Varonis Systems Inc (NASDAQ: VRNS) has reported E.P.S. of $-0.16 for its third fiscal quarter (ending September 30) versus $-0.21 for the same period a year ago — a decline of -24%. E.P.S. were $-0.75 for the latest four quarters through September 30 versus $-1.02 for the same period a year ago — a decline of -26%.
Recent Price Action
Varonis Systems Inc (NASDAQ: VRNS) stock closed at $58.78 on 10/29/24 after a large increase of 2.4%. Moreover, trading volume in this advance was exceptionally high at 202% of normal. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, VRNS is expected to be a modest Value Builder.
Varonis Systems has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Varonis Systems has a very low Appreciation Score of 7 but a good Power Rating of 71, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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