Varonis Expects 2024 Revenues Of $536M-$546M (Est. $544.338M), Or Y/Y Growth Of 7% To 9%; Adj. EPS Of $0.11-$0.13 (Est. $0.35)
Portfolio Pulse from Benzinga Newsdesk
Varonis projects its 2024 revenues to be between $536M and $546M, indicating a year-over-year growth of 7% to 9%. The company also forecasts its adjusted EPS to be in the range of $0.11 to $0.13, which is below the estimated $0.35.
February 05, 2024 | 9:25 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Varonis expects 2024 revenues of $536M-$546M with a 7%-9% Y/Y growth and an adjusted EPS of $0.11-$0.13, below the estimated $0.35.
The projected adjusted EPS of $0.11-$0.13 is significantly below the analyst estimate of $0.35, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The revenue forecast aligns closely with estimates, indicating stable growth, but the lower EPS projection is likely to have a more immediate impact on investor perceptions and stock value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100