Varonis Systems (VRNS - Free Report) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +213.42%. A quarter ago, it was expected that this data-management software company would post earnings of $0.03 per share when it actually produced earnings of $0.08, delivering a surprise of +166.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Varonis, which belongs to the Zacks Security industry, posted revenues of $173.13 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.54%. This compares to year-ago revenues of $136.42 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Varonis shares have lost about 23.6% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Varonis?While Varonis has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Varonis was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.01 on $176.44 million in revenues for the coming quarter and $0.08 on $727.94 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Security is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Fortinet (FTNT - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This network security company is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of +5.2%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.
Fortinet's revenues are expected to be $1.73 billion, up 12.4% from the year-ago quarter.
Varonis Systems (VRNS - Free Report) reported $173.13 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 26.9%. EPS of $0.06 for the same period compares to $0 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $165.61 million, representing a surprise of +4.54%. The company delivered an EPS surprise of +213.42%, with the consensus EPS estimate being -$0.05.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Varonis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Maintenance and Services: $5.17 million versus $7.22 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -68.5% change.Revenues- Term license subscriptions: $6.9 million versus the three-analyst average estimate of $5.7 million. The reported number represents a year-over-year change of -78.1%.Revenues- SaaS: $161.07 million versus $154.89 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +81.9% change.View all Key Company Metrics for Varonis here>>>
Shares of Varonis have returned +18.3% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
1. Enphase Falls After Earnings Slump Enphase Energy (ENPH +8.70%) dropped more than 10% in pre-market trading, after posting a 31% fall in non-GAAP earnings per share for its fiscal first quarter, year over year (YoY). Recommended in Stock Advisor by Team Rule Breakers, the maker of solar energy technology saw U.S. revenue fall sharply – against a backdrop of tariff costs and oil-focused energy priorities. Tougher domestic trading was offset in part by international expansion.
"Europe is increasingly becoming a battery-critical market": CEO Badrinarayanan Kothandaraman spoke of "solar and battery activations up healthy double digits across multiple European markets." But due to competition, he said "we are reducing our distributor list prices for batteries by approximately 10% in May, which follows a 20% reduction for microinverters already implemented from December." Management expects $280 to $310 million revenue in Q2: Following Q1 revenue of $282.9 million, we should see non-GAAP gross margins stable between 44% and 47% – as Enphase targets commercialization of next-generation products. 2. Up 23% Tuesday, Kiniksa Is More Than a One-Drug Story Kiniksa (KNSA +4.69%) is now a profitable, fast-growing biotech with a clear compounding path. ARCALYST is driving 50%+ growth w/ rising adoption, expanding prescribers, and multi-year patient use. This creates durable, recurring-like revenue. Penetration is still early, with meaningful upside as usage moves earlier in treatment. The company is reinvesting smartly. They're driving AI-powered marketing w/ targeted outreach. This should continue to accelerate growth. Its pipeline (KPL-387, KPL-1161) is designed to extend rather than disrupt the franchise with better dosing and convenience. Lots of cash generation oncoming and a large remaining market, Kiniksa is evolving into a long-term pharma franchise. It really is not a one-drug story.
3. Tuesday After-Market Earnings Roundup Booking Holdings (BKNG +1.92%) reported a 16% first-quarter revenue rise YoY, with 338 million room nights sold. Recommended by both Team Hidden Gems and Team Rule Breakers, the stock dipped 4% after hours on the back of slower growth expected in Q2 due to travel disruption from Middle East conflicts. T-Mobile (TMUS +0.33%) ticked up 2% in pre-market trading, after mixed Q1 results saw growth in customer numbers, but a net income fall due to integration costs. Management upped its targets, and now expects 950,000 to 1.05 million new accounts for the full year. T-Mobile is a longtime SA rec by Team Rule Breakers. Varonis (VRNS +1.70%) – recommended in SA by Team Hidden Gems – popped around 15% before the market opened. Q1 Software-as-a-Service (SaaS) revenue smashed through the company's own expectations, with an 82% jump YoY – as total revenue grew 27%. The company lifted full-year SaaS Annual Recurring Revenue guidance, now expecting growth of 27% to 32%. 4. Today's Notable Fool Favorite Results Fiverr (FVRR 2.08%) reported a 1.6% YoY revenue dip in Q1 this morning, though it did beat management expectations. Founder and CEO Micha Kaufman spoke of "early momentum of our AI-led transformation," as the company shifts "from a transactional marketplace to a sophisticated work platform." The SA rec by Team Hidden Gems jumped over 10% in early trading. EMCOR (EME +4.63%) is poised to reveal Q1 earnings before today's opening bell, after posting a 20% YoY rise in revenue in Q4 of fiscal 2025. The stock is 54% ahead of the S&P 500 since November 2024's SA rec by Team Hidden Gems. eBay (EBAY +3.01%) is due to unveil Q1 figures this afternoon, after the online marketplace pioneer saw revenue jump 15% YoY in its previous quarter. The Dividend Investor rec has raised its annual dividend for 7 years in a row. 5. Your Take Which two of the Magnificent Seven do you think will be the best performers over the next 5 years, and why?
Debate with friends and family, or become a member to hear what your fellow Fools are saying!
This image and article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has positions in and recommends Booking Holdings, EMCOR Group, Fiverr International, Kiniksa Pharmaceuticals International, Plc, Varonis Systems, and eBay. The Motley Fool recommends Enphase Energy and T-Mobile US. The Motley Fool has a disclosure policy.
Key Takeaways Varonis reported Q1 EPS of 6 cents vs. expected loss, with revenues up to $173.1M, beating estimates.VRNS saw SaaS revenues jump to $161.1M, driving ARR up 69% year over year to $683.2M.Varonis raised 2026 outlook, guiding up to $737M revenues and projecting continued SaaS-led growth. Varonis Systems (VRNS - Free Report) came out with first-quarter 2026 earnings of 6 cents per share, in contrast to the Zacks Consensus Estimate of a loss of 5 cents.
VRNS posted revenues of $173.13 million in the first quarter of 2026, beating the Zacks Consensus Estimate by 4.5%. This compares with year-ago revenues of $136.4 million.
Varonis beat the Zacks Consensus Estimates in each of the trailing four quarters, with an average surprise of 116.7%.
Varonis’ strong performance in the first quarter of 2026 can be attributed to SaaS momentum and rising demand for automated compliance products.
VRNS Revenue Mix Skews Further Toward SaaSVaronis continued to benefit from its SaaS transition in the first quarter of 2026. SaaS revenues rose to $161.1 million compared with $88.6 million in the year-ago quarter, highlighting the expanding base of cloud-delivered contracts.
Legacy streams continued to contract as customers shifted to the SaaS platform. Term license subscription revenues declined to $6.9 million from $31.5 million a year ago, while maintenance and services revenues fell to $5.2 million from $16.4 million, with management attributing most of the declines to conversions.
Varonis Tightens Profitability Despite Transition HeadwindsNon-GAAP gross profit for the quarter was $134.9 million, translating to a gross margin of 77.9%, down from 80.2% in the prior-year period. The modest compression aligns with the company’s broader SaaS revenue recognition dynamics and ongoing platform evolution.
On the cost side, non-GAAP operating expenses totaled $136.3 million. That produced a non-GAAP operating loss of $1.4 million compared with a $6.5 million loss a year earlier, with operating margin narrowing to negative 0.8% from negative 4.7%.
VRNS Cash Generation Remains Solid, Buybacks ContinueAs of March 31, 2026, Varonis had $899.5 million in cash, cash equivalents, marketable securities and short-term deposits, down from $921 million at the end of the previous quarter.
Varonis generated $49.0 million of free cash flow in the first quarter compared with $65.3 million a year ago. The company noted that results included acquisition-related costs, and adjusted free cash flow was $61.6 million for the period.
The company also returned capital via repurchases, buying back 5,355,445 shares at an average price of $24.67 for a total of $132.1 million.
Varonis Leans Into AI Security and Expanding Use CasesTotal SaaS ARR in the reported quarter was $683.2 million, up 69% year over year, reflecting both organic subscription expansion and the ongoing conversion of customers to the SaaS platform. Management reported $11.3 million of conversion ARR in the quarter and finished with about $83.7 million of non-SaaS ARR remaining.
Operationally, management emphasized accelerating demand tied to securing enterprise data for AI adoption, pointing to customer traction in managed detection and response capabilities and AI-related offerings. The company also highlighted early customer interest in newer products added through acquisitions, including Atlas, positioning it as a control plane for AI models, agents and pipelines that complements Varonis’ data security platform.
VRNS Raises Full-Year View and Guides Q2 for GrowthFor the second quarter of 2026, Varonis expects revenues to be in the range of $175-$178 million, implying 15-17% year-over-year growth. The Zacks Consensus Estimate is pegged at $176.4 million.
The company projects breakeven to earnings of a penny per diluted share for the second quarter of 2026.
It also expects SaaS ARR growth to be in the range of 24-25% year over year, excluding conversions.
For full-year 2026, management raised its outlook and now expects revenues to be between $731 million and $737 million, implying growth of 17-18% year over year. The Zacks Consensus Estimate is pegged at $728 million.
The company projects total SaaS ARR between $814 million and $845 million, and free cash flow to be in the range of $100-$105 million.
VRNS’ non-GAAP operating income is expected to be in the band of $7-$9 million and non-GAAP earnings between 11 cents and 12 cents. The Zacks Consensus Estimate for 2026 earnings is pegged at 8 cents.
Zacks Rank and Stocks to ConsiderCurrently, VRNS carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer and Technology sector are Arista Networks (ADI - Free Report) , Advanced Energy (AEIS - Free Report) and Applied Materials (AMAT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Arista Networks have gained 17.8% year-to-date. The Zacks Consensus Estimate for ANET’s 2026 earnings is pegged at $3.53 per share, up by a penny over the past 30 days, indicating an increase of 18.5% year over year.
Shares of Advanced Energy have gained 78.8% year-to-date. The Zacks Consensus Estimate for AEIS’ 2026 earnings is pegged at $8.32 per share, down a penny over the past 60 days, indicating an increase of 29.8% year over year.
Applied Materials shares have surged 53.4% year-to-date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $11.10 per share, up 7 cents over the past 30 days, indicating an increase of 17.8% year over year.
, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Varonis Systems, Inc. (NASDAQ: VRNS) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at Varonis caused the company to misrepresent or fail to disclose the true state of Varonis' ability to convert its existing customer base; notably, that it was not truly equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain those customers on its platform, resulting in significantly reduced ARR growth potential in the near-term.
If you currently own VRNS and purchased prior to February 4, 2025 please contact Justin Kuehn, Esq. by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
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As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
Varonis Systems has successfully completed its SaaS transition, driving accelerated revenue growth and improved non-GAAP profitability. VRNS now focuses on new customer acquisition and upselling, with SaaS ARR excluding conversions up 29% y/y to $522.6 million. AI and data security demand are broadening VRNS's platform adoption, with notable wins and early traction in new products like Atlas and Interceptor.
Philadelphia, Pennsylvania--(Newsfile Corp. - May 3, 2026) - Grabar Law Office is investigating claims on behalf of shareholders of Varonis Systems, Inc. (NASDAQ: VRNS). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.
If you purchased Varonis Systems, Inc. (NASDAQ: VRNS), prior to February 4, 2025, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. You are encouraged to visit https://grabarlaw.com/the-latest/varonis-shareholder-investigation/, contact Joshua Grabar at [email protected], or call 267-507-6085.
WHY? As alleged in an underlying securities fraud class action complaint, Varonis Systems, Inc. (NASDAQ: VRNS), through certain of its officers, provided investors with materially false or misleading information concerning Varonis' expected annual recurring revenue ("ARR") for the fiscal year 2025. Defendants' statements included, among other things, confidence in the Company's ability to maintain ARR projections while converting both its federal and non-federal existing on-prem customers to the software-asa-service ("SaaS") alternative offering. Such statements were made while failing to disclose material adverse facts concerning the true state of Varonis' ability to convert its existing customer base; notably, that it was not truly equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain those customers on its platform, resulting in significantly reduced ARR growth potential in the near-term. When Varonis announced its financial results for the third quarter of fiscal 2025, disclosing a significant miss to ARR and reducing its projections for the full fiscal year 2025, the stock suffered a massive single-day decline of over 48%.
WHAT YOU CAN DO NOW: If you purchased Varonis Systems, Inc. (NASDAQ: VRNS), prior to February 4, 2025, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/varonis-shareholder-investigation/, contact Joshua Grabar at [email protected], or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.
#Varonis #VRNS $VRNS
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MIAMI, May 05, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ: VRNS), the data and AI security leader, today announced its Data Security Platform has achieved certification at the High (Alta) level under Spain’s Esquema Nacional de Seguridad (ENS), the country’s National Security Framework governing information security requirements for public-sector organizations and their technology providers.
The ENS certification at the High level affirms that the Varonis Data Security Platform meets the security controls established by Royal Decree 311/2022, which is designed to build trust and ensure optimal security in protecting data and critical infrastructure.
“As organizations adopt AI at scale, securing sensitive data becomes essential,” said Dror Shemesh, CISO at Varonis. “Achieving High ENS certification underscores our commitment to helping organizations prevent breaches, comply with regulations, and adopt AI safely by securing the data that fuels AI.”
This certification expands the growing list of audited certifications that verify the security, privacy, and controls of the Varonis Data Security Platform. For more information about Varonis security and compliance certifications, visit the Varonis Trust Center.
Additional Resources
See Varonis in action: schedule a 30-minute demo.For more information on Varonis' solution portfolio, please visit www.varonis.com.Visit our blog and join the conversation on LinkedIn and YouTube.
About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112 [email protected]
News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598) [email protected]
MIAMI, May 06, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), the data and AI security leader, today announced the winners of its annual Partners in Excellence awards.
The program recognizes channel partners who worked diligently to deliver Varonis’ top-ranked security solutions to customers worldwide. Varonis leadership selected the winners based on their accomplishments during the previous year.
“AI is changing the enterprise stack, with agents accessing data directly, at machine speed — and security must evolve with it,” said Patrick Fleming, VP of Global Channel at Varonis. “Our Partners in Excellence winners understand and embrace this shift, and they are helping customers modernize security while enabling safe AI use. Congratulations to this year’s winners!”
Varonis Partners in Excellence Award Winners
Global Award Winners
Partner of the Year – CDW
Growth Partner of the Year – World Wide Technology
Marketplace Partner of the Year – Optiv
NAM Award Winners
Partner of the Year, North America – GuidePoint Security
Regional Excellence Partner of the Year, North America – Alchemy Technology Group
EMEA Award Winners
Partner of the Year, EMEA – Softcat
Regional Excellence Partner of the Year, EMEA – SCC
APAC Award Winners
Partner of the Year, APAC – Altisec Technologies
Regional Excellence Partner of the Year, APAC – CyberCX
About the Varonis Partners in Excellence Awards
The annual awards recognize outstanding partners that delivered exceptional business results and demonstrated a deep commitment to customers throughout 2025. Award recipients stood out by excelling in three key areas: delivering outstanding customer outcomes, achieving sustained business growth, and maintaining strategic alignment with Varonis.
Additional Resources
Find a Varonis partner on the Varonis Partner Locator.See Varonis in action: schedule a 30-minute demo.For more information on Varonis' solution portfolio, please visit www.varonis.com.Visit our blog and join the conversation on LinkedIn and YouTube. About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112 [email protected]
News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598) [email protected]
Cybersecurity M&A is reaccelerating in 2026 as platform consolidation, AI disruption, and hyperscaler appetite collide. Cisco/Splunk and Google/Wiz reset the deal calculus, and CrowdStrike’s January 2026 purchase of Seraphic Security and Zscaler’s February 2026 acquisition of SquareX kicked off a browser-security arms race. OpenAI’s Trusted Access for Cyber program in April 2026 effectively anointed Palo Alto, CrowdStrike, and Zscaler as platform consolidators, squeezing sub-scale pure plays. Below are five pure-play vendors most positioned as 2026 acquisition candidates. Treat each entry as an investment thesis.
1. SentinelOne SentinelOne (NYSE: S | S Price Prediction) is the most-discussed takeout name in the cyber field. The endpoint vendor crossed $1.06 billion annual recurring revenue (ARR) (+23% year over year) in its most recent quarter and posted a record 7% non-GAAP operating margin, yet shares trade at $16.33, down 14.7% over one year and 61.6% from 2021 levels. Market cap stands near $5.6 billion on a 5.64× price-to-sales multiple, well below those of peers like CrowdStrike and Zscaler.
Endpoint protection is core to any platform roll-up. Federal differentiation via newly earned GovRAMP High status sweetens the strategic case for Cisco, Palo Alto, or a hyperscaler. Analyst targets average $18.50 with 24 Buy ratings against 13 Holds. Note that founder-CEO Tomer Weingarten has previously walked away from sale talks, and the company is executing operationally, which reduces urgency.
2. Tenable Tenable Holdings (NASDAQ: TENB) fits the classic leveraged buyout (LBO) profile: durable cash flow, decelerating growth, sub-scale platform. Q1 FY2026 delivered revenue of $262.06 million (+9.58% year over year) and a 320 bps operating-margin expansion to 23.6%, with FY26 free-cash-flow guidance of $285 million to $295 million. Recurring revenue runs at 96% of total.
The stock trades at $21.31, down 32.4% over 12 months, on a forward P/E near 11. Tenable was reportedly explored by Permira in 2024. Vulnerability management is increasingly bundled into broader platforms, making Tenable a natural tuck-in for Palo Alto, or a fresh take-private for Thoma Bravo or Permira. However, a $338 million buyback authorization and Gartner Leader status could push the board to hold out for a steep premium.
3. Rapid7 Rapid7 (NASDAQ: RPD) is the most distressed name on this list. Shares trade at $6.37, down 74.7% over one year and 91.9% over five, with market cap collapsing to $426 million. Q1 FY2026 revenue of $209.69 million declined 0.27% year over year, ARR fell 0.6% to $832 million, and FY26 guidance implies a 2% to 3% revenue contraction. And $597.6 million of convertible senior notes are classified as current liabilities.
That combination of cheap valuation, balance-sheet pressure, and decent SIEM/XDR assets makes Rapid7 the highest-probability private-equity buyout, carve-up, or strategic tuck-in. Jana Partners has previously pushed for a sale. The risk here is that the convertible note overhang complicates clean LBO math, and the analyst consensus target is $7.25, with 21 Holds signaling muted Wall Street conviction.
4. Varonis Systems Varonis Systems (NASDAQ: VRNS) owns the data-security and data security posture management niche, the hottest M&A subsector behind Rubrik and Cyera comps. SaaS ARR jumped 69% year over year to $683.2 million, and SaaS revenue rose 82% to $161.06 million. Total Q1 FY2026 revenue grew 26.9% year over year, with management raising FY26 revenue guidance to $731 million to $737 million.
Despite the operational momentum, shares trade at $28.00, down 38.2% over 12 months. AI workloads are turning data security into a board-level priority, making Varonis a natural fit for Microsoft (already a Purview integration partner), Palo Alto, or CrowdStrike. Yet a forward P/E near 167× reflects an expensive SaaS transition that any strategic acquirer would need to underwrite, alongside active securities litigation tied to prior forward guidance.
5. Qualys Qualys (NASDAQ: QLYS) is the prototypical private equity take-private candidate: cash-flow rich, decelerating, and clean. FY2025 produced $669.1 million in revenue, $198.3 million of net income, and $304.4 million of free cash flow (+31%). Q1 FY2026 GAAP operating margin reached 35%, and the company holds a 29.4% profit margin and 37.7% return on equity.
Growth is the catch. Calculated current billings growth decelerated from 13% to 6% in Q4 2025, and shares trade at $91.53, down 30.82% over one year. A forward P/E near 13 fits cleanly with a Thoma Bravo-style take-private. Founder-CEO Sumedh Thakar has shown no public appetite for a sale, and any deal involving Qualys could face antitrust scrutiny over vulnerability-management overlap if paired with Tenable.
Conclusion Five themes tie this list together:
Depressed valuations against operational fundamentals Platform pressure from Palo Alto Networks, CrowdStrike, Zscaler Hyperscaler appetite for data and identity layers PE dry powder targeting sub-$6 billion software AI redrawing the build-versus-buy line Anthropic’s Claude Code Security tool in February 2026 underscored that point-solution moats are eroding. Antitrust scrutiny, premium expectations, and financing conditions remain the key swing variables. While no deal is a sure thing, each of these targets offers a compelling strategic blueprint for a takeover.
May 12, 2026 16:05 ET | Source: Varonis Systems, Inc.
MIAMI, May 12, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), the data and AI security leader, announced its participation at the following upcoming conferences:
J.P. Morgan 2026 Global Technology, Media and Communications Conference, May 18 – 20, in Boston. The presentation is scheduled for May 19 at 10:05 a.m. ET.TD Cowen 54th Annual Technology, Media & Telecom Conference, May 27 – 28, in New York. The presentation is scheduled for May 28 at 10:50 a.m. ET.William Blair 46th Annual Growth Stock Conference, June 2 – 4, in Chicago. The presentation is scheduled for June 2 at 12:00 p.m. CT.
The audio presentations will be webcast live and available by visiting the "Investor Relations" section of Varonis' website at ir.varonis.com. The webcasts will be archived on the website for a limited time following the conferences.
Additional Resources
For more information on Varonis' solution portfolio, please visit www.varonis.com.Visit our blog, and join us on LinkedIn and YouTube. About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112 [email protected]
News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598) [email protected]
The data and AI security leader extends visibility and alerting with deeper integration with Claude Enterprise and Claude Platform May 21, 2026 13:00 ET | Source: Varonis Systems, Inc.
MIAMI, May 21, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), today announced an integration with the Claude Compliance API. The integration brings Anthropic’s Claude Enterprise and Claude Platform activity into Varonis' Atlas AI Security Platform.
Security and governance teams use Atlas to monitor AI usage across their organizations and alert on misuse — whether employees are using Claude Enterprise for knowledge work and analysis, or development teams are using Claude Platform to build AI-powered applications and agents.
As AI systems become deeply embedded in enterprise workflows, the security stack must keep pace. When AI agents are involved, data is accessed directly, at machine speed, at a scale that outpaces human oversight. Visibility into what those systems are doing, and what data they can reach, is no longer optional.
“Every AI system you deploy is a direct path to your data — no application layer, no built-in security controls, no speed limit. You can’t secure what you can’t see,” said Ron Bennatan, VP of AI and Data Security Strategy at Varonis. “Our integration with the Claude Compliance API gives security teams visibility into Claude usage across the enterprise: what’s being used, by whom, and whether it’s aligned with policy.”
Extending Visibility and Oversight to Claude Enterprise
Claude Enterprise gives every employee access to chat, Claude Code, and Claude Cowork — empowering teams across the organization to work faster, produce better outcomes, and tackle more complex challenges.
Varonis Atlas ingests Claude Enterprise activity and administrative events, enabling security and governance teams to:
Monitor conversational content, including chats, uploaded files, and projectsDetect anomalies and misuse in real timeMaintain audit records to support internal governance and compliance assessments
Supporting Secure Development on Claude Platform
The Claude Platform is a powerful, customizable system to build AI-enabled products, services, and agents — with frontier Claude models, a builder-first developer experience, and connections to your data and systems via MCP and skills.
As development teams scale AI to the application layer, Atlas provides visibility into how those systems are built and how they operate:
Monitor assistants and agents created with Claude PlatformStore audit events and generate real-time alerts on risky behaviorProactively stress-test assistants and agents for vulnerabilities, including prompt injection
AI Security with Data Context
Atlas connects AI activity to the underlying data: what’s sensitive, who has access, and whether that access is appropriate. This integration is part of Varonis’ broader platform approach to securing AI across its lifecycle — from discovery and posture management to runtime protection and governance.
Varonis’ integration with the Claude Compliance API is available today. Organizations can begin with a free trial with full access to Atlas’ AI inventory, posture management, security testing, runtime guardrails, and compliance reporting functionality.
Additional Resources
Learn more about Varonis’ integration with Compliance API.Learn more on the Varonis website.Request your Varonis Atlas demo.Visit our blog, and join the conversation on LinkedIn and YouTube. About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
[email protected] Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
MIAMI and LONDON, May 27, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), the data and AI security leader, today announced its participation at Infosecurity Europe 2026, taking place June 2–4 at Excel London.
Stop by Stand C84 for presentations, live demonstrations, and the best swag on the show floor. Learn how Varonis enables teams to apply real-time guardrails, test AI systems for prompt injection and unsafe data exposure, and gain full visibility into cloud AI, code-based AI, and shadow AI.
Varonis Highlights at Infosecurity Europe 2026:
Expert session - Build Fast, Deploy Safely: Securing the AI Development Lifecycle. Join Varonis’ Alan Oprawko for an end-to-end AI security implementation covering everything from triaging AI risks to flushing out shadow AI and more.
Date: June 2 at 12 pm
Location: Technology Showcase
Expert session - Realize Multi-AI Ambitions with a Data-First Security Approach. Join Varonis Field CTO – EMEA Matt Lock to learn how organizations can scale multiple AI initiatives while maintaining visibility and control over sensitive data at scale.
Date: June 3 at 10:35 am
Location: Cyber Strategies Stage
Expert session - Prompt, Breach, Repeat: How AI Transforms Database Risk. Join Varonis VP of Product Strategy Terry Ray to learn how AI breaks long-standing database security assumptions and how security must change to keep up.
Date: June 3 at 12 pm
Location: Technology Showcase
Exclusive Lunch Panel - AI Changed the Attacker’s Playbook. Do We Stand a Chance? Join Varonis for an invite-only discussion featuring Graham Cluley and Varonis Threat Labs on how AI is changing attacks and why stopping them is becoming more complex. Request your invitation.
To schedule a meeting with Varonis at Infosecurity Europe 2026, visit: https://www.varonis.com/infosecurity-europe-2026.
Additional Resources:
Free Expo Pass: Get your complimentary expo pass.Executive Meetings: Schedule a meeting with our team. Contact your account manager or email [email protected] Connected: Follow Varonis on LinkedIn for real-time updates and live coverage from Infosecurity Europe 2026. About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and ensures safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112 [email protected]
News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598) [email protected]
A month has gone by since the last earnings report for Varonis Systems (VRNS - Free Report) . Shares have added about 10.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Varonis due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
VRNS Q1 Earnings Surpass Expectations, Revenues Increase Y/YVaronis Systems came out with first-quarter 2026 earnings of 6 cents per share, in contrast to the Zacks Consensus Estimate of a loss of 5 cents.
VRNS posted revenues of $173.13 million in the first quarter of 2026, beating the Zacks Consensus Estimate by 4.5%. This compares with year-ago revenues of $136.4 million.
Varonis’ strong performance in the first quarter of 2026 can be attributed to SaaS momentum and rising demand for automated compliance products.
VRNS Revenue Mix Skews Further Toward SaaSVaronis continued to benefit from its SaaS transition in the first quarter of 2026. SaaS revenues rose to $161.1 million compared with $88.6 million in the year-ago quarter, highlighting the expanding base of cloud-delivered contracts.
Legacy streams continued to contract as customers shifted to the SaaS platform. Term license subscription revenues declined to $6.9 million from $31.5 million a year ago, while maintenance and services revenues fell to $5.2 million from $16.4 million, with management attributing most of the declines to conversions.
Varonis Tightens Profitability Despite Transition HeadwindsNon-GAAP gross profit for the quarter was $134.9 million, translating to a gross margin of 77.9%, down from 80.2% in the prior-year period. The modest compression aligns with the company’s broader SaaS revenue recognition dynamics and ongoing platform evolution.
On the cost side, non-GAAP operating expenses totaled $136.3 million. That produced a non-GAAP operating loss of $1.4 million compared with a $6.5 million loss a year earlier, with operating margin narrowing to negative 0.8% from negative 4.7%.
VRNS Cash Generation Remains Solid, Buybacks ContinueAs of March 31, 2026, Varonis had $899.5 million in cash, cash equivalents, marketable securities and short-term deposits, down from $921 million at the end of the previous quarter.
Varonis generated $49.0 million of free cash flow in the first quarter compared with $65.3 million a year ago. The company noted that results included acquisition-related costs, and adjusted free cash flow was $61.6 million for the period.
The company also returned capital via repurchases, buying back 5,355,445 shares at an average price of $24.67 for a total of $132.1 million.
Varonis Leans Into AI Security and Expanding Use CasesTotal SaaS ARR in the reported quarter was $683.2 million, up 69% year over year, reflecting both organic subscription expansion and the ongoing conversion of customers to the SaaS platform. Management reported $11.3 million of conversion ARR in the quarter and finished with about $83.7 million of non-SaaS ARR remaining.
Operationally, management emphasized accelerating demand tied to securing enterprise data for AI adoption, pointing to customer traction in managed detection and response capabilities and AI-related offerings. The company also highlighted early customer interest in newer products added through acquisitions, including Atlas, positioning it as a control plane for AI models, agents and pipelines that complements Varonis’ data security platform.
VRNS Raises Full-Year View and Guides Q2 for GrowthFor the second quarter of 2026, Varonis expects revenues to be in the range of $175-$178 million, implying 15-17% year-over-year growth.
The company projects breakeven to earnings of a penny per diluted share for the second quarter of 2026.
It also expects SaaS ARR growth to be in the range of 24-25% year over year, excluding conversions.
For full-year 2026, management raised its outlook and now expects revenues to be between $731 million and $737 million, implying growth of 17-18% year over year.
The company projects total SaaS ARR between $814 million and $845 million and free cash flow to be in the range of $100-$105 million.
VRNS’ non-GAAP operating income is expected to be in the band of $7-$9 million and non-GAAP earnings between 11 cents and 12 cents.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.
VGM ScoresCurrently, Varonis has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Varonis has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Varonis Systems, Inc. (NASDAQ: VRNS) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at Varonis caused the company to misrepresent or fail to disclose the true state of Varonis’ ability to convert its existing customer base; notably, that it was not truly equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain those customers on its platform, resulting in significantly reduced ARR growth potential in the near-term.
If you currently own VRNS and purchased prior to February 4, 2025 please contact Justin Kuehn, Esq. by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
Deployment of Teleste ICON intelligent amplifiers and Argus NMS strengthens reliability, improves operational visibility, and prepares the network for DOCSIS 4.0 evolution. TURKU, Finland, March 19, 2026 /PRNewswire/ -- Home Telecom today announced the completion of a cable access network modernization project in collaboration with Teleste and Mega Hertz.
AGREEMENT WITH HOLMARCOM FINANCE COMPANY (HFC) FOR THE DIVESTMENT OF BMCI IN MOROCCO
PRESS RELEASE
Paris, 29 April 2026
Following the announcement of exclusive discussions on December 12, 2025, BNP Paribas and Holmarcom Finance Company have concluded an agreement for the divestment by BNP Paribas to HFC of its entire 67% controlling interest in Banque Marocaine pour le Commerce et l’Industrie (BMCI).
The Holmarcom Group, a long-standing partner and 30-years shareholder of BMCI, will pursue the bank’s development in Morocco to the advantages of BMCI’s shareholders, customers and employees.
BNP Paribas reiterates its long-term commitment to Morocco. The Group intends to pursue the development of its investment banking activities there, and a commercial partnership agreement with HFC will ensure service continuity for the corporate clients of the BNP Paribas Group and those of BMCI.
The completion of this transaction, expected in the fourth quarter of 2026, remains subject to obtaining the requisite regulatory approvals. Its impact on BNP Paribas’ CET1 ratio upon closing is estimated at approximately 15 bps.
About BNP Paribas
Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and territories with more than 180,000 employees, including more than 146,000 in Europe. The Group’s activities are structured by three operating divisions: Commercial, Personal Banking & Services covering commercial & personal banking entities and specialised businesses; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, a bridge between corporate and institutional clients. Based on its strong diversified and integrated model, the Group accompanies all its clients (individuals, entrepreneurs, SMEs, corporates and institutional clients) through solutions spanning financing, investment, savings and insurance. The Group has a historic footprint in four eurozone markets: France, Italy, Belgium and Luxembourg. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas implements a Social and Environmental Responsibility approach across all its activities, enabling it to contribute to building a sustainable future while ensuring the Group's performance and stability.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 29, 2026 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“Hampton” or the “Company”, TSXV:HFC) today announced its financial results for the 2nd quarter ended February 28th 2026. Second Quarter ended February 28 th , 2026.
Shares of Bentley Systems, Incorporated (NASDAQ: BSY - Get Free Report) were down 5.1% during mid-day trading on Friday. The company traded as low as $31.69 and last traded at $31.7390. Approximately 297,502 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 3,066,493 shares. The stock had previously
Farther Finance Advisors LLC raised its position in shares of Bentley Systems, Incorporated (NASDAQ: BSY) by 20,094.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 215,273 shares of the company's stock after purchasing an additional 214,207 shares during the quarter. Farther Finance Advisors LLC owned
Bentley Systems (BSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Shares of Bentley Systems, Incorporated (NASDAQ: BSY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, seven have given a buy recommendation
EXTON, Pa.--(BUSINESS WIRE)--Bentley's ProjectWise and OpenGround earned FedRAMP Authorization, offering secure digital tools for federal agencies to modernize US infrastructure.
Besides Wall Street's top-and-bottom-line estimates for Bentley Systems (BSY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2026.
Bentley Systems, Incorporated (BSY) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.35 per share a year ago.
While the top- and bottom-line numbers for Bentley Systems (BSY) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
I stick with a "Buy" rating for Bentley Systems after assessing its outlook over different time horizons. Its near-term outlook is favorable, given the outperformance of its Resources business, Seequent, and a shift towards a higher subscription revenue mix. AI and geopolitics offer long-term catalysts; BSY should benefit from an increased emphasis on energy security and agentic AI's rise, supporting increased software expenditures.
LONDON--(BUSINESS WIRE)--NXT BLD, Bentley Systems announce NXT Activate, an accelerator for early-stage companies building transformative software for the AEC sectors.
On May 18, 2026, Bentley Systems Inc (BSY) shares rose 3.9% to a current price of $33.31. Despite today's positive move, the stock has faced a challenging year,
CAPE TOWN, South Africa--(BUSINESS WIRE)--Western Cape Department of Infrastructure to implement Bentley Systems' AI-powered Blyncsy technology across strategic sections of its road network.
Bentley Systems NASDAQ: BSY Chairman Greg Bentley used an appearance at the J.P. Morgan Boston TMC Conference to outline why the infrastructure software company sees artificial intelligence as a long-term growth driver, while acknowledging that commercial monetization of some AI-related capabilities is still in its early stages.
On June 01, 2026, Bentley Systems Inc (BSY) shares rose 8.0% today, bringing the stock price to $35.24. The stock has traded within a 52-week range of $30.52 to
On May 13, 2026, Pegasystems Inc (PEGA) shares fell 3.8% to a current price of $32.72. This decline follows a trend where the stock has dropped 45.1% year-to-da
WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), The Enterprise Transformation Company™, today announced that an in-person Investor Session will be held at PegaWorld, Pega's annual user conference held at the MGM Grand in Las Vegas, hosted by Ken Stillwell, COO and CFO, Pega. The Investor Session is scheduled for Monday, June 8, 2026 at 12:00 p.m. PDT (3:00 p.m. EDT). A live audio-only webcast of the Session will be available at https://app.webinar.net/w7kxZ4g89Jz. A replay wil.
Enterprise automation and AI-driven workflow software remain among the most important themes in enterprise technology spending in 2026. As companies attempt to modernize legacy systems, automate complex workflows and operationalize artificial intelligence safely, platforms that combine process orchestration with AI capabilities are gaining strategic importance.
Software M&A is heating up again as private equity dry powder collides with depressed SaaS (software as a service) multiples and AI-driven stack consolidation among hyperscalers.
LAS VEGAS--(BUSINESS WIRE)---- $PEGA #AI--Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today at PegaWorld® launched Pega Infinity Studio™, an intuitive, AI-powered development environment for quickly building mission-critical applications without AI coding risks or extended learning curves. Pega Infinity Studio infuses the architectural and industry best practices of the Pega Blueprint AI™ workflow design agent into a reimagined, AI-first developer interface.
LAS VEGAS--(BUSINESS WIRE)--Organizations delivering agentic artificial intelligence (AI) successfully do so by rethinking existing processes to support a culture of collaboration and innovation that maximizes project benefits, according to new research from Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work. The study, conducted with research firm Savanta, was unveiled at PegaWorld®, the company's annual conference in Las Vegas. It identified more tha.
