Varonis Systems, Inc. (VRNS) in New York City is a data security and analytics provider. The company’s software products and services allow enterprises to manage, analyze, alert, and secure enterprise data. It is focused on protecting enterprise data, including sensitive files and emails; confidential customer, patient, and employee data; financial records; strategic and product plans; and other intellectual property.
VRNS’ revenue increased 29% year-over-year in its last reported quarter, beating analysts’ $95.98 million estimate. The company has forecasted its full-year revenue to be between $485 million and $490 million. The low end of the company’s revenue guidance for fiscal 2022 falls short of analysts’ $489.30 million estimate. This can be attributed to a write-off of its Russia business, which is expected to hamper its revenue and annual recurring revenues.
