Varonis Systems Inc (NASDAQ: VRNS) has reported a loss for its first fiscal quarter (ending March 31) of $-0.37 versus a loss $-0.35 for the same period a year ago. This performance was $-0.29 short of the consensus estimate of $-0.08. For the latest four quarters through March 31, E.P.S. were $-0.94 compared to $-1.04 a year ago.
Recent Price Action
Varonis Systems Inc (NASDAQ: VRNS) stock increased 1.9% on 5/6/24. The shares closed at $44.59. Moreover, this advance was accompanied by exceptionally high trading volume at 217% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.6% 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 C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Varonis Systems has a very low Appreciation Score of 4 but a very high Power Rating of 85, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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