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Divergence05STOCKS2026-05-02

VRNS beats Q1 EPS by 213% and raises guidance, yet FY consensus still shows 20 cuts and zero upgrades

  • Varonis reported Q1 2026 EPS of $0.06, beating the consensus estimate by 213%, with revenue up 26.9% year-on-year to $173.1 million; the company raised full-year guidance.
  • Despite the beat and raised outlook, analysts have made 20 FY EPS cuts and zero upgrades in the last 7 days — the forward consensus has not yet caught up to management's guidance.
  • The stock closed at $25.44 on Apr 28 on 1.57x its 20-day average volume, still 60% below its 52-week high of $63.90, illustrating how far sentiment has fallen from its peak.

Supporting queries

To surface this insight, Baselight ran 11 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.

Conclusion

news (Zacks Apr 28: +213.42% EPS surprise, +4.54% revenue surprise; full-year guidance raised); eps_revisions (0y: 0 up, 20 down; +1q: 0 up, 14 down; snapshot Apr 29); daily_prices (close Apr 28 = $25.44; volume 3.56M vs 20d avg 2.26M; 52w range $19.70–$63.90).

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