Varonis Sys Inc Stock Price, News & Analysis

Varonis Systems (Nasdaq: VRNS), a leader in data security, announced its participation in major upcoming conferences. These include the 17th Annual Needham Technology & Media Conference on May 16 at 8 a.m. ET, the Cowen 50th Annual Technology, Media & Telecom Conference on June 2 at 3:20 p.m. ET, and the 42nd Annual William Blair Growth Stock Conference on June 6 at 3:40 p.m. ET. Presentations will be available via live webcasts on Varonis' investor relations website, which will also archive the sessions for a limited time.

Varonis Systems (Nasdaq: VRNS) reported a strong Q1 2022, with annual recurring revenues (ARR) rising 32% year-over-year to $404.5 million. Total revenues increased by 29% to $96.3 million. Subscription revenues soared by 53% to $69.0 million. Despite a write-off from its Russia business costing around $3 million in ARR, the company reaffirmed its full-year guidance for both revenue and ARR, anticipating $485 million to $490 million in revenue for the year. Varonis also generated $24.5 million in cash from operations, reflecting a strong demand environment.

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.