Varonis Raises FY24 Revenue Guidance From $536M - $546M To $544M - $552M (Est $542.242M), Adj EPS From $0.13 - $0.16 To $0.22 - $0.24 (Est $0.17)
Portfolio Pulse from Benzinga Newsdesk
Varonis has raised its FY24 revenue guidance from $536M-$546M to $544M-$552M, surpassing the estimated $542.242M. Additionally, the company has increased its adjusted EPS guidance from $0.13-$0.16 to $0.22-$0.24, exceeding the estimated $0.17.
July 29, 2024 | 8:24 pm
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POSITIVE IMPACT
Varonis has raised its FY24 revenue guidance to $544M-$552M and adjusted EPS to $0.22-$0.24, both exceeding estimates. This positive revision is likely to boost investor confidence and drive the stock price up in the short term.
The upward revision in both revenue and EPS guidance indicates strong business performance and future prospects. This is likely to attract positive investor sentiment and result in a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100