Chart Of The Day: Varonis Systems

Chart Of The Day: Varonis Systems – Who Knows?

Nov 22, 2023Jeremy ParkinsonFinance0

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The Chart of the Day belongs to the software company Varonis Systems (VRNS). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 10 / 17 the stock gained 16.66%. VRNS Price vs Daily Moving AveragesVaronis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees’ data; financial records; strategic and product plans; and other intellectual property. The company offers DatAdvantage which captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, Intranet servers, cloud applications, and data stores; and DatAlert that profiles users, devices, and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a Web-based dashboard and investigative interface. It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, as well as provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which offers a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention. In addition, the company provides Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers which offers search functionality for enterprise data. Varonis Systems, Inc. sells products and services through a network of distributors and resellers. The company serves IT, security, and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is based in New York, New York.Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:

100% technical buy signals

96.30+ Weighted Alpha

96.47% gain in the last year

Trend Seeker buy signal

Above its 20, 50, and 100-day moving averages

13 new highs and up 22.56% in the last month

Relative Strength Index 80.08%

Technical support level at $38.90

Recently traded at $37.49 with a 50-day moving average of $32.72

Fundamental Factors:

Market Cap $4.27 billion

Revenue is expected to grow 4.90% this year and another 9.60% next year

Earnings are estimated to increase 72.20% this year, an additional 12.90% next year, and continue to compound at an annual rate of 46.80% for the next 5 years

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analyst gave 8 strong buy, 4 buy, 9 hold, and 1 sell opinions on the stock

Analysts’ price targets are between $25 and $63 with price target that wide you can see why I wrote WHO KNOWS? in the tltle

The individual investors following the stock on Motley Fool voted 82 to 4 for the stock to beat the market with the more experienced investors voting 18 to 2 for the same result

Value Line rates it the highest rating of 1

CFRAs MarketScope rates it a hold

7,440 investors monitor the stock on Seeking Alpha

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