Varonis stock falls as forecast cut due to coronavirus pandemic [MarketWatch]
Varonis Systems, Inc. (VRNS)
Last varonis systems, inc. earnings: 2/10 04:05 pm
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Source: MarketWatch
Varonis Systems Inc. shares fell in the extended session Monday after the data security company cut its outlook for the first quarter and pulled its forecast for the year because of the COVID-19 pandemic. Varonis shares fell 5.2%, following a 7.6% rise to close the regular session at $56.90. Varonis said it now expects revenue of $53.9 million to $54.3 million for the first quarter, and withdrew its guidance for the year. Analysts surveyed by FactSet had forecast $58.7 million for the first quarter, based on the company's previous estimate of $59 million to $60 million, and $282.1 million for the year, based on a guidance of $286 million to $292 million. "We had a strong start to 2020, but with the spread of the global COVID-19 pandemic, our customers' immediate focus turned to employee safety, just as ours did, which caused many to defer purchasing decisions at the end of the quarter," said Yaki Faitelson, Varonis chief executive, in a statement.
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VRNS
News
- Varonis to Present at Upcoming Investor ConferencesGlobeNewswire
- Varonis Systems, Inc. (NASDAQ: VRNS) had its price target raised by analysts at Piper Sandler from $48.00 to $55.00. They now have a "neutral" rating on the stock.MarketBeat
- Varonis Systems, Inc. (NASDAQ: VRNS) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $65.00 price target on the stock.MarketBeat
- Varonis Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- Varonis Systems, Inc. (NASDAQ: VRNS) had its price target raised by analysts at JPMorgan Chase & Co. from $59.00 to $65.00. They now have an "overweight" rating on the stock.MarketBeat
VRNS
Earnings
- 10/29/24 - Beat
VRNS
Sec Filings
- 11/13/24 - Form 144
- 10/31/24 - Form 10-Q
- 10/29/24 - Form 8-K
- VRNS's page on the SEC website