Varonis Systems stock
VRNSNASDAQVaronis Systems, Inc., TechnologyISIN US9222801022
45Score 45 out of 100, Weak
Price and trend
84 / 100
Price history
+38% in one yearThe chart shows daily closes over 13 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 36% above it.
Since July 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 56).
The price is 2.1% below its 52-week high. Largest decline in 13 years: 78% (September 2021 to November 2022).
Chart figures for advanced users
- SMA 50$48.00
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$36.16
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)56
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$20.19
- The lowest closing price of the last twelve months.
- Resistance$50.12
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Varonis Systems, Inc. belongs to the Software (Infrastructure) industry (United States) and, with a market value of $5.66B, is number 48 of 97 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $623.53M (up 13.2% year on year) and a loss of $129.32M.
- For fiscal 2026, analysts expect on average revenue of $739.53M (up 18.6%) and adjusted earnings per share of $0.19.
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- MEQIRI Score 45 out of 100 (Weak): rank 694 of 857 in Technology, median 61.
- Our model puts fair value at $19.46, with the price 152% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Analysts expect strong earnings growthUp 55.2% a year through 2028 (estimates from 13 analysts).Growth 66
- More cash than debtCash $631.44M, financial debt $514.31M.
Weaknesses
- Above fair valuePrice 152% above the fair value of $19.46.Valuation 17
- DilutionShare count up 37% since 2020.Capital allocation 18
- Loss-makingLoss of $153.09M over the last 12 months.Fundamentals 26
Its standout strengths are momentum and technical analysis, while capital allocation and valuation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- weak fundamentals
- high price swings
What lowers it
- price near its 52-week high
Valuation
Valuation signal
Significantly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $13.90 and expensive above $32.43 (uncertainty high, based on the price swings of the past year).
Calculated with a cost of equity of 9.5%. At 10.5% the fair value would be $16.29, at 8.5% it would be $23.99.
Valuation metrics
From the cash-flow model alone; without earnings there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 17.6% on the twelve months before. Revenue has grown strongly since 2010, at around 23% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 79%, operating −23%, net −21%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 2 Feb 2027in 82 days
- Last reported
- 3 Nov 2026EPS reported $0.09 (expected $0.03)above expectations
Analyst estimates
Analysts have raised their 2026 earnings estimate by 26.0% since 15 Oct 2026.
- Earnings per share
- $0.19+26.0%
- Revenue
- $739.53M+0.3%
- Earnings per share
- $0.44+6.9%
- Revenue
- $878.35M+0.2%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: −12.9%Guidance raised: 2026 SaaS ARR now $819 million to $850 million (growth of 28% to 33%) and free cash flow guidance raised by $5 million.
“For the full year 2026, we now expect total SaaS ARR of $819 million to $850 million, representing growth of 28% to 33%.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 28 Jul 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Varonis Systems
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
857 rated companies in Technology
- This company
- 45
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Software (Infrastructure)
The next larger and next smaller companies by market value
- WEXWEX $5.99B68
- BoxBOX $5.98B68
- Mobility GlobalMBGL $5.87B55
- NexiNEXI.MI $5.86B57
- BlackBerryBB $5.52B59
- Trend Micro4704.T $5.48B75
- Remitly GlobalRELY $4.89B71
- Core ScientificCORZ $4.69B33
ETFs that hold Varonis Systems
Held by 18 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Rize Cybersecurity and Data Privacy UCITS ETF Accum USDRCRS | 5.06% | 0.45% | €124.78M |
| Invesco Cybersecurity UCITS ETF AccumUSDIVCS | 3.81% | 0.35% | €14M |
| iShares Digital Security UCITS ETFIS4S | 1.08% | 0.40% | €1.9B |
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| L&G Cyber Security UCITS ETFUSPY | 0.56% | 0.69% | €3.76B |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.19% | 0.30% | €2.17B |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.18% | 0.30% | €4.22B |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.16% | 0.30% | €185.82M |
| Xtrackers Artificial Intelligence & Big Data UCITS ETF 1CXAIX | 0.05% | 0.35% | €7.53B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Jan 2024)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.