Welcome to our dedicated page for Varonis Sys news (Ticker: VRNS), a resource for investors and traders seeking the latest updates and insights on Varonis Sys 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 been named to CRN's 2025 Security 100 list for the seventh consecutive year, recognized in the Identity, Access and Data Security category. The company earned this recognition for its Data Security Platform and its commitment to working with channel partners to protect organizations from cyber threats.
The selection highlights Varonis' role in helping customers secure data across cloud and SaaS applications through automation. The company's channel partner network focuses on preventing data breaches and securing critical data assets. According to John Siverd, Vice President of Channel at Varonis, this recognition reflects their successful collaboration with global partners in addressing critical data security challenges.
Varonis Systems (Nasdaq: VRNS) has won SiliconANGLE Media's inaugural 2025 Tech Innovation CUBEd Award in the Top Data Protection Innovation category for its Microsoft 365 Copilot integration. The solution combines AI and data security capabilities, offering real-time tracking of user interactions with Copilot, detection of unusual prompts and data access, and removal of improper access to sensitive data by both humans and AI agents.
Varonis Field CTO Brian Vecci highlighted how the company's Data Security Platform enables organizations to safely adopt AI by managing exposure and ensuring secure usage. The award recognition came from SiliconANGLE Media's leadership, including co-founders Dave Vellante and John Furrier, who emphasized the importance of breakthrough innovations and transformative technologies in the industry.
Varonis Systems (VRNS) announced its participation at ViVE 2025, taking place February 16-19 in Nashville. The company will showcase its Data Security Platform at Viosk #2825 in the Cybersecurity Pavilion, demonstrating solutions for healthcare organizations to secure Protected Health Information (PHI) and comply with HIPAA regulations.
The company's Field CTO Brian Vecci will present a session titled 'PHI-ght for Your Right to AI Party!' on February 18 at 2 p.m. CT, focusing on healthcare organizations' visibility into AI use, data access, and PHI exposure. The presentation will address current requirements and future HIPAA compliance adaptations.
Varonis's platform focuses on limiting the 'blast radius' - the potential damage from compromised credentials - across SaaS, IaaS, and hybrid environments by ensuring appropriate data access controls.
Varonis Systems (VRNS) has announced a significant share repurchase program authorized by its board of directors. The program allows for the repurchase of up to $100.0 million of the company's common stock, expected to be completed within the next 12 months.
The data security leader will execute the repurchases through various methods, including open market purchases and privately-negotiated transactions, in compliance with federal securities laws. The specific timing and number of shares to be repurchased will be determined based on Varonis' trading windows, available liquidity, and general business and market conditions.
Varonis Systems (VRNS) reported strong financial results for Q4 and full-year 2024. Annual recurring revenues (ARR) grew 18% year-over-year, with SaaS ARR reaching approximately 53% of total ARR. The company generated significant improvements in cash flow, with year-to-date operating cash flow of $115.2 million and free cash flow of $108.5 million, nearly doubling from the previous year.
Q4 total revenues were $158.5 million, with SaaS revenues tripling to $72.2 million from $23.0 million year-over-year. For full-year 2024, total revenues reached $551.0 million, with SaaS revenues growing to $208.8 million. The company maintained a strong balance sheet with $1.2 billion in cash and equivalents.
Looking ahead to 2025, Varonis expects ARR growth of 15-16% to $737.0-745.0 million, revenues of $610.0-625.0 million, and free cash flow of $120.0-125.0 million.
Varonis Systems (Nasdaq: VRNS) has been named a Leader and the only Outperformer in the GigaOm Radar Report for Data Security Platforms for the second consecutive year. The company received exceptional five-star ratings in key areas including behavior analytics, security stack integrations, and service integrations.
The report highlights Varonis' broad coverage of protected repositories across on-premises and cloud environments, comprehensive platform capabilities, and strong integration with existing technologies including EDR platforms. GigaOm noted that Varonis continues to innovate and expand its platform capabilities, with ongoing investments in AI for threat identification and the development of Athena Copilot to enhance operational efficiency.
Varonis Systems (NASDAQ: VRNS), a data security company, has announced it will release its fourth quarter 2024 financial results after U.S. market close on Tuesday, February 4, 2025. The company will host a conference call the same day at 4:30 p.m. ET to discuss the results.
For those interested in participating, the conference call can be accessed via domestic (877-425-9470) or international (201-389-0878) dial-in numbers using conference ID 13750890. A replay will be available until February 11, 2025, through domestic (844-512-2921) or international (412-317-6671) numbers with the same passcode. Additionally, a live webcast will be available on Varonis' investor relations website, with the replay archived for one year.
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.
FAQ
What is the current stock price of Varonis Sys (VRNS)?
What is the market cap of Varonis Sys (VRNS)?
What does Varonis Systems, Inc. specialize in?
When was Varonis founded and where is it headquartered?
What is the Varonis Data Security Platform?
What are some of Varonis' key solutions?
How does Varonis help organizations ensure data security?
What is Varonis' recent innovation in AI security?
What awards has Varonis received for its security solutions?
How does Varonis engage with its clients?
What is the focus of Varonis' cloud transition?
Where can I find more information about Varonis?
