7 analysts have shared their evaluations of Varonis Systems VRNS during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $45.71, along with a high estimate of $52.00 and a low estimate of $42.00. Surpassing the previous average price target of $36.86, the current average has increased by 24.01%.
Exploring Analyst Ratings: An In-Depth Overview
A clear picture of Varonis Systems's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Nowinski | Wells Fargo | Raises | Equal-Weight | $42.00 | $29.00 |
| Rishi Jaluria | DA Davidson | Raises | Neutral | $45.00 | $37.00 |
| Fatima Boolani | Citigroup | Raises | Neutral | $45.00 | $35.00 |
| Brian Essex | JP Morgan | Raises | Neutral | $49.00 | $36.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $52.00 | $40.00 |
| Hamza Fodderwala | Morgan Stanley | Raises | Overweight | $45.00 | $42.00 |
| Hamza Fodderwala | Morgan Stanley | Raises | Overweight | $42.00 | $39.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Varonis Systems. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Varonis Systems compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Varonis Systems's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Varonis Systems's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Varonis Systems analyst ratings.
About Varonis Systems
Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.
Understanding the Numbers: Varonis Systems's Finances
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Varonis Systems's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -0.81%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -18.82%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Varonis Systems's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -5.03%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Varonis Systems's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.24%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.68, Varonis Systems adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
