M&A Potential | The company's specialized data security capabilities and established customer base position it as an attractive acquisition target for larger technology firms |
Churn Headwinds | Elevated attrition rates among on-premises customers raise questions about whether retention challenges represent temporary setbacks or structural concerns |
Analyst Perspectives | Price targets range from $37 to $50, averaging $45.50, reflecting divided views on the company's ability to achieve 20% SaaS ARR growth targets |
SaaS Transition Test | Varonis navigates critical business model shift to subscription-based revenue while confronting elevated customer churn and federal market weakness |

Metrics to compare | VRNS | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipVRNSPeersSector | |
|---|---|---|---|---|
P/E Ratio | −27.3x | −17.9x | 12.7x | |
PEG Ratio | 0.69 | −0.05 | 0.01 | |
Price / Book | 7.8x | 3.6x | 2.4x | |
Price / LTM Sales | 5.4x | 2.9x | 2.4x | |
Upside (Analyst Target) | 15.8% | 10.5% | 22.5% | |
Fair Value Upside | Unlock | 12.7% | 2.8% | Unlock |
Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of worlds. The company offers Varonis Data Security Platform, a Software-as-a-Service solution which includes Data security posture management, Data access intelligence, Data discovery & classification, Discovery policy library, least privilege automation, Data activity monitoring, Data detection and response, and User & entity behavior analytics. It also provides Protection Packages, such as Microsoft 365, Windows & NAS, Hybrid, and Cloud Environments, as well as Database and Email Security Capabilities and On-Premises Subscription Products. It serves the financial services, public, healthcare, industrial, insurance, energy and utilities, technology, construction and engineering, education, and consumer and retail industries. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in Miami, Florida.