* Varonis Systems Inc reported quarterly adjusted earnings of 10 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 5 cents to 8 cents per share.
* Revenue rose 21.1% to $148.07 million from a year ago; analysts expected $141.64 million.
* Varonis Systems Inc's reported EPS for the quarter was a loss of 16 cents.
* The company reported a quarterly loss of $18.33 million.
* Varonis Systems Inc shares had risen by 1.6% this quarter and gained 26.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the software peer group is also "buy"
Wall Street's median 12-month price target for Varonis Systems Inc is 60.86 This summary was machine generated from LSEG data October 30 at 03:02 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.07 0.10 Beat
Jun. 30 2024 -0.02 0.05 Beat
Mar. 31 2024 -0.09 -0.03 Beat
Dec. 31 2023 0.23 0.27 Beat
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