Varonis Systems (VRNS) is higher after the company reported late Thursday that for Q3 ended Sept. 30, 2014, its loss matched analysts’ expectations, and revenue was better-than-expected; it also provided guidance for Q4 in line with forecasts. Shares are up 11.54% at $20.97 with a 52-week range of $17.50 – $56.80.
The provider of a software platform allowing enterprises to map, analyze, manage and migrate their unstructured data posted a Q3 GAAP net loss of $6.4 million or $0.26 loss per share, compared with the prior-year period’s $2.6 million or $0.66 loss per share. The non-GAAP net loss was $5.1 million or a $0.21 loss per share, versus $1.1 million or $0.06 loss per share in the same quarter the previous year. Revenue was $25.6 million, up 38.1% from $18.5 million in the same quarter last year. Analysts polled by Capital IQ were expecting a loss of $0.21 per share on revenues of $24.31 million. The company expects Q4 EPS of $0.02 – $0.06 on revenue of $33.2 million – $33.9. The Street view is for EPS of $0.06 on revenues of $33.56 million.
In other earnings news, First Solar (FSLR) dropped nearly 9% Friday after the solar panel maker reported Q3 sales of $889 million, below the analyst consensus of $1.058 billion on Capital IQ and adjusted EPS that fell short of analyst estimates. Q3 adjusted earnings, excluding a one-time tax benefit of $0.26 per share, totaled $0.61 per diluted share, falling short of the consensus of $0.64 per share. GAAP EPS was $0.87, vs. the Street view of GAAP EPS of $0.61 per share.
For the full year 2014, the company reaffirmed its EPS guidance of $2.40 to $2.80 per share and operating cash flow guidance of $300 to $500 million. The Street view is $3.60 per share. Sales are seen at $3.6 to $3.9 billion, vs. its previous view of $3.7 to $4.0 billion and in line with the consensus of $3.77 billion.