Varonis: 4Q Earnings Snapshot

NEW YORK (AP) _ Varonis Systems Inc. (VRNS) on Monday reported a loss of $19 million in its fourth quarter.

On a per-share basis, the New York-based company said it had a loss of 60 cents. Earnings, adjusted for stock option expense and pretax expenses, came to 34 cents per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The data-management software company posted revenue of $95.2 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $84 million.

For the year, the company reported that its loss widened to $94 million, or $2.99 per share. Revenue was reported as $292.7 million.

For the current quarter ending in April, Varonis expects its results to range from a loss of 41 cents per share to a loss of 39 cents per share.

The company said it expects revenue in the range of $68 million to $69.5 million for the fiscal first quarter.

Varonis expects full-year results to range from a loss of 16 cents per share to earnings of 3 cents per share, with revenue ranging from $357 million to $366 million.

Varonis shares have increased 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $183.18, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRNS at https://www.zacks.com/ap/VRNS