Alert: Positive Investment/Fundamental Signals (6/28/24)-Varonis Systems Inc (NASDAQ: VRNS)

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Varonis Systems Inc (NASDAQ: VRNS). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Notable positive changes in Varonis Systems Inc (NASDAQ: VRNS) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.

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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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Varonis Systems has a very low Appreciation Score of 5 but a good Power Rating of 80, with the Negative Value Trend Rating the result.

Recent Price Action

Varonis Systems Inc (NASDAQ: VRNS) stock enjoyed a large increase of 4.4% on 6/28/24. The stock closed at $47.97. Moreover, this advance was accompanied by exceptionally high trading volume at 209% of normal. The stock has been strong relative to the market over the last nine months and has risen 10.7% during the last week.

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