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Investing.com - Cantor Fitzgerald raised its price target on Varonis Systems (NASDAQ:VRNS) to $63.00 from $60.00 on Wednesday, while maintaining an Overweight rating following the company’s second-quarter 2025 results. The new target sits near the high end of analyst estimates, which range from $47 to $65, according to InvestingPro data.
The data security firm reported quarterly results that exceeded FactSet consensus estimates across key metrics including revenue, annual recurring revenue (ARR), and free cash flow. The company maintains impressive gross profit margins of 82% and has delivered a solid 20.7% return over the past six months.
Varonis continues to make progress in its transition to a software-as-a-service (SaaS) model, with SaaS now representing 69% of the company’s ARR. The company has raised its year-end SaaS ARR target to 82%.
Based on the strong performance, Varonis increased its fiscal year 2025 guidance for ARR, revenue, and earnings per share.
Cantor Fitzgerald attributed the growing demand for Varonis products to increased data usage, the proliferation of data, and expanding compliance requirements across industries.
In other recent news, Varonis Systems reported its second-quarter 2025 earnings, surpassing market expectations. The company announced an earnings per share (EPS) of $0.03, which was higher than the forecasted $0.01. Additionally, Varonis Systems’ revenue reached $152.2 million, exceeding the anticipated $148 million. These results highlight the company’s strong financial performance during this period. The positive earnings report led to a favorable response from investors. In the realm of analyst activity, there were no specific upgrades or downgrades reported for Varonis Systems. However, the financial results themselves may influence future analyst evaluations. These developments mark significant milestones for Varonis Systems in recent times.
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