Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Varonis Systems, Inc. securities, alleging that the company made materially false and misleading statements regarding its business operations and growth potential during the specified Class Period from February 4, 2025, to October 28, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Varonis was unable to maintain its Annual Recurring Revenue (ARR) projections while transitioning existing customers to its software-as-a-service (SaaS) model [5]. - It is alleged that Varonis lacked the capability to convince existing users of the benefits of the SaaS offering, leading to a significant reduction in near-term ARR growth potential [5]. - The lawsuit asserts that the positive statements made by Varonis regarding its business and prospects were materially misleading and lacked a reasonable basis, resulting in investor damages when the true situation was revealed [5]. Group 2: Participation Information - Investors who purchased Varonis securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the Court by March 9, 2026, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].

Company Overview - Varonis Systems, Inc. (NASDAQ:VRNS) provides software products and services that protect both unstructured and structured data across IaaS, SaaS, and on-premises environments, serving various industries including healthcare, technology, financial services, manufacturing, and education [3]. Investment Outlook - Citi analyst Fatima Boolani reiterated a Hold rating for Varonis Systems while lowering the price target from $40 to $37, indicating a potential upside of 5.96% from current levels [1]. - The firm has initiated a "downside 90-day catalyst watch" on Varonis due to intensifying competitive pressures in the data security market, which may pose risks to the company's upcoming earnings report [1]. Market Trends - The cybersecurity sector is experiencing increasing demand driven by artificial intelligence, with expectations of improving deal sizes and broad optimism around short-term cybersecurity spending [2]. - Cantor Fitzgerald anticipates that identity, cloud, and AI security will be the fastest-growing areas within the security and infrastructure software sector [2].

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. on behalf of investors who acquired Varonis securities during the specified class period, highlighting concerns over the company's financial disclosures and performance [1][3]. Company Summary - Varonis Systems, Inc. is a global security company based in Miami, Florida, specializing in software products that utilize AI technologies to detect advanced security threats [2]. - The company reported a significant miss in annual recurring revenue (ARR) and reduced its guidance for the full fiscal year 2025, attributing this to weaker than expected customer renewals and conversions in its subscription business [3]. Financial Impact - Following the announcement of disappointing financial results on October 28, 2025, Varonis' stock price plummeted from $63.00 to $32.34 per share, marking a decline of $30.66 per share, or over 48%, in just one day [4].

Core Viewpoint - The Varonis Systems, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its revenue outlook and growth potential, leading to significant stock price declines [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Molchanov v. Varonis Systems, Inc., and covers purchasers of Varonis common stock from February 4, 2025, to October 28, 2025, with a deadline of March 9, 2026, for lead plaintiff applications [1][5]. - Allegations include that Varonis executives created a false impression of reliable revenue projections while downplaying risks associated with seasonality and macroeconomic factors [3]. - On October 28, 2025, Varonis reported third-quarter results that significantly missed projections, leading to a nearly 49% drop in stock price [4]. Group 2: Company Background - Varonis provides software products and services focused on data security and analytics [2]. - The company has been criticized for its inability to maintain annual recurring revenue growth without high quarterly conversion rates [3].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Varonis Systems, Inc. securities, alleging that the company made materially false and misleading statements regarding its business operations and growth potential during the specified class period from February 4, 2025, to October 28, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Varonis was unable to maintain its Annual Recurring Revenue (ARR) projections while transitioning existing on-prem customers to a software-as-a-service (SaaS) model [5]. - It is alleged that Varonis lacked the capability to convince existing users of the benefits of the SaaS offering, leading to a significant reduction in near-term ARR growth potential [5]. - The lawsuit asserts that the positive statements made by Varonis regarding its business and prospects were materially misleading and lacked a reasonable basis, resulting in investor damages when the true situation was revealed [5]. Group 2: Participation Information - Investors who purchased Varonis securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the court by March 9, 2026, to represent other class members in the litigation [1][3].

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the Class Period from February 4, 2025, to October 28, 2025 [2][6]. Allegation Details - The complaint alleges that Varonis failed to disclose that it was not adequately positioned to sustain its Annual Recurring Revenue (ARR) growth without maintaining a high rate of quarterly conversions [6]. - The lawsuit claims that positive statements made by the company regarding its business were misleading and lacked a reasonable basis [6]. Financial Performance - On October 28, 2025, Varonis reported third-quarter financial results that missed consensus estimates, including a significant 63.9% year-over-year decline in term license subscription revenues [6]. - The company reduced its full-year ARR guidance due to underperformance in its on-prem subscription business, which was described as a "drag on total company ARR growth" by the CEO [6]. Stock Price Impact - Following the release of disappointing financial results, Varonis's stock price fell by $30.66, or 48.7%, closing at $32.34 per share on October 29, 2025, resulting in significant losses for investors [6].

Core Viewpoint - Investors in Varonis Systems, Inc. have the opportunity to lead a securities fraud class action lawsuit due to alleged misleading statements regarding the company's ability to sustain its annual recurring revenue (ARR) growth trajectory [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that from February 4, 2025, to October 28, 2025, Varonis failed to disclose its inability to maintain a high rate of quarterly conversions necessary for continued ARR growth [2]. - Defendants' positive statements about Varonis' business operations and prospects were claimed to be materially misleading and lacked a reasonable basis during the relevant period [2]. Group 2: Participation Information - Investors who suffered losses related to Varonis Systems, Inc. are encouraged to participate in the ongoing securities fraud lawsuit, with a lead plaintiff deadline set for March 9, 2026 [2]. - Interested parties can contact the Law Offices of Frank R. Cruz for more information or to participate in the class action [3][4].

Core Viewpoint - A securities class action lawsuit has been filed against Varonis Systems, Inc. for alleged investment losses incurred by investors who purchased or acquired Varonis common stock between February 4, 2025, and October 28, 2025 [1][6]. Group 1: Lawsuit Details - The lawsuit claims that Varonis made false and misleading statements and failed to disclose critical information regarding its ability to sustain its Annual Recurring Revenue (ARR) growth without maintaining a high rate of quarterly conversions [2]. - The lead plaintiff deadline for the lawsuit is set for March 9, 2026, allowing affected investors to seek representation [3][6]. Group 2: Legal Representation - Kessler Topaz Meltzer & Check, LLP is the law firm representing the class of investors and encourages those who suffered significant losses to contact them for more information [4][5]. - The firm has a strong reputation in securities-fraud class actions and has achieved notable recoveries in past litigations [5]. Group 3: Affected Investors - The class period for the lawsuit is defined as February 4, 2025, through October 28, 2025, during which investors are seeking recovery for material misstatements and omissions [6]. - Investors can choose to be appointed as lead plaintiffs or remain absent class members, with the ability to share in any recovery not affected by their decision [3].

Core Viewpoint - Varonis Systems, Inc. is facing a federal securities class action due to allegations of misleading statements regarding its business performance and growth potential, particularly in its transition to a SaaS model [5][6]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi, LLP is investigating potential claims against Varonis and has set a deadline of March 9, 2026, for investors to seek the role of lead plaintiff in the class action [2]. - The complaint alleges that Varonis and its executives made false and misleading statements about the company's ability to convert its customer base, which led to inflated stock prices [5]. Group 2: Financial Performance and Stock Impact - On October 28, 2025, Varonis reported third-quarter results that significantly missed its Annual Recurring Revenue (ARR) targets and lowered its full-year guidance due to weaker renewals and conversions [6]. - Following the announcement, Varonis' stock price plummeted from $63.00 to $32.34 per share, marking a decline of approximately 48.67% in just one day [7]. Group 3: Company Background - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [4].

Core Viewpoint - A securities class action lawsuit has been filed against Varonis Systems, Inc. and certain executives, representing investors who acquired Varonis common stock between February 4, 2025, and October 28, 2025, following a significant drop in share price due to disappointing financial results and guidance [1][2]. Company Performance - Varonis reported weaker than expected renewals and conversions from its on-premises subscription business to its software-as-a-service (SaaS) model, leading to a significant downward revision of its annual recurring revenue (ARR) [2][5]. - The company's Q3 2025 financial results missed both its own and consensus estimates, prompting a reduction in Q4 revenue and 2025 ARR guidance [5]. Market Reaction - Following the announcement of disappointing results, Varonis shares plummeted approximately 48%, resulting in a loss of about $3.8 billion in market capitalization the next day [6]. Allegations of Misrepresentation - The lawsuit alleges that Varonis misled investors by making overly positive statements about its ability to convert on-prem customers to SaaS, while failing to disclose critical information regarding its actual conversion capabilities [4]. - The complaint claims that Varonis was not adequately prepared to transition its existing on-prem customers to the SaaS model, which adversely affected its ARR growth potential [4].