Varonis Systems Inc. (VRNS) exhibits 78.8% gross margins and -15.3% return on invested capital within Technology (Computer Software: Prepackaged Software), balanced against a 24.0x enterprise multiple and 8.0% implied options volatility.
Sustained 78.8% gross profitability converts into -23.5% operating margin and -15.3% ROIC, outpacing sector cost of capital.
ROIC: -15.3% // GM: 78.8%YoY revenue trajectory of +4.4% paired with 2.40% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +4.4% // FCF YLD: 2.40%Altman Z-Score of 3.74 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 3.74 // F-SCORE: 7/9Trading at 24.0x trailing P/E (26.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: —Options market prices a ±8.0% implied move with a 0.77 put/call ratio around $48.00 max pain.
IMPL MOVE: ±8.0% // P/C: 0.77Elevated industry capital intensity and customer concentration in Computer Software: Prepackaged Software require continuous execution to defend -20.7% net margins.
NET MARGIN: -20.7% // D/E: 0.60x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for VRNS & activate live FRED threshold breach alerts.