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 world. Its software protects structured and unstructured data in SaaS, IaaS, and on-premises. In the cloud, the company secures data and resources in AWS, Microsoft Azure, and Google Cloud and in SaaS applications including Salesforce, Snowflake, ServiceNow, Microsoft 365, Google Drive, Box, and others; and On-premises, it supports Windows, NAS, and Linux storage. In addition, it offers Varonis' Managed Data Detection and Response service that identifies threats to data. It uses AI-powered detection technology to investigate and respond to threats. The company works with organizations that include financial services, healthcare, manufacturing, technology, insurance, energy and utilities, consumer and retail, education, construction, and the public sector. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in Miami, Florida.
Analyst Outlook | Analyst price targets range from $50 to $60, reflecting confidence in Varonis' growth strategy. The average target of $55 suggests potential upside for investors. |
Market Positioning | Delve into Varonis' dominance in MDDR and DSPM markets. Recent acquisitions and AI-driven innovations strengthen its competitive edge in cybersecurity. |
Financial Resilience | Explore Varonis' strong Q1 2025 performance, surpassing estimates in revenue and ARR. Analysts project a return to over 20% ARR growth despite near-term margin sacrifices. |
SaaS Transformation | Varonis Systems leads in data security, with 61% of ARR from SaaS customers. The transition aims for 80% SaaS ARR by year-end, enhancing long-term value. |
Metrics to compare | VRNS | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipVRNSPeersSector | |
|---|---|---|---|---|
P/E Ratio | −36.0x | 0.6x | 12.4x | |
PEG Ratio | 1.05 | 5.77 | 0.01 | |
Price / Book | 6.8x | 6.6x | 2.4x | |
Price / LTM Sales | 6.8x | 2.7x | 2.4x | |
Upside (Analyst Target) | 38.8% | 51.1% | 19.4% | |
Fair Value Upside | Unlock | 9.2% | 3.5% | Unlock |