Varonis Sys Inc Stock Price, News & Analysis

Varonis Systems (NASDAQ: VRNS), a data security company, has announced it will release its fourth quarter 2024 financial results after U.S. market close on Tuesday, February 4, 2025. The company will host a conference call the same day at 4:30 p.m. ET to discuss the results.

For those interested in participating, the conference call can be accessed via domestic (877-425-9470) or international (201-389-0878) dial-in numbers using conference ID 13750890. A replay will be available until February 11, 2025, through domestic (844-512-2921) or international (412-317-6671) numbers with the same passcode. Additionally, a live webcast will be available on Varonis' investor relations website, with the replay archived for one year.

Varonis Systems (VRNS) has expanded its data security coverage to include ServiceNow, enhancing its ability to discover and classify critical data while resolving security risks. The integration provides continuous monitoring of sensitive information within ServiceNow's cloud IT Service Management platform, which handles important business data across IT operations and HR functions.

The solution offers protection for both structured data (fields and tables) and unstructured data (logs, emails, service tickets, and attachments). This expansion follows Varonis' recent additions of Google Cloud and Databricks coverage, along with automated remediation capabilities for Salesforce, demonstrating the company's commitment to providing a unified platform for cloud data security risk reduction.

Varonis Systems (Nasdaq: VRNS) has announced its expansion of data security coverage to Databricks, a platform used by 60% of Fortune 500 companies. The integration aims to enhance data security through continuous discovery, classification, and threat detection in the Databricks Data Intelligence Platform.

The new features include automatic identification of at-risk data across data lakehouses, clear visibility of user permissions, proactive issue remediation, and comprehensive threat detection. The service supports Databricks on AWS, Azure, and Google Cloud, addressing the shared responsibility model for enterprise data protection.

Varonis Systems (VRNS) has expanded its IaaS security coverage to Google Cloud, enhancing its data security portfolio. The integration brings automated data discovery, threat detection, and remediation capabilities to Google Cloud storage and data warehouses. The solution automatically identifies and classifies sensitive data in Google Cloud Storage, BigQuery, CloudSQL, and unmanaged databases, while flagging overexposed files and implementing dynamic data masking for sensitive information like PII, PCI, and PHI. The platform connects identity, permissions, and data exposure risk to facilitate faster issue investigation and resolution.

Varonis Systems (Nasdaq: VRNS), a data security leader, has announced its participation in four major technology conferences in late 2024. The company will present at the RBC Capital Markets Global Technology Conference (Nov 19, New York), the Wells Fargo TMT Summit (Dec 3, Rancho Palos Verdes), the UBS Global Technology and AI Conference (Dec 4, Scottsdale), and the Barclays Global Technology Conference (Dec 12, San Francisco).

All presentations will be accessible via live webcast through Varonis' Investor Relations website and will be archived for a time.

Varonis Systems (VRNS) reported strong Q3 2024 results with total revenues of $148.1 million, up from $122.3 million in Q3 2023. SaaS revenues significantly increased to $57.8 million from $13.7 million year-over-year. The company's Annual Recurring Revenue (ARR) grew 18% to $610.0 million, with SaaS ARR representing 43% of total ARR. Despite a GAAP operating loss of ($23.6) million, non-GAAP operating income improved to $9.1 million. Year-to-date cash from operations reached $90.9 million, with free cash flow of $88.6 million. The company raised its full-year 2024 guidance, expecting revenues between $554.4-$559.4 million.

Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, has announced the date for its third quarter 2024 financial results. The company will report its results after the U.S. financial markets close on Tuesday, October 29, 2024. A conference call will be held on the same day at 4:30 p.m. ET to discuss the financial results.

Interested parties can access the call by dialing 877-425-9470 (domestic) or 201-389-0878 (international), using the conference ID 13749435. A replay will be available until November 5, 2024. A live webcast of the conference call will be accessible on the company's Investor Relations page, with the replay archived for one year.

Varonis Systems, Inc. (Nasdaq: VRNS) has unveiled new automated remediation capabilities for its Salesforce security offering at Dreamforce 2024. The enhanced solution now includes four new features designed to automatically identify and eliminate data security risks in Salesforce environments. These additions expand Varonis' library of automations, ensuring continuous data security across customers' data estates.

Key capabilities of the updated Varonis solution include:

• Preventing sensitive data exfiltration by specific users
• Identifying and addressing non-expiring passwords
• Controlling third-party API connections
• Ensuring proper data access permissions

Varonis is exhibiting as a Navigator Level sponsor at Dreamforce 2024, showcasing its enhanced Salesforce security solutions at booth #1320.

Varonis Systems, Inc. (Nasdaq: VRNS) has announced the pricing of a private offering of $400 million aggregate principal amount of 1.00% Convertible Senior Notes due 2029. The offering size was increased from the previously announced $350 million. The Notes, maturing on September 15, 2029, will be convertible at an initial rate of 14.7419 shares of the Company's common stock per $1,000 principal amount (equivalent to an initial conversion price of approximately $67.83 per share). Varonis estimates net proceeds of about $390.8 million, which will be used for working capital, general corporate purposes, and potentially for acquisitions or investments. The company has also entered into capped call transactions to reduce potential dilution.