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Varonis Systems Inc VRNS

Morningstar Rating
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Stock XNAS Rating as of
$48.03 +0.54 (1.14%)
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As of Delayed Price Post-Trading: $46.71 −1.32
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Company Report

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Competition Remains Tough as Varonis Continues Cloud Transition

Malik Ahmed Khan,

We view Varonis Systems as a strong data security vendor that occupies a tough competitive landscape. The firm’s solutions revolve around data security, privacy, and compliance. While the firm’s history stretches back to its founding in 2004, we are pessimistic on what the future holds for the firm as intense competition and possibly an uptick in churn due to the firm’s ongoing cloud transition stand to exact a cost on the firm’s growth and profitability outlook.

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Price vs Fair Value

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VRNS is trading within a range we consider fairly valued.
Price
$47.49
Fair Value
$67.00
Uncertainty
Very High
1-Star Price
$55.10
5-Star Price
$82.00
Economic Moat
Gqg
Capital Allocation
Fmwrjpzf

Bulls Say, Bears Say

Bulls

Varonis remains a strong competitor in the data security and privacy space.

Bears

Large vendors, including hyperscalers, have competing solutions that could affect Varonis’ retention metrics.

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News

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Trading Information

Previous Close Price
$47.49
Day Range
$47.16–48.13
52-Week Range
$25.55–52.88
Bid/Ask
$46.71 / $49.44
Market Cap
$5.36 Bil
Volume/Avg
967,616 / 1.2 Mil

Key Statistics

Price/Earnings (Normalized)
123.52
Price/Sales
10.28
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
0.77%

Company Profile

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.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Small Growth
Total Number of Employees
2,233
Website
https://www.varonis.com

Competitors

Valuation

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Metric
VRNS
GEN
DBX
Price/Earnings (Normalized)
 123.5212.7011.91
Price/Book Value
 11.727.06—
Price/Sales
 10.284.193.07
Price/Cash Flow
 74.3950.578.18
Price/Earnings
VRNS
GEN
DBX

Financial Strength

Metric
VRNS
GEN
DBX
Quick Ratio
 2.180.451.06
Current Ratio
 2.380.511.15
Interest Coverage
 —1.65—
Quick Ratio
VRNS
GEN
DBX

Profitability

Metric
VRNS
GEN
DBX
Return on Assets (Normalized)
 4.02%7.86%24.98%
Return on Equity (Normalized)
 8.98%54.51%—
Return on Invested Capital (Normalized)
 2.15%15.12%38.60%
Return on Assets
VRNS
GEN
DBX
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