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, Inc. (VRNS) reported Q3 2022 financial results highlighting a 23% year-over-year revenue increase to $123.3 million. Subscription revenues soared by 37% to $96.1 million. Annual recurring revenues (ARR) rose 26% to $447.8 million. Despite a GAAP operating loss of $25.6 million, non-GAAP operating income improved to $9.8 million. The company announced a $100 million share repurchase authorization and adjusted full-year guidance due to macroeconomic headwinds, projecting 20-21% revenue growth for 2022.
Varonis Systems, Inc. (Nasdaq: VRNS) will disclose its third quarter 2022 financial results on October 31, 2022, after U.S. markets close. A conference call to discuss these results will take place at 4:30 p.m. ET on the same day. Interested parties can participate by calling 877-425-9470 domestically or 201-389-0878 internationally, using conference ID 13733544. A replay will be available until November 7, 2022. For further details, visit Varonis' Investor Relations page.
Varonis' recent report, The Great SaaS Data Exposure, reveals that businesses face an average of $28 million in data-breach risks due to sensitive cloud data exposure. Analyzing nearly 10 billion cloud objects across 700 companies, findings show that 81% have sensitive data exposed. Furthermore, 157,000 sensitive records are publicly accessible on the internet per company. The report highlights critical vulnerabilities, such as 4,468 user accounts without multi-factor authentication and over half of super admin accounts lacking this security measure.
Varonis Systems (Nasdaq: VRNS) has unveiled enhanced data discovery capabilities to combat data breaches caused by exposed secrets, including private keys and authentication tokens. This solution continually scans various platforms such as Windows, AWS, and Salesforce to identify improperly stored secrets. With the rising risks of data exposure in the cloud and app development, Varonis aims to provide accurate remediation and anomaly detection for organizations. The new features are available now, aiding in strengthening data security measures.
Varonis Systems (Nasdaq: VRNS) has introduced a transformative feature for Salesforce admins, enabling one-click permissions comparison and analysis, which saves significant time and enhances data security. This feature assists in identifying risky configurations and detecting threats to sensitive data. By analyzing user permissions through various methods, Varonis enhances Zero Trust data access. The DatAdvantage Cloud solution offers a quick installation process and provides immediate data security insights, streamlining admin tasks and reducing the risk of data exposure.
Varonis Systems, a leader in data security and analytics, will participate in two upcoming conferences. The first is Citi's 2022 Global Technology Conference, occurring in New York City from September 7-9, with a presentation on September 8 at 9:45 a.m. ET. The second is the Piper Sandler Growth Frontiers Conference in Nashville, Tennessee, from September 12-14, featuring a presentation on September 14 at 10 a.m. ET. Live audio of the presentations will be available on Varonis' Investor Relations website, with archives available for a limited time.
Varonis Systems (Nasdaq: VRNS) will participate in the KeyBanc Capital Markets Technology Leadership Forum from August 7-9, 2022, in Vail, Colorado. The company's presentation is scheduled for August 9 at 1:30 p.m. ET. The audio presentation will be webcast live and accessible via the Investor Relations section on Varonis' website. An archive of the webcast will be available post-conference for a limited time.
For further resources on Varonis solutions, visit their official website and social media platforms.
Varonis Systems (Nasdaq: VRNS) will participate as a Gold Sponsor at Black Hat USA on August 10-11, 2022, in Las Vegas. The company will showcase its Data Security Platform at booth #2934, offering in-person meetings and virtual demos. Varonis aims to help organizations minimize security risks related to cloud collaboration. Highlights include 1:1 demos, presentations on new features of DatAdvantage Cloud, and discussions on mitigating data attack surfaces. Varonis emphasizes its focus on protecting enterprise data from cyber threats.
Varonis Systems, Inc. (Nasdaq: VRNS) reported strong Q2 2022 financial results, with annual recurring revenues (ARR) growing 30% year-over-year to $426.3 million and total revenues increasing 26% to $111.4 million. Subscription revenues surged 44% to $84.4 million, reflecting robust demand for its data security solutions. The company reaffirmed its annual financial guidance while raising expectations for operating income. Varonis also highlighted the completion of significant security assessments and recognized its workplace culture.
Varonis Systems (Nasdaq: VRNS) announced it will release its second quarter 2022 financial results on August 1, 2022, after U.S. markets close. A conference call will follow at 4:30 p.m. ET to discuss these results. Investors can access the call by dialing 877-425-9470 (domestic) or 201-389-0878 (international). A replay will be available through August 8, 2022. Varonis specializes in data security and analytics, focusing on protecting sensitive enterprise data and detecting cyber threats from internal and external sources.
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