
Tom Mendoza
Independent Director
$220K
67
4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. Aug 18 | Buy | Thomas Mendoza | Individual | 02. Aug 18 | 02. Aug 18 | 1,688 | $59.59 | $100,572 | ||
Management checks
We assess Varonis Systems's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Varonis Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
If You Had Bought Varonis Systems (NASDAQ:VRNS) Shares Three Years Ago You'd Have Made 225%
Because Varonis Systems is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Shareholders of unprofitable companies usually expect strong revenue growth. … Over the last three years Varonis Systems has grown its revenue at 25% annually.
Simply Wall St - – Full articleRead This Before Buying Varonis Systems, Inc. (NASDAQ:VRNS) Shares
So we'll take a look at whether insiders have been buying or selling shares in Varonis Systems, Inc. … Varonis Systems Insider Transactions Over The Last Year. … We generally don't like to see insider selling, but the lower the sale price, the more it concerns us.
Simply Wall St - – Full articleShould You Think About Buying Varonis Systems, Inc. (NASDAQ:VRNS) Now?
(NASDAQ:VRNS), which is in the software business, and is based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Varonis Systems’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleDoes The Varonis Systems, Inc. (NASDAQ:VRNS) Share Price Fall With The Market?
(NASDAQ:VRNS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).
Simply Wall St - – Full articleHere's What We Think About Varonis Systems, Inc.'s (NASDAQ:VRNS) CEO Pay
Yaki Faitelson has been the CEO of Varonis Systems, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Yaki Faitelson's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleVaronis Systems, Inc. (NASDAQ:VRNS) Investors Are Paying Above The Intrinsic Value
(NASDAQ:VRNS) from its intrinsic value? … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleHave Insiders Been Selling Varonis Systems, Inc. (NASDAQ:VRNS) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Varonis Systems, Inc. … Over the last year we saw more insider selling of Varonis Systems shares, than buying … It's not particularly great to see insiders were selling shares around current prices
Simply Wall St - – Full articleVaronis Systems Inc (NASDAQ:VRNS): Time For A Financial Health Check
However, the trade-off is VRNS will have to adhere to stricter debt covenants and have less financial flexibility. … Is financial flexibility worth the lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital
Simply Wall St - – Full articleWhat Kind Of Share Price Volatility Should You Expect For Varonis Systems Inc (NASDAQ:VRNS)?
In finance, Beta is a measure of volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).
Simply Wall St - – Full articleWhat Does Varonis Systems Inc's (NASDAQ:VRNS) Ownership Structure Look Like?
In this article, I will take a quick look at Varonis Systems Inc’s (NASDAQ:VRNS) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.
Simply Wall St - – Full articleCompany Info
Description
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. The company offers DatAdvantage that captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, and Intranet servers; and DatAlert that profiles users and their behaviors related to systems and data, detects and alerts on deviations to established baselines, and provides a Web-based dashboard and investigative interface. It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, and provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which provides a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention. In addition, the company offers Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that provides search functionality for enterprise data. It sells its products and services through a network of distributors and value added resellers. The company serves IT and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in New York City, New York.
Details
| Name: | Varonis Systems, Inc. |
| VRNS | |
| Exchange: | NasdaqGS |
| Founded: | 2004 |
| $1,860,799,657 | |
| 30,256,905 | |
| Website: | http://www.varonis.com |
| Address: |
Varonis Systems, Inc. 1250 Broadway, 29th Floor, New York City, New York, 10001, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | VRNS | Common Stock | Nasdaq Global Select | US | USD | 28. Feb 2014 | |
| DB | VS2 | Common Stock | Deutsche Boerse AG | DE | EUR | 28. Feb 2014 | |
| LSE | 0VOU | Common Stock | London Stock Exchange | GB | USD | 28. Feb 2014 |
Number of employees
Current staff
Industry
| Systems Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/16 00:43 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/06/11 |
| Last earnings filing: | 2019/04/30 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
