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Varonis Systems

VRNS
NASDAQInformation Technology
$26.38
USD
-0.91(-3.33%)
At close: Apr 30, 18:40 UTC
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Open

$26.39

Prev. Close

$26.38

High

$26.39

Low

$26.38

Market Snapshot

Market Cap

$3.22B

P/E Ratio

-24.9

EPS

-0.86

Revenue

$550.95M

Why VRNS moved

Varonis Systems reported $173.1 million in Q1 revenue despite a basic EPS loss of $0.32, prompting analysts to raise price targets amid ongoing fiduciary investigations.

About

Varonis Systems, Inc. engages in the provision of a security software platform. The company is headquartered in Miami, Florida and currently employs 2,658 full-time employees. The company went IPO on 2014-02-28. The Company’s cloud-native data security platform discovers and classifies critical data, removes exposures, and detects advanced threats with artificial intelligence (AI)-powered automation. Varonis software enables enterprises of all sizes and industries to protect data stored in the cloud and on-premises, including sensitive files, emails and databases; confidential personal data belonging to customers, patients and employees; financial records; source code, strategic and product plans; and other intellectual property. Its SaaS product portfolio includes two product lines: its flagship Varonis Data Security Platform, which protects Microsoft 365, Windows file shares, Active Directory, Edge devices (VPN, DNS, proxy), UNIX/Linux and hybrid NAS storage, and DatAdvantage Cloud, which protects IaaS environments and SaaS applications, such as Salesforce, AWS, Azure, Google Cloud, Google Workspace, Databricks, ServiceNow, and others.

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