Stephens downgrades Varonis Systems stock to Equal Weight

Published on 10/27/2026 at 14:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 180.02 million, up 18.30 percent year over year. Varonis Systems stock costs EUR 43.98 on October 27, 2026.

Analyst action and operating growth

Stephens moved its Varonis rating to Equal Weight on October 27, 2026.
Second-quarter revenue reached USD 180.02 million, up 18.30 percent year over year.
Varonis Systems stock trades at EUR 43.98 at 2:20 p.m. CET at Lang & Schwarz on October 27, 2026.

VRNS, US9222801022, Illustration mit AI erstellt.

Varonis Systems (ISIN US9222801022) stock was trading at EUR 43.98 at Lang & Schwarz on October 27, 2026 at 2:20 p.m. CET. MarketBeat reported that Stephens downgraded the company from Overweight to Equal Weight on October 27, 2026.

Operating growth meets deal terms

The rating change came ahead of Varonis's next quarterly report. In the second quarter of 2026, revenue reached USD 180.02 million, up 18.30 percent from the same quarter a year earlier, according to MarketBeat. The quarter also produced earnings of USD 0.04 per share against a USD 0.01 consensus estimate.

What does the offer mean for valuation?

The strategic backdrop is the proposed acquisition by Proofpoint. The signed agreement dated October 15, 2026 sets cash consideration at USD 49.75 per share and values the transaction at USD 6.3 billion, according to the filed transaction materials carried by StockTitan. The agreement remains subject to stockholder and regulatory approvals, with completion expected in the first half of 2027.

Three dates shape the stock

On July 28, 2026, Varonis reported USD 180.02 million in second-quarter revenue; on October 15, 2026, it signed the USD 49.75-per-share Proofpoint agreement; and on October 27, 2026, Stephens shifted its rating to Equal Weight while MarketBeat cited an average analyst target of USD 50.89.

Reporting dates and transaction timing

Varonis is scheduled to release third-quarter 2026 results on November 3, 2026, after the U.S. market close, and the proposed transaction is expected to close in the first half of 2027, as stated in the filed materials from StockTitan.

Stock trades ahead of results

The current quotation leaves the market weighing operating growth against a fixed cash consideration and the conditions attached to the deal. The Nasdaq-listed company reported USD 180.02 million in second-quarter revenue, while the next scheduled report will provide the first full period of operating data after the acquisition announcement. The stock was trading at EUR 43.98 at Lang & Schwarz on October 27, 2026 at 2:20 p.m. CET. The further course of trading is shown by the continuously updated real-time quote of Varonis Systems stock.