VRNS
Varonis Systems Inc. Technology - Cybersecurity Investor Relations →
Varonis Systems Inc. (VRNS) closed at $22.65 as of 2026-02-02, trading 41.9% below its 200-week moving average of $38.97. This places VRNS in the extreme value zone. The stock is currently moving closer to the line, down from -23.6% last week. The 14-week RSI sits at 31, indicating neutral momentum.
Over the past 575 weeks of data, VRNS has crossed below its 200-week moving average 9 times. On average, these episodes lasted 18 weeks. Historically, investors who bought VRNS at the start of these episodes saw an average one-year return of +12.0%.
With a market cap of $2.7 billion, VRNS is a mid-cap stock. The company generates a free cash flow yield of 8.1%, which is notably high. Return on equity stands at -24.5%. The stock trades at 4.5x book value.
Share count has increased 9.2% over three years, indicating dilution.
Over the past 11.1 years, a hypothetical investment of $100 in VRNS would have grown to $220, compared to $395 for the S&P 500. VRNS has returned 7.4% annualized vs 13.2% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 552.4% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: VRNS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After VRNS Crosses Below the Line?
Across 9 historical episodes, buying VRNS when it crossed below its 200-week moving average produced an average return of +17.2% after 12 months (median -23.0%), compared to +12.3% for the S&P 500 over the same periods. 33% of those episodes were profitable after one year. After 24 months, the average return was +65.8% vs +32.4% for the index.
Each line shows $100 invested at the moment VRNS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
VRNS has crossed below its 200-week MA 9 times with an average 1-year return of +12.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2015 | Apr 2015 | 4 | 9.7% | -35.2% | +149.4% |
| May 2015 | May 2016 | 55 | 39.5% | +3.3% | +242.0% |
| Mar 2020 | Apr 2020 | 1 | 0.4% | +201.9% | +28.5% |
| Jan 2022 | Jan 2022 | 1 | 2.8% | -20.6% | -32.7% |
| May 2022 | Nov 2023 | 80 | 56.6% | -33.2% | -34.3% |
| Feb 2025 | Feb 2025 | 1 | 1.2% | -44.2% | -44.2% |
| Mar 2025 | Mar 2025 | 2 | 2.0% | N/A | -44.4% |
| Mar 2025 | Apr 2025 | 3 | 5.8% | N/A | -41.0% |
| Oct 2025 | Ongoing | 15+ | 41.9% | Ongoing | -35.7% |
| Average | 18 | — | +12.0% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02