Varonis Expects Q1 Revenues Of $111M-$115M (Est $116.399M), Or Y/Y Growth Of 3%-7%; Non-GAAP Net Loss Per Share Of $(0.10)-$(0.09) (Est (0.01)
Portfolio Pulse from Benzinga Newsdesk
Varonis projects Q1 revenues to be between $111M-$115M, below the estimated $116.399M, with a year-over-year growth of 3%-7%. The company also anticipates a non-GAAP net loss per share of $(0.10)-$(0.09), which is worse than the estimated $(0.01).
February 05, 2024 | 9:10 pm
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Varonis expects lower Q1 revenues and a higher non-GAAP net loss per share than estimated, indicating potential financial challenges.
Varonis' projection of lower-than-expected revenues and a higher non-GAAP net loss per share than anticipated could lead to negative investor sentiment in the short term. This financial outlook suggests potential challenges in the company's performance, which might impact its stock price negatively.
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IMPORTANCE 90
RELEVANCE 100