Stocks · Technology · Software - Infrastructure
Varonis Systems, Inc. VRNS
$47.57 +0.25% Close, Oct 2, 2026 · NASDAQ · Market cap $5.46B
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +100.0%).
- The stock is in an uptrend: above its 200-day average for 72 trading days, with the 50-day average above the 200-day.
- Revenue over the last four quarters was $688.1M, up 15.6% from a year earlier.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 42%
- FCF growth (TTM, YoY)Bottom 29%
- Revenue growth, 3-year CAGRTop 43%
- Revenue growth accelerationBottom 49%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 16%
- Gross marginTop 16%
- Operating marginBottom 19%
- Accruals (lower is better)Top 18%
- Interest coverBottom 5%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 28%
- Free-cash-flow yieldBottom 43%
- EBITDA / enterprise valueBottom 21%
- Sales / enterprise valueBottom 28%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 31%
- 6-month returnTop 10%
- 1-year return vs S&P 500Bottom 35%
- Distance from 52-week highTop 42%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 4%
- Consecutive EPS beatsTop 37%
- Share of analysts rating BuyTop 24%
- Upside to consensus price targetBottom 23%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 36%
- Maximum drawdown, 3 yearsBottom 37%
- Beta vs S&P 500 (lower is better)Top 17%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 15.2% | 15.6% | ↑ |
| Gross margin | 81.5% | 77.1% | ↓ |
| Operating margin | -20.0% | -22.0% | ↓ |
| FCF margin | 21.0% | 17.7% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 15.6% | 15.2% | ↑ | Top 42% |
| Gross margin | 77.1% | 81.5% | ↓ | Top 16% |
| Operating margin | -22.0% | -20.0% | ↓ | Bottom 19% |
| Net margin | -20.5% | -17.3% | ↓ | — |
| Free-cash-flow margin | 17.7% | 21.0% | ↓ | — |
| Return on invested capital | -14.0% | — | Bottom 16% | |
| Revenue growth, 3-year CAGR | 9.6% | — | Top 43% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -16.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 14.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -14.8 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -198.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 2.52%
- Shareholder yield
- 2.52%
- Share count change, 1 year
- +2.9%
- Share count change, 3-year CAGR
- +1.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- -0.8%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $49.75
- Target vs current price
- +4.6%
- Analysts with a rating
- 35
- Share rating Buy or Strong Buy
- 80%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +409.6% | -4.3% | -11.8% | -12.0% | — |
| Apr 28, 2026 | +220.0% | +1.6% | +9.4% | +24.0% | +78.8% |
| Feb 3, 2026 | +166.7% | -9.3% | -12.4% | -19.5% | -6.7% |
| Oct 28, 2025 | +10.7% | +0.5% | -42.5% | -49.8% | -44.2% |
| Jul 29, 2025 | +200.0% | -0.3% | +3.8% | +6.5% | +12.1% |
| May 6, 2025 | -540.0% | +1.0% | +4.5% | +13.5% | +27.3% |
| Feb 4, 2025 | +28.6% | +2.0% | -6.3% | -9.4% | -6.7% |
| Oct 29, 2024 | +42.9% | +2.4% | -11.3% | -12.7% | -22.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $0.04 | $0.01 | +409.6% | $180.0M |
| Apr 28, 2026 | $0.06 | -$0.05 | +220.0% | $173.1M |
| Feb 3, 2026 | $0.08 | $0.03 | +166.7% | $173.4M |
| Oct 28, 2025 | $0.06 | $0.05 | +10.7% | $161.6M |
| Jul 29, 2025 | $0.03 | $0.01 | +200.0% | $152.2M |
| May 6, 2025 | -$0.32 | -$0.05 | -540.0% | $136.4M |
| Feb 4, 2025 | $0.18 | $0.14 | +28.6% | $158.5M |
| Oct 29, 2024 | $0.10 | $0.07 | +42.9% | $148.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 318.5× | — | — | — |
| EV / Sales | 8.35× | — | — | Bottom 28% |
| Free-cash-flow yield | 2.23% | — | — | Bottom 43% |
| Earnings yield | -2.56% | — | — | Bottom 28% |
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 22
- Days above the 200-day average
- 72
- 50-day average slope (20 days)
- +2.3%
- 200-day average slope (20 days)
- +4.6%
- Distance from 50-day average
- +6.5%
- Distance from 200-day average
- +39.9%
- RSI (14)
- 55.5
- Relative volume
- 0.55×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 51.7%
- Volatility vs own 5-year history
- 64th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.92
- Correlation with S&P 500
- 0.24
- Current drawdown from 1-year high
- -24.9%
- Maximum drawdown, 3 years
- -68.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 7, 2021 | Nov 4, 2022 | -78.2% | 294 days | Not yet recovered |
| Feb 16, 2021 | May 13, 2021 | -38.7% | 61 days | 79 days (Sep 3, 2021) |
| Oct 13, 2020 | Oct 30, 2020 | -10.8% | 13 days | 26 days (Dec 8, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $5.46B
- EPS, diluted (TTM)
- -$1.22
- Revenue (TTM)
- $688.1M
- 52-week range
- $19.70 – $63.90
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $390.1M | $473.6M | $499.2M | $551.0M | $623.5M |
| Gross profit | $330.7M | $403.8M | $427.4M | $457.1M | $493.4M |
| Operating income | -$107.6M | -$117.4M | -$131.5M | -$106.8M | -$146.5M |
| Net income | -$116.9M | -$124.5M | -$100.9M | -$95.8M | -$129.3M |
| EPS (diluted) | -$1.11 | -$1.14 | -$0.92 | -$0.86 | -$1.13 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $148.1M | $158.5M | $136.4M | $152.2M | $161.6M | $173.4M | $173.1M | $180.0M |
| Net income | -$18.3M | -$13.0M | -$35.8M | -$35.8M | -$29.9M | -$27.8M | -$36.9M | -$46.8M |
| EPS (diluted) | -$0.16 | -$0.12 | -$0.32 | -$0.32 | -$0.26 | -$0.23 | -$0.32 | -$0.41 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $7.2M | $11.9M | $59.4M | $115.2M | $147.4M |
| Capital expenditure | -$10.5M | -$11.4M | -$5.1M | -$6.7M | -$12.6M |
| Free cash flow | -$3.3M | $475,000 | $54.3M | $108.5M | $134.8M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $500.0M | -$44.5M | -$32.0M | $16.1M | -$100.7M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $660.1M
- Total assets
- $1.65B
- Total liabilities
- $1.21B
- Total debt
- $516.1M
- Net debt
- $282.5M
- Shareholders’ equity
- $444.5M
As of Jun 30, 2026 (filed Jul 29, 2026).
Short interest
- Shares sold short
- 7,633,495
- Days to cover
- 3.13
- Change vs previous report
- -4.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 15, 2021
- 3-for-1