Varonis Systems Q2 2024 Adj. EPS $0.05 Beats $(0.02) Estimate, Sales $130.346M Beat $124.842M Estimate
Portfolio Pulse from Benzinga Newsdesk
Varonis Systems (NASDAQ:VRNS) reported Q2 2024 earnings of $0.05 per share, significantly beating the analyst estimate of $(0.02). Sales also surpassed expectations, reaching $130.346 million compared to the $124.842 million estimate. Both earnings and sales showed substantial year-over-year growth.
July 29, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Varonis Systems reported Q2 2024 earnings of $0.05 per share, beating the $(0.02) estimate by 350%. Sales of $130.346 million also exceeded the $124.842 million estimate. Both metrics showed strong year-over-year growth.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, is likely to positively impact the stock price of Varonis Systems in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100