Description

Varonis Systems, Inc.: Expansion to SaaS & Subscription Services As A Critical Growth Lever!

Investing in Varonis Systems, Inc. requires a thorough examination of its Q2 2024 financial
outcomes, strategic advancements, and prevailing market conditions. The discussion below offers
a balanced view of the company’s current standing and future prospects, focusing on both the
positive developments and the challenges faced. Varonis has shown notable progress in transitioning its business model to SaaS, with SaaS ARR now representing 36% of total ARR. The Managed Data Detection and Response (MDDR) offering, introduced in Q1, is a notable driver of new business, enhancing threat detection and incident response capabilities with minimal customer effort. An 18% year-over-year growth in ARR to $584.2 million and a significant improvement in free cash flow generation, from $40 million to $67.3 million year-to-date, reflect robust business health and efficient capital management.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!