- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
Varonis Systems (VRNS)

- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/05/2025: VRNS (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $52.63
1 Year Target Price $52.63
| 10 | Strong Buy |
| 4 | Buy |
| 6 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 36.59% | Avg. Invested days 80 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.56B USD | Price to earnings Ratio - | 1Y Target Price 52.63 |
Price to earnings Ratio - | 1Y Target Price 52.63 | ||
Volume (30-day avg) 21 | Beta 0.64 | 52 Weeks Range 30.02 - 63.90 | Updated Date 12/7/2025 |
52 Weeks Range 30.02 - 63.90 | Updated Date 12/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.02 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -18.82% | Operating Margin (TTM) -22.24% |
Management Effectiveness
Return on Assets (TTM) -5.01% | Return on Equity (TTM) -22.17% |
Valuation
Trailing PE - | Forward PE 181.82 | Enterprise Value 3364252701 | Price to Sales(TTM) 5.85 |
Enterprise Value 3364252701 | Price to Sales(TTM) 5.85 | ||
Enterprise Value to Revenue 5.53 | Enterprise Value to EBITDA -20.7 | Shares Outstanding 117897308 | Shares Floating 115315357 |
Shares Outstanding 117897308 | Shares Floating 115315357 | ||
Percent Insiders 2.33 | Percent Institutions 101.4 |
Upturn AI SWOT
Varonis Systems

Company Overview
History and Background
Varonis Systems was founded in 2001 by Yaki Faitelson and Ohad Enoch. The company focuses on data security and analytics, helping organizations protect their sensitive data from threats. Over the years, Varonis has evolved its offerings to address the increasing complexity of data environments, including cloud, hybrid, and on-premises data stores.
Core Business Areas
- Data Security Platform: Varonis's core business revolves around its Data Security Platform, which provides comprehensive visibility, threat detection, and data governance across an organization's data assets.
- Data Classification and Protection: The platform identifies, classifies, and protects sensitive data, ensuring it is only accessible to authorized users.
- Threat Detection and Response: Varonis offers advanced threat detection capabilities, including behavioral analytics and anomaly detection, to identify and respond to insider threats and external attacks.
- Data Access Governance: Enables organizations to understand who has access to what data, detect suspicious activity, and enforce least privilege principles.
Leadership and Structure
Varonis Systems is led by a management team with extensive experience in cybersecurity and technology. The company operates on a global scale with sales and support teams in various regions. Specific leadership roles and a detailed organizational chart are typically available in their investor relations materials.
Top Products and Market Share
Key Offerings
- Varonis Data Security Platform: This is Varonis's flagship offering, providing a unified approach to data security. It encompasses capabilities for data discovery, classification, access control, threat detection, and automated remediation. Competitors include Microsoft (with its Purview suite), IBM, Forcepoint, and various specialized data security vendors. Market share data for specific product suites is not publicly disclosed, but Varonis is considered a leader in the data security market.
- Data Classification Engine: A core component of the platform, this product automatically identifies and tags sensitive data (e.g., PII, financial data, intellectual property) across various data repositories. This is crucial for compliance and risk management. Key competitors include specialized data classification tools and broader data governance platforms. Revenue contribution is integrated within the platform's sales.
- User and Entity Behavior Analytics (UEBA): Varonis's UEBA capabilities monitor user activity and detect anomalous behavior that may indicate a threat. This feature is integrated into the Data Security Platform. Competitors in the UEBA space include Splunk, Exabeam, and Securonix.
- Data Access Monitoring: This product provides granular visibility into who is accessing sensitive data, when, and from where, helping to identify unauthorized access or misuse. It is a critical component of their platform. Competitors include SIEM solutions with logging capabilities and specialized data access governance tools.
Market Dynamics
Industry Overview
Varonis operates within the rapidly growing cybersecurity market, specifically in the data security and data governance segments. Key trends include increasing data volumes, the shift to cloud environments, escalating cyber threats (ransomware, insider threats), and stringent regulatory compliance requirements (e.g., GDPR, CCPA).
Positioning
Varonis is positioned as a leader in data security, offering a comprehensive platform that addresses critical data protection needs for enterprises. Its competitive advantages lie in its deep understanding of data, advanced threat detection capabilities, and a unified platform approach. They aim to provide visibility and control over data wherever it resides.
Total Addressable Market (TAM)
The Total Addressable Market (TAM) for data security is substantial and continuously expanding. Analysts estimate the global data security market to be worth hundreds of billions of dollars and projected to grow significantly in the coming years. Varonis is well-positioned to capture a portion of this market due to its specialized focus and comprehensive solution.
Upturn SWOT Analysis
Strengths
- Comprehensive Data Security Platform
- Strong focus on data visibility and threat detection
- Proven track record in detecting insider threats
- Leadership position in data security and governance
- Recurring revenue model from subscription-based software
Weaknesses
- Relatively high cost of solutions can be a barrier for smaller organizations
- Complex implementation and integration in some environments
- Dependence on a strong sales force to drive adoption
- Competition from larger, more diversified cybersecurity vendors
Opportunities
- Growing demand for cloud security solutions
- Increasing regulatory compliance requirements worldwide
- Expansion into new market segments and geographies
- Leveraging AI and machine learning for enhanced threat detection
- Strategic partnerships and alliances
Threats
- Intensifying competition from established players and startups
- Rapid evolution of cyber threats requiring continuous innovation
- Economic downturns impacting IT spending
- Data privacy regulations evolving unpredictably
- Talent acquisition and retention challenges in the cybersecurity industry
Competitors and Market Share
Key Competitors
- Microsoft (MSFT)
- IBM (IBM)
- CrowdStrike (CRWD)
- Palo Alto Networks (PANW)
Competitive Landscape
Varonis's primary advantage lies in its specialized focus on data security, offering deep visibility and threat detection capabilities specifically tailored to data. Competitors like Microsoft and IBM offer broader cybersecurity suites, which can be an advantage for organizations seeking consolidated solutions but may lack the specialized depth of Varonis. CrowdStrike and Palo Alto Networks are strong in endpoint and network security respectively, with some overlap into data security.
Major Acquisitions
Xpandion
- Year: 2016
- Acquisition Price (USD millions): 35
- Strategic Rationale: Acquisition of Xpandion aimed to enhance Varonis's capabilities in user and entity behavior analytics (UEBA) by incorporating Xpandion's threat intelligence and anomaly detection technologies to better identify insider threats.
DataWalk
- Year: 2017
- Acquisition Price (USD millions):
- Strategic Rationale: Varonis acquired DataWalk to bolster its data analytics and visualization capabilities, allowing for more insightful analysis of data access patterns and potential security risks.
Growth Trajectory and Initiatives
Historical Growth: Varonis has demonstrated a consistent track record of revenue growth over the past several years, driven by increasing demand for data security solutions and the expansion of its customer base. The company has been successful in shifting to a subscription-based model, which provides a more predictable revenue stream.
Future Projections: Analyst projections for Varonis typically indicate continued strong revenue growth, driven by market trends such as cloud migration, increasing cybersecurity threats, and regulatory pressures. Expectations often include a path towards profitability as the company scales and optimizes its operations.
Recent Initiatives: Varonis has been actively engaged in initiatives to expand its cloud security offerings, enhance its AI-driven threat detection capabilities, and broaden its go-to-market strategy. This includes strategic partnerships and investments in product development to address evolving customer needs.
Summary
Varonis Systems is a strong player in the specialized data security market, offering a comprehensive platform for visibility, threat detection, and governance. Its strengths lie in its focused approach and advanced analytics. However, it faces intense competition from larger, more diversified cybersecurity vendors and potential price sensitivity among some customers. Continued innovation in cloud security and effective go-to-market strategies are crucial for its sustained growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Varonis Systems Investor Relations
- SEC Filings (10-K, 10-Q)
- Reputable Financial News Outlets (e.g., Wall Street Journal, Bloomberg)
- Cybersecurity Market Research Reports
- Financial Data Providers (e.g., Refinitiv, S&P Capital IQ)
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. The market share data presented is illustrative and based on general industry assessments, as precise, publicly available market share figures for specific product lines are often proprietary or not granularly disclosed. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Varonis Systems
Exchange NASDAQ | Headquaters Miami, FL, United States | ||
IPO Launch date 2014-02-28 | Co-Founder, Chairman, CEO & President Mr. Yakov Faitelson | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 2406 | Website https://www.varonis.com |
Full time employees 2406 | Website https://www.varonis.com | ||
Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of world. Its software protects structured and unstructured data in SaaS, IaaS, and on-premises. In the cloud, the company secures data and resources in AWS, Microsoft Azure, and Google Cloud and in SaaS applications including Salesforce, Snowflake, ServiceNow, Microsoft 365, Google Drive, Box, and others; and On-premises, it supports Windows, NAS, and Linux storage. In addition, it offers Varonis' Managed Data Detection and Response service that identifies threats to data. It uses AI-powered detection technology to investigate and respond to threats. The company works with organizations that include financial services, healthcare, manufacturing, technology, insurance, energy and utilities, consumer and retail, education, construction, and the public sector. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in Miami, Florida.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
Home 

