Varonis Announces Third Quarter 2024 Financial Results
Varonis Systems, Inc. (VRNS)
Last varonis systems, inc. earnings: 2/10 04:05 pm
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US:NASDAQ Investor Relations:
ir.varonis.com
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Source: GlobeNewswire
Annual recurring revenues grew 18% year-over-yearSaaS ARR as a percentage of total ARR was approximately 43%Year-to-date cash from operations generated $90.9 million vs. $49.0 million last yearYear-to-date free cash flow generated $88.6 million vs. $46.0 million last year NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced financial results for the third quarter ended September 30, 2024. Yaki Faitelson, Varonis CEO, said, "We are encouraged by the many tailwinds that are contributing to the strong growth in our business, and our third quarter results reflect the continued strong adoption of our SaaS platform and positive momentum from our Managed Data Detection and Response offering.” Guy Melamed, Varonis CFO & COO, added, “The robust demand for Varonis SaaS from both new and existing customers is evident with 43% of total company ARR coming from SaaS. This demand is benefiting our ARR growth and cash
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VRNS
News
- Varonis Systems, Inc. (NASDAQ: VRNS) had its price target lowered by analysts at Jefferies Financial Group Inc. from $60.00 to $50.00. They now have a "hold" rating on the stock.MarketBeat
- Varonis Systems, Inc. (NASDAQ: VRNS) had its price target lowered by analysts at DA Davidson from $50.00 to $47.00. They now have a "neutral" rating on the stock.MarketBeat
- Varonis Broadens Data Security Coverage to ServiceNow [Yahoo! Finance]Yahoo! Finance
- Varonis Broadens Data Security Coverage to ServiceNowGlobeNewswire
- Why Is Varonis Systems, Inc. (VRNS) Among the Big Data Stocks to Buy According to Hedge Funds? [Yahoo! Finance]Yahoo! Finance
VRNS
Earnings
- 10/29/24 - Beat
VRNS
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- 11/13/24 - Form 144
- VRNS's page on the SEC website