Varonis Systems Q1 2024 Adj EPS $(0.03) Beats $(0.09) Estimate, Sales $114.00M Beat $113.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Varonis Systems (VRNS) reported Q1 2024 adjusted EPS of $(0.03), surpassing the $(0.09) estimate, with sales of $114.00M exceeding the $113.62M forecast, marking a 6.21% year-over-year increase.
May 06, 2024 | 8:13 pm
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Varonis Systems reported a smaller than expected Q1 2024 loss and higher sales, indicating strong performance and potential growth.
Varonis Systems' earnings beat and sales surpassing estimates suggest operational efficiency and market demand for their offerings. This positive performance, especially the significant beat on EPS estimates and year-over-year sales growth, could lead to increased investor confidence and a potential short-term uptick in VRNS stock price.
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RELEVANCE 100