Varonis Systems Inc
VRNS: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Vcc | LOCK|h& | LOCK|z??N!Ft |
Varonis Earnings: Strong Execution on Model Transition Continues With Transition Set to Accelerate
Varonis reported solid financial results to close 2024. While annual comparisons remain affected by Varonis' transition to a cloud-based software-as-a-service model, the transition itself appears to be going well, with SaaS constituting 53% of the annual recurring revenue, up from 23% last year.
