Varonis Systems Q2 Adj EPS $0.01 Misses $0.02 Estimate, Sales $115.42M Miss $119.21M Estimate
Portfolio Pulse from bharat@benzinga.com
Varonis Systems reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.02 by 50%. The company also reported quarterly sales of $115.42 million, missing the analyst consensus estimate of $119.21 million by 3.18%. However, this is a 3.56% increase over sales of $111.45 million the same period last year.
July 31, 2023 | 8:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Varonis Systems' Q2 earnings and sales missed estimates, which could negatively impact the stock in the short term. However, the YoY sales increase might mitigate some of the negative impact.
Varonis Systems missed both earnings and sales estimates, which is typically seen as negative by the market and could lead to a decrease in the stock price. However, the YoY sales increase might be seen as a positive sign, potentially mitigating some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100