Shares Outstanding Shares Outstanding n/a Close	111.92M
Shares Change (YoY) Shares Change (YoY) n/a Close	0.94%
Shares Change (QoQ) Shares Change (QoQ) n/a Close	0.07%
Owned by Institutions (%) Owned by Institutions (%) n/a Close	99.99%
Shares Floating Shares Floating n/a Close	106.73M
Failed to Deliver (FTD) Shares Failed to Deliver (FTD) Shares n/a Close	941
FTD / Avg. Volume FTD / Avg. Volume n/a Close	0.07%

Short Selling Information

The latest short interest is 10.19M, so 9.11% of the outstanding shares have been sold short.

Short Interest Short Interest n/a Close	10.19M
Short % of Shares Out Short % of Shares Out n/a Close	9.11%
Short % of Float Short % of Float n/a Close	10.36%
Short Ratio (days to cover) Short Ratio (days to cover) n/a Close	9.07

Valuation Ratios

The PE ratio is -51.8 and the forward PE ratio is 136.97. Varonis Systems's PEG ratio is 7.94.

PE Ratio PE Ratio n/a Close	-51.8
Forward PE Forward PE n/a Close	136.97
PS Ratio PS Ratio n/a Close	9
Forward PS Forward PS n/a Close	6.6
PB Ratio PB Ratio n/a Close	10.89
P/FCF Ratio P/FCF Ratio n/a Close	45.72
PEG Ratio PEG Ratio n/a Close	7.94

Financial Ratio History

Enterprise Valuation

Currently the Enterprise Value (EV) is not available for Varonis Systems.

EV / Sales EV / Sales n/a Close	n/a
EV / EBITDA EV / EBITDA n/a Close	n/a
EV / EBIT EV / EBIT n/a Close	n/a
EV / FCF EV / FCF n/a Close	n/a

Financial Position

The company has a current ratio of 1.19, with a Debt / Equity ratio of 1.66.

Current Ratio Current Ratio n/a Close	1.19
Quick Ratio Quick Ratio n/a Close	1.19
Debt / Equity Debt / Equity n/a Close	1.66
Debt / EBITDA Debt / EBITDA n/a Close	-11.87
Debt / FCF Debt / FCF n/a Close	6.95
Interest Coverage Interest Coverage n/a Close	-17.52

Financial Efficiency

Return on Equity is n/a and Return on Invested Capital is n/a.

Return on Equity Return on Equity n/a Close	n/a
Return on Assets Return on Assets n/a Close	n/a
Return on Invested Capital Return on Invested Capital n/a Close	n/a
Revenue Per Employee Revenue Per Employee n/a Close	$228,990.02
Profits Per Employee Profits Per Employee n/a Close	$-39,802.58
Employee Count Employee Count n/a Close	2,406
Asset Turnover Asset Turnover n/a Close	0.33
Inventory Turnover Inventory Turnover n/a Close	n/a

Taxes

Income Tax Income Tax n/a Close	12.76M
Effective Tax Rate Effective Tax Rate n/a Close	-15.37%

Stock Price Statistics

The stock price has increased by 14.48% in the last 52 weeks. The beta is 0.76, so Varonis Systems's price volatility has been higher than the market average.

Beta Beta n/a Close	0.76
52-Week Price Change 52-Week Price Change n/a Close	14.48%
50-Day Moving Average 50-Day Moving Average n/a Close	44.75
200-Day Moving Average 200-Day Moving Average n/a Close	47.71
Relative Strength Index (RSI) Relative Strength Index (RSI) n/a Close	62.49
Average Volume (20 Days) Average Volume (20 Days) n/a Close	1,390,614

Income Statement

In the last 12 months, Varonis Systems had revenue of 550.95M and earned -95.77M in profits. Earnings per share was -0.86.

Revenue Revenue n/a Close	550.95M
Gross Profit Gross Profit n/a Close	457.1M
Operating Income Operating Income n/a Close	-117.65M
Net Income Net Income n/a Close	-95.77M
EBITDA EBITDA n/a Close	-63.58M
EBIT EBIT n/a Close	-76.29M
Earnings Per Share (EPS) Earnings Per Share (EPS) n/a Close	-0.86

Full Income Statement

Balance Sheet

The company has 185.59M in cash and 754.41M in debt, giving a net cash position of -568.82M.

Cash & Cash Equivalents Cash & Cash Equivalents n/a Close	185.59M
Total Debt Total Debt n/a Close	754.41M
Net Cash Net Cash n/a Close	-568.82M
Retained Earnings Retained Earnings n/a Close	-740.15M
Total Assets Total Assets n/a Close	1.58B
Working Capital Working Capital n/a Close	107.98M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 115.2M and capital expenditures -6.69M, giving a free cash flow of 108.51M.

Operating Cash Flow Operating Cash Flow n/a Close	115.2M
Capital Expenditures Capital Expenditures n/a Close	-6.69M
Free Cash Flow Free Cash Flow n/a Close	108.51M
FCF Per Share FCF Per Share n/a Close	0.97

Full Cash Flow Statement

Margins

Gross margin is 82.97%, with operating and profit margins of -21.35% and -17.38%.

Gross Margin Gross Margin n/a Close	82.97%
Operating Margin Operating Margin n/a Close	-21.35%
Pretax Margin Pretax Margin n/a Close	-15.07%
Profit Margin Profit Margin n/a Close	-17.38%
EBITDA Margin EBITDA Margin n/a Close	-11.54%
EBIT Margin EBIT Margin n/a Close	-21.35%
FCF Margin FCF Margin n/a Close	19.69%

Dividends & Yields

VRNS does not appear to pay any dividends at this time.

Dividend Per Share Dividend Per Share n/a Close	n/a
Dividend Yield Dividend Yield n/a Close	n/a
Dividend Growth (YoY) Dividend Growth (YoY) n/a Close	n/a
Payout Ratio Payout Ratio n/a Close	n/a
Earnings Yield Earnings Yield n/a Close	n/a
FCF Yield FCF Yield n/a Close	n/a

Dividend Details

Analyst Forecast

The average price target for VRNS is $58, which is 18.3% higher than the current price. The consensus rating is "Buy".

Price Target Price Target n/a Close	$58
Price Target Difference Price Target Difference n/a Close	18.3%
Analyst Consensus Analyst Consensus n/a Close	Buy
Analyst Count Analyst Count n/a Close	17

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value Lynch Fair Value n/a Close	n/a
Lynch Upside Lynch Upside n/a Close	n/a
Graham Number Graham Number n/a Close	n/a
Graham Upside Graham Upside n/a Close	n/a

Stock Splits

The last stock split was on Mar 15, 2021. It was a forward split with a ratio of 3:1.

Last Split Date Last Split Date n/a Close	Mar 15, 2021
Split Type Split Type n/a Close	forward
Split Ratio Split Ratio n/a Close	3:1

Scores

Altman Z-Score Altman Z-Score n/a Close	2.16
Piotroski F-Score Piotroski F-Score n/a Close	2