Varonis Announces $150 Million Share Repurchase Authorization
Rhea-AI Summary
Varonis (Nasdaq: VRNS) announced a board authorization to repurchase up to $150.0 million of common stock, with repurchases expected to be completed over the next 12 months. Purchases may occur via open market transactions, privately negotiated transactions, Rule 10b5-1 trading plans, or under Rule 10b-18, and will depend on trading windows, available liquidity, and general business and market conditions.
The release includes forward-looking statements and lists potential risks that could affect results, and notes that all information is as of the announcement date of October 28, 2025.
Positive
- $150.0 million repurchase authorization
- Repurchases expected to complete within 12 months
- Authorized to use open market and 10b5-1 plans for execution
Negative
- Repurchases contingent on available liquidity and market conditions
- Timing and number of shares to purchase are unspecified
News Market Reaction
On the day this news was published, VRNS gained 0.51%, reflecting a mild positive market reaction. Argus tracked a trough of -42.0% from its starting point during tracking. Our momentum scanner triggered 70 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $36M to the company's valuation, bringing the market cap to $7.06B at that time. Trading volume was exceptionally heavy at 20.1x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
MIAMI, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, announced that its board of directors authorized a share repurchase program allowing repurchases of up to
Under the share repurchase program, Varonis is authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act. The number of shares to be purchased and the timing of purchases will be based on Varonis’ trading windows, available liquidity, and general business and market conditions.
Forward-Looking Statements
This press release contains "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: the impact of potential information technology, cybersecurity or data security breaches; risks associated with anticipated growth in Varonis’ addressable market; general economic and industry conditions, such as foreign currency exchange rate fluctuations and expenditure trends for data and cybersecurity solutions; Varonis’ ability to predict the timing and rate of subscription renewals and their impact on the Company’s future revenues and operating results; risks associated with international operations; the impact of global conflicts on the budgets of our clients and on economic conditions generally; competitive factors, including increased sales cycle time, changes in the competitive environment, pricing changes and increased competition; the risk that Varonis may not be able to attract or retain employees, including sales personnel and engineers; Varonis’ ability to build and expand its direct sales efforts and reseller distribution channels; risks associated with the closing of large transactions, including Varonis’ ability to close large transactions consistently on a quarterly basis; new product introductions and Varonis’ ability to develop and deliver innovative products; Varonis’ ability to provide high-quality service and support offerings; the expansion of cloud-delivered services; and risks associated with our convertible notes and capped-call transactions. These and other important risk factors are described more fully in Varonis’ reports and other documents filed with the Securities and Exchange Commission and could cause actual results to vary from expectations. All information provided in this press release is as of the date hereof, and Varonis undertakes no duty to update or revise this information, whether as a result of new information, new developments or otherwise, except as required by law.
About Varonis
Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.
Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), database activity monitoring (DAM), identity protection, email security, and AI security.
Varonis protects data first, not last. Learn more at www.varonis.com.
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
investors@varonis.com
News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
pr@varonis.com
FAQ
What did Varonis (VRNS) announce on October 28, 2025 about share repurchases?
How will Varonis (VRNS) execute the $150 million buyback authorized October 28, 2025?
When does Varonis expect to finish the VRNS repurchase program authorized October 28, 2025?
Does the Varonis (VRNS) buyback guarantee a fixed number of shares will be repurchased?
Will Varonis (VRNS) use Rule 10b5-1 plans for the October 28, 2025 repurchase program?
