NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) (“Company” or “Varonis”), announced today that it priced a private offering of $400 million aggregate principal amount of 1.00% Convertible Senior Notes due 2029 (the “Notes”). The Notes will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offe ...

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) (“Company” or “Varonis”) announced today its intention to offer $350.0 million aggregate principal amount of Convertible Senior Notes due 2029 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions and other factors.   The Company also expects to grant to the i ...

NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced its participation at the following upcoming conference: Citi's 2024 Global TMT Conference and GEMS Conference, September 4 – 5, in New York. The presentation is scheduled for September 4 at 2:10 p.m. ET. The audio presentation will be webcast live and available by visiting the "Investor Relations" section of Varonis' website at ir.varonis.com. The webcast will be archived on the website for ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ:VRNS), a leader in data security, today announced powerful new AI capabilities that enhance its industry-leading data classification engine. Using novel machine learning techniques, Varonis can automatically discover, understand, and classify customers' unique data better than ever. Without accurate and complete data classification, it's impossible to prioritize risk, remediate exposures, or enforce downstream security controls. With ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced powerful new AI capabilities that enhance its industry-leading data classification engine. Using novel machine learning techniques, Varonis can automatically discover, understand, and classify customers’ unique data better than ever. Without accurate and complete data classification, it’s impossible to prioritize risk, remediate exposures, or enforce downstream security controls. With ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

J Studios Investment overview I wrote about Varonis Systems (NASDAQ:VRNS) previously (late May 2024) with a buy rating as the SaaS transition was progressing much better than expected (pulled forward by 1 year), and I had a positive view of VRNS’s new MDDR product. I stay buy-rated for VRNS as I expected growth to continue accelerating given that the transition to SaaS is progressing nicely, the sales cycle is shorter, and MDDR adoption is strong as expected. 2Q24 earnings (announced two days ago) VRNS ...

公司战略转型和SaaS业务发展 - 公司正在战略性地向SaaS交付模式过渡，预计未来几年内SaaS将成为主要收入来源[146][147][148] - 公司的SaaS收入在2024年上半年同比增长了约10倍[153] - SaaS收入占总ARR的比例已达到36%，预计未来会继续提高[157] - 公司将继续投资于客户支持、成功和MDDR团队,以及支持SaaS交付模式的相关基础设施[166] - 公司正在向SaaS模式转型，预计未来维护及服务收入将持续下降[183] 财务数据和指标 - 公司的年度经常性收入(ARR)在2024年6月30日达到5.842亿美元，同比增长18%[155][156] - 公司的剩余履约义务(RPO)在2024年6月30日达到5.147亿美元，预计会随着向SaaS模式过渡而持续增加[158] - 公司总收入同比增长12.9%，达到1.303亿美元[181] - SaaS收入大幅增长692.2%，达到4,478.5万美元[181] - 总毛利率为82.8%，较上年同期下降2.1个百分点[185] - 研发费用同比下降2.6%，销售及市场费用同比下降0.4%[188,189] - 管理费用同比增长2.3%[189] - 财务收益净额为824.9万美元，同比下降2.6%[194] - 所得税费用为337.1万美元，同比下降54.7%[196] - 公司收入同比增长9.7%，达到2.44亿美元[204] - SaaS收入大幅增长920%，达到7,870万美元[204] - 订阅许可收入占总收入的48.6%，较上年同期下降[205] - 总毛利率为82.1%，较上年同期下降2.2个百分点[208] - 研发、销售及市场营销、一般及行政费用占总收入的比重分别为38.0%、57.8%和17.6%[212] 现金流和资金管理 - 公司现金及现金等价物、短期有价证券和短期存款合计6.27亿美元，预计未来12个月内可满足运营和资本支出需求[222] - 经营活动产生的现金流入为6,840万美元，主要来自于销售回款和递延收入增加[224] - 投资活动产生的现金流出为1.17亿美元，主要用于购买有价证券和资本支出[227] - 筹资活动产生的现金流出为2,680万美元，主要用于支付股票激励相关税费[229] 汇率和利率风险管理 - 公司约三分之一的收入来自非美元计价的货币,主要为欧元和英镑[240] - 公司采取外汇套期保值策略,以减少外汇汇率波动的影响[240,242] - 公司持有6.273亿美元的现金及现金等价物、短期有价证券和短期存款,利率变动对公司影响有限[243] - 公司发行了2.53亿美元的1.25%可转换票据,票面利率固定,不受利率波动影响,但票据价值会受利率变动影响[244,245] - 如果未来公司增加长期债务,将面临利率波动风险[246] 客户和业务情况 - 公司的客户续约率在过去6个月内保持在90%以上[161] - 公司的客户涵盖了多个行业的大中型企业,遍布95个国家[165]

Varonis Systems VRNS reported better-than-expected second-quarter financial results and raised its FY24 guidance on Monday.Varonis Systems reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate for a loss of 2 cents per share. The company reported quarterly sales of $130.346 million which beat the analyst consensus estimate of $124.842 million, according to data from Benzinga Pro.Varonis raised its FY24 revenue guidance from $536 million – $546 million to $544 million – $ ...