Recap: Varonis Systems Q4 Earnings
Portfolio Pulse from Benzinga Insights
Varonis Systems (NASDAQ:VRNS) reported Q4 earnings with a 17.39% beat on estimated EPS, reporting $0.27 versus the $0.23 estimate. Revenue increased by $11.48 million from the same period last year. The company had previously beaten EPS estimates last quarter, which led to a 6.79% share price increase the following day.
February 05, 2024 | 9:10 pm
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Varonis Systems reported a significant beat on Q4 earnings estimates with an EPS of $0.27, surpassing the expected $0.23. Revenue also saw a notable increase from the previous year.
Given Varonis Systems' history of stock price increase following an earnings beat, as seen in the last quarter with a 6.79% rise the next day, it's likely that the reported earnings beat and revenue increase will have a positive short term impact on VRNS's stock price. The company's consistent performance in surpassing earnings estimates and the significant year-over-year revenue growth are key factors contributing to this analysis.
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IMPORTANCE 90
RELEVANCE 100