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.
SaaS Transformation | Varonis Systems accelerates its transition to a SaaS model, aiming for 80% SaaS ARR by end of 2025, two years ahead of schedule |
Financial Resilience | Despite transition challenges, Varonis maintains robust performance with 13.34% revenue growth and strong free cash flow generation |
AI-Driven Innovation | Explore Varonis' GenAI technology and AI Shield, positioning the company at the forefront of AI-driven cybersecurity solutions |
Market Outlook | Analysts project mid-teens ARR growth for FY25, with potential acceleration to 20%. Price targets range from $50 to $65 per share |
Metrics to compare | VRNS | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipVRNSPeersSector | |
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P/E Ratio | −67.2x | −4.4x | 11.8x | |
PEG Ratio | −4.85 | 0.18 | 0.01 | |
Price/Book | 16.6x | 2.5x | 2.4x | |
Price / LTM Sales | 10.7x | 4.8x | 2.2x | |
Upside (Analyst Target) | 6.1% | 10.4% | 18.8% | |
Fair Value Upside | Unlock | 13.5% | 6.0% | Unlock |