Core Viewpoint - A class action has been filed against Varonis Systems, Inc. for allegedly misleading investors about its business prospects and financial performance during the specified period [1][2]. Allegations - The complaint claims that Varonis misrepresented its revenue outlook and growth potential while downplaying risks associated with seasonality and macroeconomic factors [2]. - It is alleged that Varonis' optimistic reports regarding growth and cost-cutting measures did not reflect the reality of its sales effectiveness and ability to convert clients to its SaaS offerings [2]. Financial Impact - On October 28, 2025, Varonis reported third-quarter results that fell short of prior projections and subsequently lowered its full-year guidance [3]. - Following this announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share, marking a decline of approximately 48.67% in just one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by March 9, 2026, but participation is not required to be eligible for recovery [4]. - The representation in the class action is on a contingency fee basis, meaning shareholders will incur no fees or expenses [5].

Core Viewpoint - Varonis Systems, Inc. is facing a class action lawsuit due to significant financial underperformance and misleading statements made by the company's management regarding its business operations and growth prospects [4]. Financial Performance - On October 28, 2025, Varonis reported third quarter 2025 financial results, revealing revenue that fell short of consensus estimates, including a 63.9% year-over-year decline in term license subscription revenues [3]. - The company reduced its full-year Annual Recurring Revenues (ARR) guidance, attributing this to the underperformance of its on-prem subscription business [3]. - Following the earnings announcement, Varonis's stock price plummeted by $30.66, or 48.7%, closing at $32.34 per share on October 29, 2025 [3]. Lawsuit Details - The class action complaint alleges that during the Class Period, Varonis's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [4]. - Specifically, it is claimed that Varonis was not adequately prepared to sustain its ARR growth without maintaining a high rate of quarterly conversions, rendering positive statements about the company's prospects misleading [4]. Legal Participation - Investors who purchased Varonis common stock during the Class Period have until March 9, 2026, to file a lead plaintiff motion in the ongoing lawsuit [5].

Core Viewpoint - The Varonis Systems, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Molchanov v. Varonis Systems, Inc., and it involves purchasers of Varonis common stock from February 4, 2025, to October 28, 2025 [1]. - Investors have until March 9, 2026, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Varonis and its executives violated the Securities Exchange Act of 1934 by providing false information about the company's financial health [3]. Group 2: Allegations Against Varonis - The lawsuit claims that Varonis misrepresented its ability to maintain revenue growth and downplayed 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]. - CEO Yakov Faitelson attributed the shortfall to lower renewals in both Federal and non-Federal subscription businesses during the final weeks of the quarter [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Varonis stock during the class period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can choose a law firm to litigate the case [5]. - Participation as a lead plaintiff does not affect an investor's ability to share in any potential recovery from the lawsuit [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has been ranked 1 in the ISS Securities Class Action Services rankings for four out of the last five years [6]. - Robbins Geller has a significant history of obtaining large recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [6].

LOS ANGELES--(BUSINESS WIRE)--Varonis Systems, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – VRNS. ...

Core Viewpoint - Varonis Systems, Inc. is facing a federal securities class action due to allegations of misleading statements and failure to disclose material facts regarding its business performance, particularly in relation to its ability to convert existing customers to its SaaS offering [5][6]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi, LLP is investigating potential claims against Varonis and reminds investors of the March 9, 2026 deadline to seek the role of lead plaintiff in the class action [2]. - The complaint alleges that Varonis and its executives made false statements while concealing adverse facts about the company's ability to convert its customer base, leading to inflated stock prices [5][6]. Group 2: Financial Performance and Stock Impact - On October 28, 2025, Varonis reported a significant miss in Annual Recurring Revenue (ARR) and reduced its full-year guidance due to weaker than expected renewals and conversions [6]. - Following the announcement, Varonis' stock price plummeted from $63.00 to $32.34 per share, a decline of approximately 48.67% in one day [7]. Group 3: Company Background - Faruqi & Faruqi, LLP is a national securities law firm that has recovered hundreds of millions of dollars for investors since its establishment in 1995 [4].

Core Viewpoint - The Varonis Systems, Inc. is facing a class action lawsuit alleging that the company and its executives misled investors regarding its revenue outlook and growth potential, leading to significant financial losses for shareholders [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Molchanov v. Varonis Systems, Inc., and it involves purchasers of Varonis common stock from February 4, 2025, to October 28, 2025, with a deadline of March 9, 2026, for seeking lead plaintiff status [1]. - The lawsuit claims that Varonis provided a false impression of its financial health, 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: Allegations Against Varonis - The complaint alleges that Varonis's optimistic growth reports and cost-cutting measures were misleading, as the company struggled to maintain its annual recurring revenue growth without high quarterly conversion rates [3]. - CEO Yakov Faitelson attributed the shortfall in performance to lower renewals in both Federal and non-Federal subscription businesses during the final weeks of the quarter [4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Varonis common stock during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [5]. - The lead plaintiff can choose a law firm to represent the class, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has been recognized for its success in obtaining significant monetary relief for investors, including the largest recovery in history of $7.2 billion in the Enron case [6].

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for alleged violations of securities laws, specifically related to misleading statements about its SaaS offering and customer conversion rates [1][5]. Group 1: Lawsuit Details - The lawsuit pertains to Varonis Systems, Inc. and claims violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Varonis securities between February 4, 2025, and October 28, 2025, are encouraged to contact the Schall Law Firm before March 9, 2026 [2]. - The class has not yet been certified, meaning potential class members are not currently represented by an attorney [4]. Group 2: Allegations Against Varonis - The complaint alleges that Varonis made false and misleading statements regarding its ability to convert existing customers to its SaaS platform, which impacted its Annual Recurring Revenue (ARR) growth potential [5]. - The company was aware of its struggles to convince customers to switch to the new platform, leading to materially misleading public statements throughout the class period [5]. - As a result of the revelations about Varonis, investors reportedly suffered damages [5].

Core Viewpoint - Varonis Systems, Inc. will report its fourth quarter and full-year 2025 financial results on February 3, 2026, after the U.S. financial markets close [1] Financial Results Announcement - The financial results will be discussed in a conference call scheduled for February 3, 2026, at 4:30 p.m. ET [1] - Access to the call can be made via domestic and international phone numbers, with a specific conference ID provided [2] - A replay of the conference call will be available until February 10, 2026, with a passcode for access [2] - A live webcast of the call will be available on the company's Investor Relations page, and the replay will be archived for one year [2] Company Overview - Varonis is recognized as a leader in data security, focusing on a different approach compared to traditional cybersecurity firms [3] - The company offers a cloud-native Data Security Platform that continuously discovers and classifies critical data, removes exposures, and detects advanced threats using AI-powered automation [3] Customer Trust and Solutions - Thousands of organizations globally rely on Varonis to protect their data across various environments, including SaaS, IaaS, and hybrid cloud [4] - Varonis automates numerous security outcomes, such as data security posture management, data classification, data access governance, data detection and response, data loss prevention, database activity monitoring, identity protection, email security, and AI security [4]

Core Viewpoint - Varonis Systems, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 4, 2025, and October 28, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that Varonis provided overly positive statements while concealing material adverse facts about its ability to convert its customer base, leading to reduced Annual Recurring Revenue (ARR) growth potential [2] - On October 28, 2025, Varonis reported third-quarter financial results that significantly missed ARR expectations and lowered its full-year guidance, attributing this to weaker than expected renewals and conversions in its subscription business [2] - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share, a decline of approximately 48.67% in one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until March 9, 2026, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

Core Viewpoint - A securities fraud class action lawsuit has been filed against Varonis Systems, Inc. due to significant financial underperformance and misleading statements made by the company during the class period from February 4, 2025, to October 28, 2025 [1][3]. Financial Performance - On October 28, 2025, Varonis reported third quarter 2025 financial results, revealing a revenue miss against consensus estimates, with a notable 63.9% year-over-year decline in term license subscription revenues [2]. - The company reduced its full-year Annual Recurring Revenues (ARR) guidance, attributing this to the underperformance of its on-prem subscription business [2]. - Following the earnings announcement, Varonis's stock price plummeted by $30.66, or 48.7%, closing at $32.34 per share on October 29, 2025, resulting in significant losses for investors [2]. Lawsuit Details - The class action lawsuit alleges that Varonis made materially false and misleading statements and failed to disclose adverse facts regarding its business and operational prospects [3]. - Specifically, the lawsuit claims that Varonis was not adequately prepared to sustain its ARR growth without maintaining a high rate of quarterly conversions, rendering the company's positive statements misleading [3].