VRNS Stock Summary and Trading Ideas (Varonis Systems | NASDAQ:VRNS)

Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.

Varonis Systems trades on the NASDAQ stock market under the symbol VRNS.

As of April 24, 2024, VRNS stock price climbed to $44.99 with 103,081 million shares trading.

VRNS has a beta of 1.25, meaning it tends to be more sensitive to market movements. VRNS has a correlation of 0.22 to the broad based SPY ETF.

VRNS has a market cap of $5.02 billion. This is considered a Mid Cap stock.

Last quarter Varonis Systems reported $154 million in Revenue and $.27 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.04.

In the last 3 years, VRNS stock traded as high as $73.46 and as low as $15.61.

The top ETF exchange traded funds that VRNS belongs to (by Net Assets): CIBR, VTI, VB, IWM, VXF.

VRNS has outperformed the market in the last year with a return of +78.2%, while the SPY ETF gained +24.2%. However, in the most recent history, VRNS shares have underperformed the stock market with its stock returning -0.5% in the last 3 month period and -3.5% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

VRNS support price is $43.78 and resistance is $45.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VRNS stock will trade within this expected range on the day.