Loading...

Varonis Systems

Nasdaq:VRNS
Snowflake Description

Flawless balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VRNS
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Software
Company description

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.


Add to Portfolio Compare Print
VRNS Share Price and Events
7 Day Returns
1.5%
NasdaqGS:VRNS
0.1%
US Software
0.5%
US Market
1 Year Returns
-22.9%
NasdaqGS:VRNS
21.2%
US Software
0.8%
US Market
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.
Price Volatility
VRNS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Varonis Systems undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Varonis Systems.

NasdaqGS:VRNS Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:VRNS
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.

NasdaqGS:VRNS DCF 1st Stage: Next 10 year cash flow forecast
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
NasdaqGS:VRNS DCF 2nd Stage: Terminal Value
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
NasdaqGS:VRNS Total Equity Value
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
NasdaqGS:VRNS Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NasdaqGS:VRNS PE (Price to Earnings) Ratio Data Sources
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.

NasdaqGS:VRNS PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NasdaqGS:VRNS PEG (Price to Earnings to Growth) Ratio Data Sources
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?
Raw Data
NasdaqGS:VRNS PB (Price to Book) Ratio Data Sources
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
NasdaqGS:VRNS PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Varonis Systems's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. 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

 How is Varonis Systems expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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!
Annual Growth Rate
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Varonis Systems expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqGS:VRNS Future Growth Rates Data Sources
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
Raw Data
NasdaqGS:VRNS Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:VRNS Future Estimates Data
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
NasdaqGS:VRNS Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Varonis Systems is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Varonis Systems's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:VRNS 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.

NasdaqGS:VRNS Future Estimates Data
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
NasdaqGS:VRNS Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Varonis Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Varonis Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Varonis Systems's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Varonis Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Varonis Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:VRNS Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess Varonis Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Varonis Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Varonis Systems Company Filings, last reported 2 months ago.

NasdaqGS:VRNS Past Debt and Equity Data
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.
X
Financial health checks
We assess Varonis Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Varonis Systems has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Varonis Systems dividends.
If you bought $2,000 of Varonis Systems shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NasdaqGS:VRNS Annualized Past and Future Dividends
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.

NasdaqGS:VRNS Future Dividends Estimate Data
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.
Current Payout to shareholders
What portion of Varonis Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Varonis Systems has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Varonis Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Varonis Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yaki Faitelson
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:

7.8
Average Tenure
42
Average Age
  • 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

TITLE
Co-Founder
COMPENSATION
$9M
AGE
43
TENURE
15.4 yrs

Ohad Korkus

TITLE
Co-Founder & Director
COMPENSATION
$275K
AGE
39
TENURE
15.4 yrs

Guy Melamed

TITLE
CFO & COO
COMPENSATION
$4M
AGE
38
TENURE
2.2 yrs

David Bass

TITLE
Executive VP of Engineering & CTO
COMPENSATION
$3M
AGE
40
TENURE
1.3 yrs

Gilad Raz

TITLE
Chief Information Officer & VP of Technical Services
COMPENSATION
$1M
AGE
42

Jim O'Boyle

TITLE
Senior Vice President of Worldwide Sales
COMPENSATION
$3M
AGE
54
TENURE
13.4 yrs

James Arestia

TITLE
Director of Investor Relations

Seth Gerson

TITLE
VP & General Counsel

David Gibson

TITLE
Chief Marketing Officer

Dana Shahar-Gara

TITLE
Chief Human Resources Officer
AGE
44
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Varonis Systems board of directors in years:

6.4
Average Tenure
58
Average Age
  • The tenure for the Varonis Systems board of directors is about average.
Board of Directors

Yaki Faitelson

TITLE
Co-Founder
COMPENSATION
$9M
AGE
43
TENURE
15.4 yrs

Ohad Korkus

TITLE
Co-Founder & Director
COMPENSATION
$275K
AGE
39
TENURE
12.4 yrs

Kevin Comolli

TITLE
Independent Director
COMPENSATION
$238K
AGE
58
TENURE
14.5 yrs

John Gavin

TITLE
Independent Director
COMPENSATION
$244K
AGE
63
TENURE
6.4 yrs

Rona Segev-Gal

TITLE
Independent Director
COMPENSATION
$229K
AGE
48
TENURE
14.5 yrs

Gili Iohan

TITLE
Director
COMPENSATION
$220K
AGE
43
TENURE
2.2 yrs

Fred Van Den Bosch

TITLE
Independent Director
COMPENSATION
$228K
AGE
71
TENURE
6.4 yrs

Ofer Segev

TITLE
Independent Director
COMPENSATION
$228K
AGE
59
TENURE
4.3 yrs

Tom Mendoza

TITLE
Independent Director
COMPENSATION
$220K
AGE
67
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Aug 18 Buy Thomas Mendoza Individual 02. Aug 18 02. Aug 18 1,688 $59.59 $100,572
X
Management checks
We assess Varonis Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Read 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 -

Should 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 -

Does 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 -

Here'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 -

Varonis 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 -

Have 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 -

Varonis 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 -

What 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 -

What 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 -

Company 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
Staff numbers
1,451
Varonis Systems employees.
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.