Varonis Sys Inc Stock Price, News & Analysis

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.

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.