Blackstone is leading a $400 million investment in data-security firm Cyera that values the New York-based company at $9 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. ...

Economic Indicators - U.S. Personal Spending and Personal Income for September are expected to rise by +0.3% month-over-month, down from +0.6% and +0.4% in August respectively [1] - The core PCE price index for September is forecasted to remain at +0.2% month-over-month and +2.9% year-over-year, unchanged from August [2] - Initial jobless claims fell by -27K to a three-year low of 191K, compared to the expected 219K [3] Stock Market Performance - Wall Street's major indices closed mixed, with notable declines in chip stocks like Intel, which fell over -7%, and Snowflake, which dropped over -11% due to disappointing Q4 guidance [4] - Dollar General surged over +14% after reporting better-than-expected Q3 results and raising its full-year guidance [4] - December S&P 500 E-Mini futures are trending up +0.16%, approaching a new all-time high [5] Consumer and Credit Data - The U.S. Consumer Credit is expected to be $11.8 billion in October, down from $13.1 billion previously [6] - The University of Michigan's Consumer Sentiment Index is anticipated to rise to 52.0 in December from 51.0 in November [5] European Market Insights - The Euro Stoxx 50 Index increased by +0.26%, supported by optimism over a potential Fed rate cut [8] - Germany's factory orders rose by +1.5% month-over-month in October, exceeding expectations of +0.3% [9] - Eurozone GDP grew by +0.3% quarter-over-quarter and +1.4% year-over-year in Q3, matching expectations [9] Asian Market Developments - China's Shanghai Composite Index closed up +0.70%, driven by optimism in the chip sector and a rally in insurance stocks [10] - Japan's Nikkei 225 Index fell due to disappointing household spending data, which dropped -3.5% month-over-month [11][12] - Japan's leading economic indicators index rose to a 17-month high, indicating a positive outlook despite current challenges [11] Corporate News - Rubrik's stock jumped over +19% in pre-market trading after strong Q3 results and above-consensus Q4 guidance [13] - Ulta Beauty climbed more than +5% following stronger-than-expected Q3 results and an increase in full-year guidance [14] - Hewlett Packard Enterprise's stock fell over -9% after reporting weaker-than-expected FQ4 revenue [14]

Varonis Systems, Inc. (NASDAQ:VRNS) is one of the 12 oversold global stocks to invest in. Shares Fall, Yet Analysts See Opportunity in Oversold Varonis Systems (VRNS) On November 19, Varonis Systems, Inc. (NASDAQ:VRNS) was reported to have reached its 52-week low of $32.01. The company’s share price has declined 27.19% so far in 2025 and 35.18% over the past year as of November 26. This share price plunge reflects a challenging period for the company. The decline began following Varonis Systems, Inc. (N ...

Core Insights - Rubrik Inc. (NYSE:RBRK) is recognized as a promising stock with significant upside potential, particularly following the announcement of two new offerings aimed at enhancing cyber resilience for enterprises [1] Group 1: New Offerings - Rubrik introduced the Intelligent Business Recovery for Microsoft 365, which enhances traditional data recovery methods by providing automated, business-aware recovery that restores critical users and their associated data across Microsoft 365 applications [2] - The DevOps Protection for Azure DevOps & GitHub addresses the need to protect intellectual property and artifacts within modern DevOps platforms, which are increasingly targeted by cyberattacks. This offering aims to secure the entire software and AI development lifecycle [3] Group 2: Company Overview - Rubrik Inc. provides data security solutions globally, serving various sectors including financial, retail, transportation, energy, healthcare, technology, and public sectors [4]

【环球网科技报道 记者 李文瑶】在人工智能浪潮席卷千行百业、算力网络加速构建的今天，数据要素已成为驱动数字经济的核心引擎。然而，数据在跨域 流通、协同计算过程中如何实现"可用不可见""可控可计量"，始终是横亘在规模化应用前的安全天堑。传统的"补丁式"安全防护，在复杂的跨主体、高价值 数据协作场景中愈发显得力不从心。 "通过'立体密算体系'，我们已经看到了三大转变正在发生，我们的安全体系由以人为本转变为技术为纲，由单点防御转变为体系化的防御，由经验驱动的 被动防御转变为理论闭环的主动防御机制。"曙光云副总裁孙会首在接受记者采访时如是说。这背后，是曙光云联合多家顶尖科研机构与行业伙伴，发布"立 体密算体系"，旨在打造可信智能世界的新基础设施。 从 " 被动补丁 " 到 " 主动免疫 " ：安全范式的根本性跃迁 当前，数据安全领域充斥着各类概念：隐私计算、机密计算、可信计算……它们之间究竟有何区别？为何需要提出"立体密算"这一新体系？ "立体密算与当前主流机密计算的核心区别，在于从单点技术架构到体系性内生安全的范式跃迁。"曙光云总裁助理李明达指出，"主流机密计算核心在于依 托CPU硬件在不可信的环境中创建一个孤立的 ...

Core Insights - Varonis Systems, Inc. has announced the integration of its Data Security Platform Management (DSPM) with Microsoft Purview, enhancing visibility into sensitive data across various platforms [1][2] - The integration aims to support organizations in safely adopting AI applications by providing increased visibility into sensitive data accessed by these tools, addressing the challenges posed by data growth and sprawl [2][3] - This collaboration is designed to eliminate blind spots, strengthen risk posture, and simplify security operations, allowing customers to manage data risks more effectively [3] Company Overview - Varonis is recognized as a leader in data security, focusing on discovering and classifying critical data, removing exposures, and detecting advanced threats through AI-powered automation [4] - The company provides a range of security solutions, including data security posture management (DSPM), data classification, data access governance (DAG), and more, catering to various environments such as SaaS, IaaS, and hybrid cloud [5] - Varonis emphasizes a proactive approach to data protection, prioritizing data security in its operations [6]

Company Overview - Varonis Systems, Inc. is a data security firm that specializes in protecting and managing sensitive data across both on-premises and cloud environments through threat detection, access control, and compliance automation [3]. Allegations and Financial Performance - On October 28, 2025, Varonis Systems reported Q3 results that fell short of expectations, with term license subscriptions, which account for 15.4% of total revenues, decreasing by 63.9% to $24.8 million [4]. - Maintenance and services, representing 9.1% of total revenues, declined by 49.1% to $10.9 million [4]. - The company revised its annual recurring revenue (ARR) forecast downward, attributing this to weak on-premises subscriptions and sales issues [4]. - Following the announcement of these results, Varonis stock experienced a significant drop of 48.67%, closing at $32.34 per share on October 29, 2025 [4]. Legal Investigation - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving Varonis Systems, stemming from allegations of providing misleading business information to the investing public [1][4].

Financial Data and Key Metrics Changes - The company reported an 18% year-over-year increase in Annual Recurring Revenue (ARR), reaching $718.6 million [4][19] - Total revenues for Q3 were $161.6 million, reflecting a 9% year-over-year growth [19] - SaaS revenues accounted for $125.8 million, while term license subscription revenues were $24.8 million, and maintenance and services revenues were $10.9 million [19] - Gross profit for Q3 was $128.3 million, resulting in a gross margin of 79.4%, down from 85% in Q3 2024 [19] - Net income for Q3 was $8.4 million, or $0.06 per diluted share, compared to $13.8 million, or $0.10 per diluted share in Q3 2024 [20] Business Line Data and Key Metrics Changes - The SaaS business now represents 76% of total company ARR, indicating a successful transition to SaaS completed ahead of schedule [4][16] - The on-premises subscription business has underperformed, particularly in the federal sector, leading to a reduction in team size and a more conservative outlook for renewals [5][16] Market Data and Key Metrics Changes - The company experienced weaker-than-expected renewals in both federal and non-federal on-premises subscription businesses during the final weeks of Q3 [5][17] - The federal business has historically contributed around 5% of total ARR, and recent renewals in this segment have faced challenges [78] Company Strategy and Development Direction - The company plans to end-of-life its self-hosted solution by December 31, 2026, to focus entirely on its SaaS offerings [5][16] - Investments in partnerships, particularly with Microsoft, and acquisitions like Cyro and SlashNext are expected to enhance the company's product offerings and market position [10][54] - The company aims to capitalize on the growing demand for data security solutions, especially in the context of AI and cloud environments [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with the on-prem business performance but remains optimistic about the strong demand for the SaaS platform [15][23] - The company is taking steps to manage expenses, including a 5% reduction in headcount, to reallocate resources effectively [6][23] - Future guidance has been adjusted to reflect conservatism due to recent performance issues, particularly in the on-premises segment [17][23] Other Important Information - The company generated $111.6 million of free cash flow year-to-date, up from $88.6 million in the same period last year [19] - A $115 million share repurchase program has been authorized by the board, supported by a strong balance sheet with over $1 billion in liquidity [23] Q&A Session Summary Question: What led to the decision to reduce the federal team? - The company lacks empirical evidence to justify continued investment in the federal sector due to ongoing underperformance, prompting a reevaluation of strategy [26] Question: What were the reasons for the lower on-prem renewals? - There was no single theme identified; issues included account management and a lack of comprehensive engagement with on-prem customers [28][44] Question: How does the company plan to address the non-renewal of on-prem customers? - The company is focusing on improving account management and ensuring that customers understand the value of transitioning to SaaS [28][44] Question: What is the expected contribution from recent acquisitions? - The company anticipates that acquisitions like SlashNext and Cyro will enhance its product offerings and contribute positively to growth [54] Question: Is there a risk of alienating customers with the push to migrate to SaaS? - The company believes that moving to SaaS is essential for operational efficiency and customer value, despite potential concerns from some customers [58][60]

Core Insights - Varonis Systems, Inc. reported an 18% year-over-year increase in annual recurring revenues (ARR), reaching $718.6 million as of September 30, 2025 [6] - The company's SaaS ARR constituted approximately 76% of total ARR, reflecting strong demand for its SaaS platform [2][6] - The company generated $122.7 million in cash from operations year-to-date, compared to $90.9 million in the previous year [6] - Free cash flow for the year-to-date was $111.6 million, up from $88.6 million in the prior year [6] - Varonis announced a $150 million share repurchase authorization [6] Financial Performance - Total revenues for the third quarter were $161.6 million, compared to $148.1 million in the same quarter of 2024 [5] - SaaS revenues increased significantly to $125.8 million from $57.8 million year-over-year [5] - Term license subscription revenues decreased to $24.8 million from $68.8 million, primarily due to customer transitions to the SaaS platform [5] - Maintenance and services revenues also declined to $10.9 million from $21.5 million, again attributed to the shift to SaaS [5] - The GAAP operating loss was $35.9 million, compared to a loss of $23.6 million in the third quarter of 2024 [5] Business Developments - The company acquired SlashNext, enhancing its email security capabilities with AI-driven solutions [6] - Varonis launched new products, including Varonis Interceptor for email security and Next-Gen Database Activity Monitoring (DAM) for database security [6] - The company introduced AI identity protection for Salesforce Agentforce, improving visibility and control over data accessed by AI agents [6] Guidance and Outlook - Varonis has reduced its full-year ARR guidance due to lower-than-expected renewals in the Federal vertical and non-Federal on-prem subscription business [7] - The company anticipates a lower renewal rate for its on-prem subscription business in the fourth quarter [7]

Core Viewpoint - Varonis Systems, Inc. has authorized a share repurchase program for up to $150.0 million of its common stock, expected to be completed within the next 12 months [1][2]. Company Overview - Varonis is a leader in data security, focusing on protecting critical data through its cloud-native Data Security Platform, which utilizes AI-powered automation to discover, classify, and secure data [4][5]. - The company provides a range of security solutions, including data security posture management, data classification, data access governance, and more, to thousands of organizations globally [5]. Share Repurchase Program Details - The share repurchase will be conducted through open market purchases, privately-negotiated transactions, and in compliance with federal securities laws, including Rule 10b5-1 and Rule 10b-18 [2]. - The timing and number of shares repurchased will depend on Varonis' trading windows, available liquidity, and overall market conditions [2].