Varonis Systems Inc. (VRNS) shares are trading at higher $122.50 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $128.56.
To add more color to this target, the company’s high over the last year is $130.91 and the low is $48.95. Over the last 52 weeks, VRNS is up 95.31% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
VRNS booked profit margins of -33.70%, its Return on Equity (ROE) is -99.90%, and its Return on Assets is -24.90%. All told, it is clear that, VRNS needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VRNS has a short ratio of 7.74 and outstanding shares of 31.49M.
VRNS has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -2.83. Investors should also keep an eye on sector updates as VRNS has historically followed its peers on positive news.
All told, Varonis Systems Inc. VRNS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VRNS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Varonis Systems Inc. VRNS is now commanding a market cap of 3.80B and a float of 30.93M. VRNS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VRNS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in VRNS, either long or short, and we have not been compensated for this article.