Stephens Believes Varonis Systems (NASDAQ: VRNS) Still Has Room to Grow

By Austin Angelo

In a report released today, Jonathan Ruykhaver from Stephens reiterated a Buy rating on Varonis Systems (NASDAQ: VRNS), with a price target of $58. The company’s shares closed yesterday at $52.20, close to its 52-week high of $53.60.

According to, Ruykhaver is a 5-star analyst with an average return of 20.5% and a 78.4% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Riverbed Technology, Barracuda Networks, and Netscout Systems.

Varonis Systems has an analyst consensus of Strong Buy, with a price target consensus of $55.17.

Based on Varonis Systems’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $53.6 million and GAAP net loss of $3.31 million. In comparison, last year the company earned revenue of $54.41 million and had a net profit of $3.52 million.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is neutral on the stock.

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Varonis Systems, Inc. provides innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. It operates through the following segments: United States, EMEA, and Rest of the World.