Varonis Systems (NASDAQ:VRNS – Get Free Report) posted its quarterly earnings results on Monday. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07, Briefing.com reports. Varonis Systems had a negative net margin of 16.97% and a negative return on equity of 18.28%. The firm had revenue of $130.35 million for the quarter, compared to analyst estimates of $124.83 million. During the same period in the previous year, the business posted ($0.35) earnings per share. Varonis Systems’s quarterly revenue was up 12.9% on a year-over-year basis.
Varonis Systems Trading Up 0.8 %
Varonis Systems stock traded up $0.42 during midday trading on Wednesday, reaching $56.01. 861,370 shares of the stock traded hands, compared to its average volume of 1,284,420. The firm has a market cap of $6.25 billion, a PE ratio of -59.14 and a beta of 0.83. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.55. The company has a 50-day simple moving average of $45.71 and a two-hundred day simple moving average of $46.40. Varonis Systems has a 12-month low of $28.15 and a 12-month high of $57.00.
Insiders Place Their Bets
In other news, CEO Yakov Faitelson sold 284,211 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $45.23, for a total value of $12,854,863.53. Following the completion of the transaction, the chief executive officer now owns 1,452,922 shares of the company’s stock, valued at $65,715,662.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.60% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Varonis Systems
Varonis Systems Company Profile
Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.
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