Varonis Systems: Q3 Earnings Insights - Varonis Systems (NASDAQ:VRNS)

Varonis Systems VRNS reported its Q3 earnings results on Monday, November 1, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Varonis Systems reported in-line EPS of $0.05 versus an estimate of $0.02, which surprised analysts.

Revenue was up $23,602,000 from the same period last year.

Last quarter the company beat on EPS by $0.02, which was followed by a 3.26% drop in the share price the next day.

Here's a look at Varonis Systems's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	-0.03	-0.13	0.12	-0.13
EPS Actual	-0.01	-0.08	0.34	0.06
Revenue Estimate	83.68M	68.90M	84.36M	70.17M
Revenue Actual	88.42M	74.78M	95.20M	76.75M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Varonis Systems management provided guidance for their next quarter, expecting earnings between $0.01 and $0.02 per share for the nextquarter.

This represents a -70.0% in quarter-over-quarter growth for Varonis Systems, a bearish signal to many investors.

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