Welcome to our dedicated page for Varonis Systems news (Ticker: VRNS), a resource for investors and traders seeking the latest updates and insights on Varonis Systems stock.
Varonis Systems, Inc. (Nasdaq: VRNS) is a leading provider of data security and access governance solutions. Founded in 2004 and headquartered in New York, Varonis specializes in protecting the fastest-growing and most sensitive class of digital information: human-generated data. The company's innovative Data Security Platform combines advanced analytics with automated security measures to offer comprehensive data protection across various environments, including on-premises, SaaS, IaaS, and hybrid clouds.
Varonis empowers organizations to maintain total visibility and control over their data, ensuring that only authorized users can access critical information while monitoring and flagging any misuse. The company's patented technology and highly accurate analytics engine enable seamless digital collaboration, making it effortless and secure for users to create, share, and manage content.
As part of its ongoing cloud transition, Varonis has been focusing on migrating its on-premises customers to its cloud-native solutions delivered as Software-as-a-Service (SaaS). This strategic shift aims to provide more scalable and flexible data security options for organizations worldwide.
Varonis' portfolio includes solutions for data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management. The company's commitment to innovation is evident in its recent advancements in AI-powered automation, particularly with the introduction of Varonis for Microsoft 365 Copilot, which enhances AI security and compliance.
The company has garnered numerous accolades for its continuous innovation and effective security solutions. Notably, Varonis was honored for the sixth consecutive year by CRN’s Security 100 list, which recognizes top-tier companies providing groundbreaking security offerings. Additionally, the Varonis Data Security Platform received the Best DSPM award from Cyber Defense Magazine's Global InfoSec Awards.
Varonis engages with its clients through various channels, including its extensive network of channel partners and in-person events like Varonis Connect! These events provide valuable insights, educational sessions, and networking opportunities for security and risk executives.
Organizations worldwide trust Varonis to safeguard their data, automate security outcomes, and ensure compliance with evolving privacy regulations. By focusing on protecting data first, Varonis helps customers prevent data breaches and secure their most valuable assets. For more information, visit www.varonis.com.
Varonis Systems (VRNS) has expanded its data security coverage to include ServiceNow, enhancing its ability to discover and classify critical data while resolving security risks. The integration provides continuous monitoring of sensitive information within ServiceNow's cloud IT Service Management platform, which handles important business data across IT operations and HR functions.
The solution offers protection for both structured data (fields and tables) and unstructured data (logs, emails, service tickets, and attachments). This expansion follows Varonis' recent additions of Google Cloud and Databricks coverage, along with automated remediation capabilities for Salesforce, demonstrating the company's commitment to providing a unified platform for cloud data security risk reduction.
Varonis Systems (Nasdaq: VRNS) has announced its expansion of data security coverage to Databricks, a platform used by 60% of Fortune 500 companies. The integration aims to enhance data security through continuous discovery, classification, and threat detection in the Databricks Data Intelligence Platform.
The new features include automatic identification of at-risk data across data lakehouses, clear visibility of user permissions, proactive issue remediation, and comprehensive threat detection. The service supports Databricks on AWS, Azure, and Google Cloud, addressing the shared responsibility model for enterprise data protection.
Varonis Systems (VRNS) has expanded its IaaS security coverage to Google Cloud, enhancing its data security portfolio. The integration brings automated data discovery, threat detection, and remediation capabilities to Google Cloud storage and data warehouses. The solution automatically identifies and classifies sensitive data in Google Cloud Storage, BigQuery, CloudSQL, and unmanaged databases, while flagging overexposed files and implementing dynamic data masking for sensitive information like PII, PCI, and PHI. The platform connects identity, permissions, and data exposure risk to facilitate faster issue investigation and resolution.
Varonis Systems (Nasdaq: VRNS), a data security leader, has announced its participation in four major technology conferences in late 2024. The company will present at the RBC Capital Markets Global Technology Conference (Nov 19, New York), the Wells Fargo TMT Summit (Dec 3, Rancho Palos Verdes), the UBS Global Technology and AI Conference (Dec 4, Scottsdale), and the Barclays Global Technology Conference (Dec 12, San Francisco).
All presentations will be accessible via live webcast through Varonis' Investor Relations website and will be archived for a time.
Varonis Systems (VRNS) reported strong Q3 2024 results with total revenues of $148.1 million, up from $122.3 million in Q3 2023. SaaS revenues significantly increased to $57.8 million from $13.7 million year-over-year. The company's Annual Recurring Revenue (ARR) grew 18% to $610.0 million, with SaaS ARR representing 43% of total ARR. Despite a GAAP operating loss of ($23.6) million, non-GAAP operating income improved to $9.1 million. Year-to-date cash from operations reached $90.9 million, with free cash flow of $88.6 million. The company raised its full-year 2024 guidance, expecting revenues between $554.4-$559.4 million.
Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, has announced the date for its third quarter 2024 financial results. The company will report its results after the U.S. financial markets close on Tuesday, October 29, 2024. A conference call will be held on the same day at 4:30 p.m. ET to discuss the financial results.
Interested parties can access the call by dialing 877-425-9470 (domestic) or 201-389-0878 (international), using the conference ID 13749435. A replay will be available until November 5, 2024. A live webcast of the conference call will be accessible on the company's Investor Relations page, with the replay archived for one year.
Varonis Systems, Inc. (Nasdaq: VRNS) has unveiled new automated remediation capabilities for its Salesforce security offering at Dreamforce 2024. The enhanced solution now includes four new features designed to automatically identify and eliminate data security risks in Salesforce environments. These additions expand Varonis' library of automations, ensuring continuous data security across customers' data estates.
Key capabilities of the updated Varonis solution include:
- Preventing sensitive data exfiltration by specific users
- Identifying and addressing non-expiring passwords
- Controlling third-party API connections
- Ensuring proper data access permissions
Varonis is exhibiting as a Navigator Level sponsor at Dreamforce 2024, showcasing its enhanced Salesforce security solutions at booth #1320.
Varonis Systems, Inc. (Nasdaq: VRNS) has announced the pricing of a private offering of $400 million aggregate principal amount of 1.00% Convertible Senior Notes due 2029. The offering size was increased from the previously announced $350 million. The Notes, maturing on September 15, 2029, will be convertible at an initial rate of 14.7419 shares of the Company's common stock per $1,000 principal amount (equivalent to an initial conversion price of approximately $67.83 per share). Varonis estimates net proceeds of about $390.8 million, which will be used for working capital, general corporate purposes, and potentially for acquisitions or investments. The company has also entered into capped call transactions to reduce potential dilution.
Varonis Systems (VRNS) has announced plans to offer $350 million in Convertible Senior Notes due 2029, with an option for initial purchasers to buy an additional $52.5 million. The notes will be unsecured senior obligations, maturing on September 15, 2029, with interest payable semiannually. They will be convertible under certain conditions and can be settled in cash, Varonis common stock, or a combination.
The company intends to use the proceeds for working capital, general corporate purposes, and potential acquisitions. Varonis also plans to enter into capped call transactions to reduce potential dilution from the notes. The offering is to qualified institutional buyers under Rule 144A of the Securities Act.
Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, has announced its participation in the upcoming Citi's 2024 Global TMT Conference and GEMS Conference in New York. The company's presentation is scheduled for September 4 at 2:10 p.m. ET.
Investors and interested parties can access the live audio webcast of the presentation through the 'Investor Relations' section of Varonis' website at ir.varonis.com. The webcast will be archived on the site for a time after the conference.
For those seeking more information about Varonis' solution portfolio, the company's website at www.varonis.com offers comprehensive details. Varonis also encourages engagement through its blog and social media platforms, including X (Twitter), LinkedIn, and YouTube.
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