Revenue Update on Varonis Systems Inc(NASDAQ:VRNS)

Varonis Systems Inc(NASDAQ:VRNS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $38.64M. Analysts estimated a revenue of $36.60M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.17.

In a different note, On Jul 15, 2016, Barclays said it Maintains its rating on Varonis Systems Inc. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Varonis Systems Inc (VRNS) shares turned negative on Wednesdays trading session with the shares closing down -0.14 points or -0.51% at a volume of 88,869. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.6. The peak price level was also seen at $27.6 while the days lowest was $27.08. Finally the shares closed at $27.35. The 52-week high of the shares is $28.43 while the 52-week low is $13.25. According to the latest information available, the market cap of the company is $722 M.

Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Yakov Faitelson (CEO, President, Chairman) sold 10,683 shares at $26.00 per share price.Also, On Aug 1, 2016, Ohad Korkus (Chief Technology Officer) sold 10,292 shares at $26.00 per share price.On Aug 1, 2016, Gili Iohan (Chief Financial Officer) sold 5,000 shares at $26.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Varonis Systems Inc. provides a software platform that allows enterprises to map analyze manage and their unstructured data. The Company specializes in human-generated data a type of unstructured data that includes an enterprise’s spreadsheets word processing documents presentations audio files video files e-mails text messages and any other data created by employees. Its product portfolio includes DatAdvantage DataPrivilege IDU Classification Framework Data Transport Engine DatAnywhere and DatAnswers. Its Metadata Framework is a technology platform that extracts metadata from an enterprise’s information technology (IT) infrastructure and uses this information to map functional relationships among employees data objects content and usage. IT and business personnel deploy its software for a variety of use cases including data governance data security archiving file synchronization mobile data accessibility and information collaboration.

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