Ratings for Varonis Systems VRNS were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 7 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 5 | 6 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Varonis Systems, revealing an average target of $52.08, a high estimate of $65.00, and a low estimate of $42.00. Observing a 25.8% increase, the current average has risen from the previous average price target of $41.40.
Breaking Down Analyst Ratings: A Detailed Examination
The analysis of recent analyst actions sheds light on the perception of Varonis Systems by financial experts. 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 |
|---|---|---|---|---|---|
| Joel Fishbein | Truist Securities | Raises | Buy | $55.00 | $50.00 |
| Brian Essex | JP Morgan | Raises | Neutral | $50.00 | $49.00 |
| Shrenik Kothari | Baird | Raises | Neutral | $48.00 | $45.00 |
| Erik Suppiger | JMP Securities | Maintains | Market Outperform | $63.00 | - |
| Brian Colley | Stephens & Co. | Maintains | Overweight | $55.00 | - |
| Andrew Nowinski | Wells Fargo | Raises | Equal-Weight | $45.00 | $42.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $56.00 | $52.00 |
| Rob Owens | Piper Sandler | Raises | Neutral | $45.00 | $40.00 |
| Daniel Ives | Wedbush | Raises | Outperform | $65.00 | $35.00 |
| Erik Suppiger | JMP Securities | Maintains | Market Outperform | $63.00 | - |
| Andrew Nowinski | Wells Fargo | Raises | Equal-Weight | $42.00 | $29.00 |
| Rishi Jaluria | DA Davidson | Raises | Neutral | $45.00 | $37.00 |
| Fatima Boolani | Citigroup | Raises | Neutral | $45.00 | $35.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Varonis Systems. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Varonis Systems compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Varonis Systems's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Varonis Systems's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Varonis Systems analyst ratings.
Get to Know Varonis Systems Better
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: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Varonis Systems displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 8.05%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -0.58%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Varonis Systems's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.19%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.08%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Varonis Systems's debt-to-equity ratio is below the industry average. With a ratio of 0.64, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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