Varonis Sys Inc Stock Price, News & Analysis

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.

Varonis Systems (Nasdaq: VRNS) will participate in several upcoming conferences, showcasing its focus on data security and analytics. Key events include the Wells Fargo Virtual TMT Summit from Nov 30 to Dec 2, with a presentation on Dec 1 at 8:00 am ET. Additionally, Varonis will present at the Nasdaq 45th Investor Conference on Dec 2 at 8:00 am ET, the UBS Global TMT Virtual Conference on Dec 6 at 2:00 pm ET, and the Barclays Global Technology Conference on Dec 7 at 8:35 am ET. Webcasts of these presentations will be available on Varonis' Investor Relations webpage.

Varonis Systems (Nasdaq: VRNS) has been recognized in Institutional Investor's 2022 All-America Executive Team, achieving top three rankings across eight categories in the midcap software sector. CFO Guy Melamed secured the 1^st place in the 'Best CFO' category, while CEO Yaki Faitelson was ranked 2^nd as 'Best CEO'. The firm also earned several 2^nd and 3^rd place honors, including recognition for its investor relations team and ESG efforts. This acknowledgment highlights Varonis' strong communication and stakeholder engagement, particularly during the pandemic.

Varonis Systems has announced a virtual event titled Top Cloud Security Risks for 2022, scheduled for November 18, 2021, at noon EST. This event targets security and IT professionals, discussing how cloud applications introduce risks and how to mitigate them using a data-first approach. For every attendee, Varonis will donate $5 to Action Against Hunger, up to $5,000. Participants will also have chances to win Amazon gift cards. Varonis is known for its focus on data security and analytics, protecting sensitive enterprise data from various cyber threats.

Varonis Systems (Nasdaq: VRNS) announced its participation in three upcoming conferences in November 2021. The events include the Jefferies Cybersecurity Summit on November 10 at 12:35 pm ET, the Needham Security, Networking & Communications Conference on November 16 at 8:45 am ET, and the RBC Global Technology Conference from November 16-17, with a presentation on November 17 at 10:55 am ET. Varonis will webcast these presentations live, accessible via the 'Investor Relations' section of their website.

Varonis Systems (VRNS) reported a strong third quarter with total revenues reaching $100.4 million, a 31% year-over-year increase. Subscription revenues surged 59% to $70.0 million. Annual recurring revenues (ARR) grew 36% year-over-year to $354.2 million. Despite a GAAP operating loss of $18.6 million, non-GAAP operating income rose to $8.1 million, up from $3.1 million the previous year. For Q4 2021, Varonis anticipates revenues between $120.0 million and $123.0 million, maintaining a positive outlook for growth.