Target
$47.88 → $47.56
Current stock research snapshot · 8/17/26 9 days old
VRNSVaronis Systems, Inc.
Investment conviction●●○○○2 of 5 · current snapshot
Research target$47.56Current stock price target
Investment thesis statusINTACTLast reviewed 8/17/26
Market cap$5.32BSnapshot value · 8/17/26
Research history
See all VRNS changes ↗What changed
Data Security Posture Management (DSPM) leader — detects insider threats, ransomware, and data exposure across hybrid cloud environments with AI-driven behavioral analytics
Next quarterly earnings (est. late July/early Aug 2026); continued DSPM tailwinds from data privacy regulations; potential AWS/Azure marketplace expansion
Thesis breaks if SaaS ARR growth decelerates below 30% before GAAP profitability (~$700M+ revenue needed), Microsoft adds cross-platform behavioral analytics to Purview collapsing the 40+ connector moat, or DSPM growth stalls. (vault 2026-08)
Neutral — Q2 beat with $180M rev (+18% YoY) and raised FY guide, but SaaS ARR ex-conversions decelerated to 25% (from 29% Q1); FCF down to $69.1M (Aug 28 analysis). [X search Aug 2026]
Snapshot · 8/17/26🟢 Confirmed · ins+$0.7M(2buy👥) · 13F 18+/7-×0.5 · short↓0.26 · 🔗align
Snapshot · 8/17/26