Bloomberg Reports VRNS in Takeover Conversations; Right Move to go Private?

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Bloomberg Reports VRNS in Takeover Conversations; Right Move to go Private?

Company Report

June 23, 2026 Varonis Systems (VRNS)

Rating: Bloomberg Reports VRNS in Takeover Conversations; RightOUTPERFORM Move to go Private?Price:

$32.71

12-Month Price Target: Varonis Systems is trading higher on reports that the company is weighing a sale of

$37.00 its business after receiving takeover interest. According to Bloomberg, the company

is working with advisers as it fields interest from financial buyers including private

equity giants Blackstone, Thoma Bravo, and Vista Equity Partners. The takeoverAnalysts

would come after the company saw its stock price plunge 30% at the start ofDan Ives

(212) 344-2073 this year as the company saw increased competition for AI labs Anthropic and

Dan.Ives@wedbush.com OpenAI when both organizations launched their own vulnerability detection and

Sam Brandeis patching for cybersecurity which were feared to disrupt the company’s SaaS-based

(212) 222-3005 model approach. These new AI tools from OpenAI and Anthropic were additional

sam.brandeis@wedbush.com competitive risks along with major platform providers PANW and CRWD, which

Steven Wahrhaftig would add increased pressure to the company’s ability to win deals at current(212) 931-7059

steven.wahrhaftig@wedbush.com pricing levels. Despite the recent stock activity, VRNS still trades at a lower multiple

Anish Jog versus its cyber peers with VRNS trading at ~3.9x 2027 EV/Revs while the rest of the

(917) 747-3095 industry trades at ~7.3x 2027 EV/Revs multiple pointing to the undervalued nature

anish.jog@wedbush.com of the company making it a prime acquisition candidate from financial buyers. Each

Matthew Ricapito of the private equity names have extensive software and cybersecurity portfolios