Varonis Systems Sees FY 2023 Adj. EPS $0.31-$0.33 Vs $0.22 Est; Revenue $495M-$499M Vs $500.59M Est.
Portfolio Pulse from Benzinga Newsdesk
Varonis Systems has projected its FY 2023 adjusted EPS to be between $0.31 and $0.33, higher than the estimated $0.22. However, the company's revenue forecast of $495M-$499M is slightly below the estimated $500.59M.
October 30, 2023 | 8:20 pm
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Varonis Systems' higher than expected EPS forecast for FY 2023 could boost investor confidence, while the lower revenue forecast might cause some concern.
The higher EPS forecast indicates that Varonis Systems is expecting to have a profitable year in 2023, which could attract investors. However, the lower revenue forecast suggests that the company might not meet its sales targets, which could negatively impact its stock price.
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