Varonis Systems (NASDAQ: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.

Earnings

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.

Past Earnings Performance

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:

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).

Guidance

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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