Varonis Systems released its fourth-quarter earnings on February 4th, revealing a mixed performance that has left investors concerned. While the company reported an earnings per share (EPS) of $0.18, surpassing the estimated $0.14, the focus quickly shifted to its guidance for the fiscal year 2025. Varonis projected adjusted EPS between $0.13 and $0.17, which fell short of analysts' expectations. This cauti
Varonis Systems shares are experiencing a decline after Citi placed the company on a negative catalyst watch ahead of its upcoming earnings report. This move by Citi suggests potential concerns about Varonis's financial performance or market conditions that could negatively impact the company's stock. The anticipation of the earnings report, combined with Citi's cautionary stance, has likely contributed to
Varonis Systems, Inc. (VRNS) is experiencing a rise in its stock price today, likely influenced by recent news of Soros Fund Management LLC acquiring a new position in the company. According to a disclosure with the Securities and Exchange Commission, Soros Fund Management purchased 50,700 shares of Varonis, valued at approximately $2.87 million. This move by a prominent institutional investor may have bols
Varonis Systems, Inc. (VRNS) is experiencing a decline in its stock price today, which may be attributed to recent changes in institutional ownership. UBS Asset Management Americas LLC significantly reduced its holdings in Varonis by 55.4% during the third quarter, selling 696,291 shares. This reduction in holdings by a major institutional investor could be influencing market sentiment and contributing to t
Varonis Systems, Inc. has seen a positive movement in its stock price following the announcement of its expanded data security coverage to Databricks. On December 3, 2024, Varonis revealed that it has broadened its capabilities to include the Databricks Data Intelligence Platform, which is widely used by global enterprises, including 60% of the Fortune 500. This integration allows Varonis to continuously di
Varonis Systems, Inc. (VRNS) shares are experiencing an uptick following the company's announcement of an expanded data security coverage to Databricks. This strategic move, unveiled on December 3, 2024, enhances Varonis' capabilities in discovering and classifying critical data, removing exposures, and detecting threats within the Databricks Data Intelligence Platform. The integration is significant as it