Varonis Sys Inc Stock Price, News & Analysis

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.

Varonis Systems, Inc. (Nasdaq: VRNS) has announced new integrations with SentinelOne and Microsoft Defender for Endpoint. These integrations enhance Varonis' Managed Data Detection and Response (MDDR) service by expanding visibility to customers' endpoints. Key benefits include:

1. Earlier threat detection: MDDR analysts can identify and stop threats earlier in the kill chain using EDR alerts.
2. Swifter investigations: Consolidation of telemetry from multiple detection surfaces for fast and conclusive forensics.
3. Maximized EDR investment: Correlation of EDR alerts with Varonis' data-centric alerts to spot threats that might go unnoticed.

The integrations are immediately available, aiming to address visibility gaps exploited by threat actors and enhance the value of Varonis' MDDR offering.

Varonis Systems, Inc. (Nasdaq: VRNS) has unveiled new AI-powered data discovery and classification capabilities to enhance its data security platform. This advancement offers:

• Minimal training requirements with high accuracy
• Cost-effective local data scanning without data leaving customer environments
• Transparent and flexible AI models for easy validation

The new AI classifiers complement Varonis' existing classification engine, providing a comprehensive toolkit for organizations to accurately identify and categorize their unique data types. This innovation aims to improve risk prioritization, exposure remediation, and security control enforcement.

Varonis Systems, Inc. (VRNS) announced strong Q2 2024 financial results, highlighting 18% year-over-year growth in annual recurring revenues (ARR) to $584.2 million. SaaS ARR reached 36% of total ARR, reflecting growing momentum in their SaaS platform. Total revenues increased to $130.3 million, up from $115.4 million in Q2 2023. The company reported improved cash flow, generating $68.4 million from operations and $67.3 million in free cash flow year-to-date. Varonis raised its full-year ARR and free cash flow guidance, expecting ARR to reach $629.0-$635.0 million and free cash flow of $80.0-$85.0 million for 2024. The company also increased its SaaS ARR expectations to 48% for the full year, demonstrating strong adoption of its SaaS offerings.

Varonis Systems, Inc. (Nasdaq: VRNS) announced its participation as a Platinum Plus Sponsor at Black Hat USA 2024. The company will showcase its cloud-native Data Security Platform at booth #1250, demonstrating how organizations can strengthen their data security posture across multi-cloud storage and SaaS apps.

Key highlights include:

• An expert session on safely deploying AI Copilots, presented by Varonis Field CTO Brian Vecci on August 7 at 10:55 a.m.
• Sponsorship of Optiv's Black Hat After-Party on August 7
• Opportunities for 1:1 meetings and 30-minute product demos

Varonis aims to educate attendees on identifying and mitigating threats, safeguarding sensitive data, and ensuring compliance with privacy regulations through automation.

Varonis Systems, a leader in data security, has announced the release date for its second quarter 2024 financial results. The results will be published on July 29, 2024, following the close of the U.S. financial markets.

Varonis will also host a conference call at 4:30 p.m. ET on the same day to discuss the financial outcomes. Interested parties can join the call by dialing 877-425-9470 (domestic) or 201-389-0878 (international) with the conference ID 13747734. For those unable to attend, a replay will be available until August 5, 2024. The live webcast and replay will be accessible on the company's investor relations webpage.

Visit Varonis' website for more information on their solutions and join their conversations on social media platforms.