Varonis Announces Fourth Quarter and Full Year 2018 Financial Results
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Needham & Company Reiterates Buy as Varonis Systems (VRNS) Transitions to SaaS Model
February 12, 2019 7:32 AM ESTNeedham & Company analyst, Alex Henderson, reiterated a Buy rating and $90.00 price target on Varonis Systems (NASDAQ: VRNS). Henderson believes that the value of Varonis just increased substantially with the announced transition to an SaaS model. This was totally unexpected.
The CY19 Revenue guide of... More
Varonis Systems (VRNS) PT Lowered to $65 at RBC Capital; Results Overshadowed by Model Change
February 12, 2019 7:19 AM ESTRBC Capital analyst Matthew Hedberg lowered the price target on Varonis Systems (NASDAQ: VRNS) to $65.00 (from $80.00) while maintaining a Outperform rating.
"Results were overshadowed by the announcement of a subscription transition, which along with conservatism, led to a reduced outlook," Hedberg commented.... More
Varonis Systems (VRNS) PT Lowered to $55 at Wedbush
February 12, 2019 7:17 AM ESTWedbush analyst Daniel Ives lowered the price target on Varonis Systems (NASDAQ: VRNS) to $55.00 (from $68.00) while maintaining a Neutral rating.
Ives said the sudden switch to a subscription model will be a shock to the Street.
... MoreUPDATE: Varonis Systems (VRNS) Tops Q4 EPS by 20c, Revenues Beat; Offers Q1 & FY19 Revenue Guidance Below Consensus, FY19 EPS Views Below Consensus
February 11, 2019 4:13 PM EST(Updated - February 11, 2019 4:14 PM EST)
Varonis Systems (NASDAQ: VRNS) reported Q4 EPS of $0.54, $0.20 better than the analyst estimate of $0.34. Revenue for the quarter came in at $87.5 million versus the consensus estimate of $87.34 million.
Revenues:
Total revenues were $87.5 million, up 20% compared with the fourth quarter of 2017.License revenues were $53.3 million, up 16% compared with the fourth quarter of 2017.Subscription revenues as a percentage of license revenues was approximately 6%, compared with less than 2% in the fourth quarter of 2017.Maintenance and services revenues were $34.2 million, up 27% compared with the... More