U.S. Markets closed

Varonis: 4Q Earnings Snapshot

NEW YORK (AP) _ Varonis Systems Inc. (VRNS) on Monday reported a loss of $14.7 million in its fourth quarter.

On a per-share basis, the New York-based company said it had a loss of 48 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 9 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The data-management software company posted revenue of $72.6 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $72 million.

For the year, the company reported that its loss widened to $78.8 million, or $2.60 per share. Revenue was reported as $254.2 million.

For the current quarter ending in April, Varonis expects its results to range from a loss of 57 cents per share to a loss of 55 cents per share.

The company said it expects revenue in the range of $59 million to $60 million for the fiscal first quarter.

Varonis expects full-year results to range from a loss of 93 cents per share to a loss of 89 cents per share, with revenue ranging from $286 million to $292 million.

Varonis shares have increased 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $92.20, a rise of 47% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRNS at https://www.zacks.com/ap/VRNS