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VRNS 
Varonis Systems (VRNS)
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Upturn Advisory Summary
01/09/2026: VRNS (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
21 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $50.15
1 Year Target Price $50.15
| 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  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.16B USD | Price to earnings Ratio - | 1Y Target Price 50.15 |
Price to earnings Ratio - | 1Y Target Price 50.15 | ||
Volume (30-day avg) 21 | Beta 0.56 | 52 Weeks Range 30.02 - 63.90 | Updated Date 01/9/2026 |
52 Weeks Range 30.02 - 63.90 | Updated Date 01/9/2026 | ||
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 125 | Enterprise Value 4018582761 | Price to Sales(TTM) 6.83 |
Enterprise Value 4018582761 | Price to Sales(TTM) 6.83 | ||
Enterprise Value to Revenue 6.6 | Enterprise Value to EBITDA -20.7 | Shares Outstanding 117897308 | Shares Floating 115315357 |
Shares Outstanding 117897308 | Shares Floating 115315357 | ||
Percent Insiders 2.33 | Percent Institutions 102.56 |
Upturn AI SWOT
Varonis Systems
Company Overview
History and Background
Varonis Systems, Inc. was founded in 2001 by Yaki Faitelson and Ohad Koren. The company emerged from the need to address data security and insider threats in enterprise environments. Varonis went public on the NASDAQ stock exchange in 2014 under the ticker symbol VRNS. Over the years, it has evolved to offer a comprehensive platform for data security, focusing on protecting data against both external and internal threats.
Core Business Areas
- Data Security Platform: Varonis offers a unified data security platform that provides visibility, threat detection, and automated protection for data across on-premises and cloud environments. This includes identifying and securing sensitive data, detecting abnormal user behavior, and preventing data breaches.
- Data Governance: Varonis enables organizations to understand who has access to their data, what data they are accessing, and whether that access is appropriate. This is crucial for regulatory compliance and risk management.
- Threat Detection and Response: The platform leverages machine learning and behavioral analytics to identify and alert on suspicious activities that could indicate a data breach or insider threat.
Leadership and Structure
Varonis is led by a management team including its CEO, CISO, and other executive officers responsible for product development, sales, marketing, and finance. The company operates with a matrix organizational structure, combining functional departments with product-focused teams.
Top Products and Market Share
Key Offerings
- Data Security Platform: Varonis's flagship Data Security Platform is a suite of integrated products. While specific revenue breakdowns per product are not publicly disclosed, the platform's success is driven by modules like Data Classification Engine, Data Access Governance, and User Behavior Analytics. Competitors include Microsoft (for some cloud aspects), Forcepoint, Netwrix, and Securonix. The platform is used by thousands of organizations globally.
- Data Risk Score: A key feature within the platform that quantifies an organization's overall data security risk, helping prioritize remediation efforts. This is an integral part of the broader platform offering.
- Insider Threat Protection: Varonis specializes in detecting and preventing threats originating from within an organization, a critical area of concern for many enterprises.
Market Dynamics
Industry Overview
Varonis operates in the rapidly growing cybersecurity market, specifically within the sub-segments of data security, data governance, and threat intelligence. This market is driven by increasing data volumes, evolving threat landscapes, and stringent regulatory compliance requirements (e.g., GDPR, CCPA).
Positioning
Varonis is positioned as a leader in data-centric security, offering a comprehensive approach to understanding and protecting an organization's most critical asset: its data. Its key competitive advantage lies in its ability to provide deep visibility into data access and usage, detect insider threats, and automate risk mitigation.
Total Addressable Market (TAM)
The Total Addressable Market for data security and governance solutions is estimated to be tens of billions of dollars and is projected to grow significantly. Varonis is well-positioned to capture a substantial portion of this market due to its specialized focus and robust platform.
Upturn SWOT Analysis
Strengths
- Specialized focus on data security and insider threat detection.
- Comprehensive and integrated platform offering.
- Strong R&D capabilities and continuous innovation.
- Established customer base with significant enterprise adoption.
- Reputation for advanced analytics and threat intelligence.
Weaknesses
- Can be perceived as complex to implement for smaller organizations.
- Reliance on a subscription-based revenue model can lead to longer sales cycles.
- Brand awareness might be lower than some broader cybersecurity players.
- Competitive pricing pressures in the market.
Opportunities
- Increasing adoption of cloud technologies and hybrid environments creating new data security challenges.
- Growing regulatory compliance mandates driving demand for data governance solutions.
- Expansion into new geographic markets.
- Partnerships with cloud providers and managed security service providers (MSSPs).
- Acquisition of complementary technologies.
Threats
- Intensifying competition from established cybersecurity vendors and new entrants.
- Rapidly evolving threat landscape requiring continuous product adaptation.
- Economic downturns impacting enterprise IT security budgets.
- Data privacy regulations that could impact data analysis methods.
- Talent shortages in cybersecurity expertise.
Competitors and Market Share
Key Competitors
- Microsoft (MSFT)
- Fortra (FRTA)
- Forcepoint (Private)
- Netwrix (Private)
- Securonix (Private)
Competitive Landscape
Varonis holds a strong position due to its specialized focus and comprehensive platform. Its advantages lie in deep data visibility and insider threat detection. However, it faces strong competition from large, diversified cybersecurity players like Microsoft, which can bundle solutions, and other specialized vendors focusing on niche areas.
Major Acquisitions
Vidocq AI
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance Varonis's AI-powered threat detection capabilities and further strengthen its ability to identify and respond to complex cyber threats.
ThreatMetrix (part of LexisNexis Risk Solutions)
- Year: 2018
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired for its advanced digital identity intelligence and fraud prevention capabilities, aimed at enhancing Varonis's insider threat detection and fraud protection.
Growth Trajectory and Initiatives
Historical Growth: Varonis has experienced robust historical growth, with revenues increasing significantly over the past several years. This growth has been fueled by expanding its customer base, increasing average deal sizes, and the broader adoption of cybersecurity solutions.
Future Projections: Analyst projections indicate continued revenue growth for Varonis in the coming years, driven by the increasing need for advanced data security solutions in an evolving threat landscape and the company's expanding platform capabilities.
Recent Initiatives: Recent initiatives include enhancing its cloud security offerings, expanding its partner ecosystem, and investing in AI and machine learning capabilities to further strengthen its threat detection and response features.
Summary
Varonis Systems is a strong player in the specialized data security and governance market, demonstrating consistent revenue growth and improving profitability. Its comprehensive platform and focus on insider threats are key differentiators. The company needs to vigilantly address intensifying competition and evolving threat landscapes, while continuing to innovate and expand its cloud capabilities to maintain its competitive edge and capture further market share.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Varonis Systems Investor Relations (Annual Reports, Quarterly Filings)
- Financial Data Providers (e.g., Refinitiv, Bloomberg)
- Industry Analyst Reports (e.g., Gartner, IDC)
- Press Releases and Company News
Disclaimers:
This JSON output is for informational purposes only and does not constitute investment advice. Financial data and market share information are based on publicly available information and may be subject to change. Past performance is not indicative of future results. Investors should conduct their own due diligence 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.
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