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Susquehanna Maintains Positive on Varonis Systems, Raises Price Target to $55
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Varonis Shares Halted On Circuit Breaker To The Upside; Stock Now Up 7.70%
Why Is Varonis (VRNS) Up 1.9% Since Last Earnings Report?
Varonis Systems (VRNS) reported Q2 2026 earnings of 4 cents per share, beating consensus estimates of 1 cent, with revenues of $180 million exceeding expectations by 1.7%. The company's SaaS transition drove growth with SaaS ARR reaching $726 million (up 52% YoY), and it returned to operating profitability. Management raised full-year 2026 guidance, expecting revenues of $735-$739 million (18-19% YoY growth) and free cash flow of $105-$110 million. Despite strong fundamentals, VRNS received a Zacks Rank #3 (Hold) rating with an F value score.
Shares of software companies are trading higher, possibly amid broader market strength as promising economic data and easing oil prices reduce rate-hike concerns. Reports suggesting Silver Lake is in talks to acquire Workday may be lifting related peers.