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Varonis Systems, Inc. - VRNS STOCK NEWS

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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.

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Varonis Systems, Inc. (Nasdaq: VRNS) announces the launch of Connect! 2024, a series of in-person events across North America and EMEA focusing on data security and Managed Data Detection and Response. The events aim to provide educational sessions, insights on Varonis' Data Security Platform, and networking opportunities for security professionals.
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Varonis Systems, Inc. (VRNS) has been recognized by CRN for the sixth consecutive year for its innovative approach to automating security outcomes. The company's DSPM solution has been acknowledged for its commitment to working with channel partners to protect businesses from cyber threats. Varonis' extensive partner network focuses on delivering effortless security outcomes and ensuring data protection.
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Varonis Systems, Inc. (VRNS) to participate in key conferences, including Morgan Stanley Technology, Media & Telecom Conference and JMP Securities Technology Conference. Presentations to be webcast live and archived on the company's website. For more details, visit Varonis' website and social media platforms.
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Varonis Systems, Inc. (Nasdaq: VRNS) announced financial results for Q4 and full year 2023. SaaS ARR represented 23% of total company ARR at year-end. Total revenues for Q4 were $154.1 million, with subscription revenues at $129.2 million. The company's GAAP operating loss was ($5.2) million. For the full year, total revenues were $499.2 million, with subscription revenues at $400.9 million. The company's GAAP operating loss for the year was ($117.2) million. The company expects revenues of $111.0 million to $115.0 million for Q1 2024 and ARR of $617.0 million to $625.0 million for full year 2024.
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Varonis Systems, Inc. introduces Varonis Managed Data Detection and Response (MDDR), the industry's first managed service dedicated to stopping threats at the data level. The service combines Varonis' award-winning threat detection technology and automation with a global team of elite threat hunters, forensics analysts, and incident responders who investigate and respond to threats 24x7x365. MDDR offers a 30-minute response for ransomware attacks and a 120-minute response for all other alerts, along with proactive threat hunting and monthly security assessments. It is powered by Varonis' proprietary data insights and an AI analysis engine that automates investigations. The service is delivered on top of Varonis's cloud-native Data Security Platform and is available today.
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Varonis Systems, Inc. (Nasdaq: VRNS) expands its DSPM coverage for databases in the cloud and on-premises, integrating with connected databases hosted in the cloud or on-premises. The new universal database connector allows Varonis to integrate with virtually any modern DBMS, providing accurate and scalable data classification to thousands of customers. Varonis' platform protects unstructured, semi-structured, and structured data wherever it lives, giving CISOs and security teams a central command center for protecting sensitive data across various applications and cloud and on-premises databases.
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Varonis Systems, Inc. (VRNS) has expanded its cloud-native platform with data security posture management (DSPM) for Snowflake, providing visibility and data security to the leading Data Cloud. This integration broadens Varonis' coverage to discover and classify critical data, remove exposures, and detect threats to customers' Snowflake data warehouses and databases. The offering includes centralized overview of data security posture, automatic discovery and classification of sensitive data, simplification of permissions, and continuous monitoring for abnormal or risky activity. Varonis Executive VP of Engineering and CTO, David Bass, expressed excitement about the expansion, highlighting the company's commitment to securing customer data across cloud environments. The Varonis coverage for Snowflake is available now.
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Varonis Systems, Inc. (Nasdaq: VRNS) collaborates with Microsoft to enhance data security for Microsoft 365 users through the integration of Varonis Data Security Platform, providing continuous assessment and improvement of data security posture. The integration complements Microsoft 365's built-in data protection features, offering options for managing and optimizing data security, preventing data exposure, and enforcing least-privilege access controls. Varonis also offers a free Data Risk Assessment to evaluate AI readiness and kickstart the Microsoft Copilot for Microsoft 365 journey.
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Varonis Systems, Inc. (Nasdaq: VRNS) has been named a 'strong Leader' in the GigaOm Radar Report for Data Security Platforms, finishing first overall in the Platform Play quadrant. The company received 'five-star' ratings in key categories such as data security posture management (DSPM), service integrations, enterprise stack integration, and activity monitoring and behavioral analysis. Varonis' extensive automation, data discovery, classification, and security features were highlighted, positioning the company as a comprehensive data security platform.
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Varonis Systems, a leader in data security, (Nasdaq: VRNS) will report its Q4 2023 financial results on February 5, 2024, following the close of the U.S. financial markets. The company will host a conference call on the same day to discuss the results. A live webcast of the call will be available on the 'Investor Relations' page of the company's website, with a replay available for one year. For more information on Varonis’ solution portfolio, visit www.varonis.com.
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FAQ

What is the current stock price of Varonis Systems (VRNS)?

The current stock price of Varonis Systems (VRNS) is $45.16 as of December 23, 2024.

What is the market cap of Varonis Systems (VRNS)?

The market cap of Varonis Systems (VRNS) is approximately 5.0B.

What does Varonis Systems, Inc. specialize in?

Varonis specializes in data security and access governance solutions, focusing on protecting human-generated data across various environments.

When was Varonis founded and where is it headquartered?

Varonis was founded in 2004 and is headquartered in New York.

What is the Varonis Data Security Platform?

The Varonis Data Security Platform is a cloud-native solution that continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

What are some of Varonis' key solutions?

Varonis offers 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.

How does Varonis help organizations ensure data security?

Varonis provides comprehensive data protection by monitoring and flagging misuse, ensuring only authorized users have access, and automating security outcomes with advanced analytics and AI-powered tools.

What is Varonis' recent innovation in AI security?

Varonis recently introduced Varonis for Microsoft 365 Copilot, enhancing AI security and compliance by providing ongoing visibility, detecting abnormal behavior, and ensuring policy violations are addressed in real-time.

What awards has Varonis received for its security solutions?

Varonis has been honored for six consecutive years on CRN’s Security 100 list and received the Best DSPM award from Cyber Defense Magazine's Global InfoSec Awards.

How does Varonis engage with its clients?

Varonis engages with clients through its channel partner network and in-person events like Varonis Connect!, which offer educational sessions and networking opportunities.

What is the focus of Varonis' cloud transition?

The focus of Varonis' cloud transition is to migrate on-premises customers to its cloud-native solutions, providing scalable and flexible data security options.

Where can I find more information about Varonis?

For more information about Varonis, visit their official website at www.varonis.com.

Varonis Systems, Inc.

Nasdaq:VRNS

VRNS Rankings

VRNS Stock Data

5.02B
110.06M
2.14%
101.7%
9.05%
Software - Infrastructure
Services-prepackaged Software
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United States of America
NEW YORK