Analysts' ratings for Varonis Systems VRNS over the last quarter vary from bullish to bearish, as provided by 11 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 6 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 4 | 3 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $41.36, along with a high estimate of $52.00 and a low estimate of $35.00. Surpassing the previous average price target of $35.64, the current average has increased by 16.05%.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Varonis Systems by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Fatima Boolani | Citigroup | Raises | Neutral | $45.00 | $35.00 |
| Brian Essex | JP Morgan | Raises | Neutral | $49.00 | $36.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $52.00 | $40.00 |
| Hamza Fodderwala | Morgan Stanley | Raises | Overweight | $45.00 | $42.00 |
| Hamza Fodderwala | Morgan Stanley | Raises | Overweight | $42.00 | $39.00 |
| Brian Essex | JP Morgan | Raises | Neutral | $36.00 | $35.00 |
| Brian Colley | Stephens & Co. | Raises | Overweight | $40.00 | $37.00 |
| Daniel Ives | Wedbush | Raises | Neutral | $35.00 | $32.00 |
| Brian Essex | JP Morgan | Raises | Neutral | $35.00 | $27.00 |
| Hamza Fodderwala | Morgan Stanley | Raises | Overweight | $39.00 | $34.00 |
| Saket Kalia | Barclays | Raises | Overweight | $37.00 | $35.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Varonis Systems. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Varonis Systems compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Varonis Systems's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Varonis Systems's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Varonis Systems analyst ratings.
All You Need to Know About Varonis Systems
Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.
Varonis Systems: Delving into Financials
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Varonis Systems's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -0.81%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Varonis Systems's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -18.82%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Varonis Systems's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -5.03%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Varonis Systems's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.24%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Varonis Systems's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.68.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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