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home / news releases / VRNS - Varonis Systems: SaaS Transition Going Well

VRNS - Varonis Systems: SaaS Transition Going Well

Varonis Systems Inc.

2024-05-28 23:07:21 ET

Summary

  • I continue to recommend a buy due to strong execution on the SaaS transition and a positive growth outlook.
  • 1Q24 earnings were in line with guidance and showed improvement in the SaaS transition, with subscription revenue growing and ARR increasing.
  • The introduction of the MDDR product and the demand for AI are expected to drive long-term growth for Varonis Systems.

Investment overview

For further details see:

Varonis Systems: SaaS Transition Going Well
Stock Information
Company Name: Varonis Systems Inc.
Stock Symbol: VRNS
Market: NASDAQ
Website: varonis.com
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