Varonis Sys Inc Stock Price, News & Analysis

Varonis Systems (Nasdaq: VRNS) announced new capabilities in data security for Salesforce on April 26, 2022. These updates enhance visibility and compliance by addressing permissions sprawl and misconfigurations that pose risks to sensitive data. Key features include a detailed permissions analysis, automatic classification of sensitive files, and anomaly detection for potential threats. The enhancements are part of DatAdvantage Cloud, offering a comprehensive security solution across various platforms. This release aims to fortify organizations’ security posture and ensure regulatory compliance.

Varonis Systems (Nasdaq: VRNS) announced it will release its first quarter 2022 financial results after U.S. markets close on May 2, 2022. A conference call to discuss the results will also occur on the same day at 4:30 p.m. ET.

The call can be accessed by dialing 877-425-9470 (domestic) or 201-389-0878 (international). A replay will be available until May 9, 2022, and a live webcast will be accessible on the company's Investor Relations page.

Varonis Systems, a leader in data security and analytics, announced its participation in three key conferences in March 2022. The events include the JMP Securities Technology Conference on March 7-8, with a presentation on the 8th at 3:30 pm ET; the Morgan Stanley Technology, Media & Telecom Conference, from March 7-10, with a presentation on the 9th at 11:00 am ET; and the Wolfe Research Virtual "March Madness" Software Conference on March 22-23, featuring a presentation on the 22nd at 10:00 am ET. Live webcasts will be available on Varonis' Investor Relations website.

Varonis Systems, Inc. (NASDAQ: VRNS) announced its annual Partners in Excellence awards, recognizing top channel partners for their contributions in 2021. Total revenues surged by 33%, reaching $390.1 million, compared to $292.7 million in 2020. The awards highlight the partners' crucial role in delivering data protection amid increasing cyber threats, including ransomware and supply-chain attacks. Notable winners include Optiv as Partner of the Year in North America and Metsys in France. This celebration underscores Varonis's commitment to enhancing data security through strong channel partnerships.

Varonis Systems invites cybersecurity professionals to its inaugural Data-First Forum virtual event titled The Hackers & The CISO: Mindset, Methods, & Mayhem on February 24, 2022, at noon ET. The interactive panel will feature experts including Rachel Tobac, Davin Jackson, and Ed Amoroso, discussing critical topics such as social engineering attacks, evolving security programs, and complexities of SaaS applications. This event aims to equip attendees with practical advice to enhance data security and tackle emerging cyber threats.

Varonis Systems (VRNS) reported a strong fourth quarter and full-year financial performance for 2021. Total revenues increased by 33% year-over-year to $126.6 million in Q4, while annual recurring revenues reached $387.1 million, representing a 35% growth. Subscription revenues surged 53% to $96.0 million in Q4. However, the GAAP operating loss widened to ($17.8) million.

For 2022, Varonis projects ARR of $484.0 million to $489.0 million and revenues between $485.0 million and $490.0 million, reflecting continued growth.

Varonis Systems (Nasdaq: VRNS) has released Version 8.6 of its Data Security Platform, enhancing security for Microsoft 365. Key features include dashboards to monitor data exposure, new threat models for ransomware detection, improved remediation for SharePoint and OneDrive, and automatic labeling for sensitive files. These upgrades aim to bolster data protection amidst increasing collaboration demands while adhering to compliance requirements. The platform helps organizations secure their critical data against internal and external threats, supporting a Zero Trust approach.

Varonis Systems, Inc. (Nasdaq: VRNS) has scheduled its fourth quarter and full-year 2021 financial results announcement for February 7, 2022, after U.S. market close. A conference call will follow at 4:30 p.m. ET to discuss the results. Interested parties can access the call via phone or webcast on the Investor Relations page of Varonis' website. The details, including the conference ID and replay options, are provided in the press release. Varonis specializes in data security and analytics, protecting enterprise data from internal and external threats.

Varonis Systems, a leader in data security and analytics, has successfully completed its SOC 2 Type II compliance audit, confirming that its DatAdvantage Cloud solution meets strict data security standards. This achievement reinforces Varonis’ commitment to safeguarding customer data across key SaaS and IaaS platforms. The audit, conducted by KPMG, assessed Varonis’ security controls against AICPA's criteria, adding significant value to its existing compliance certifications, including ISO 27001. Customers can request the SOC 2 Report for detailed insights about Varonis’ data security measures.