Shares of data security company Varonis Systems (NASDAQ:VRNS) fell 45.5% in the afternoon session after the company posted disappointing third-quarter results and cut its full-year guidance. For the third quarter, Varonis reported revenue of $161.6 million, falling short of Wall Street's expectations. While its adjusted earnings per share of $0.06 slightly beat forecasts, this was overshadowed by weakness elsewhere. The company's outlook particularly concerned investors, as its fourth-quarter revenue guidance of $168 million came in below analysts' projections. Compounding the issue, Varonis slashed its full-year adjusted earnings per share guidance by 26.5%. The combination of a current revenue miss and a weaker-than-expected forecast for future revenue and profit prompted the sharp sell-off.
Stay up-to-date with the latest market trends in the middle of the day on Wednesday. Explore the top gainers and losers during today's session in our detailed report.
Data security company Varonis Systems (NASDAQ:VRNS) fell short of the markets revenue expectations in Q3 CY2025, but sales rose 9.1% year on year to $161.6 million. Next quarter’s revenue guidance of $168 million underwhelmed, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.
As the regular session of the US market on Tuesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
Data security company Varonis Systems (NASDAQ:VRNS) fell short of the market’s revenue expectations in Q3 CY2025, but sales rose 9.1% year on year to $161.6 million. Next quarter’s revenue guidance of $168 million underwhelmed, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.
The stocks featured in this article have all approached their 52-week highs.
When these price levels hit, it typically signals strong business execution, positive market sentiment, or significant industry tailwinds.
A number of stocks jumped in the afternoon session after positive news on corporate earnings, easing political and trade tensions, and optimism about future interest rate cuts all converged to lift investor sentiment.
