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].

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for alleged violations of federal securities laws during the Class Period from February 4, 2025, to October 28, 2025, impacting investors who purchased Varonis securities during this time [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Varonis made materially false statements and failed to disclose critical information regarding its ability to convert its existing customer base to its SaaS offering, which has led to reduced annual recurring revenue (ARR) growth potential [3]. - The complaint alleges that these misleading statements caused investors to purchase Varonis securities at artificially inflated prices [3]. Group 2: Investor Actions - Investors who suffered losses in Varonis have until March 9, 2026, to request to be appointed as lead plaintiff in the class action [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only recover costs if the lawsuit is successful [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6]. - The firm emphasizes its commitment to restoring investor capital and ensuring corporate accountability [6].

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 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 and misleading statements that inflated the stock price, leading to financial losses for investors [5]. - Investors who suffered losses between February 4, 2025, and October 28, 2025, are encouraged to contact the law firm to discuss their legal options [1]. Group 2: Financial Performance and Stock Impact - On October 28, 2025, Varonis reported a significant miss in Annual Recurring Revenue (ARR) and lowered 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]. - The company also announced the end of life for its self-hosted solution and a 5% reduction in headcount as part of its restructuring efforts [6].

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 misleading positive statements while concealing adverse facts about its ability to convert its customer base to its SaaS offering, 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, marking a decline of approximately 48.67% in just 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 appointment 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, LLP 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 class action lawsuit has been filed against Varonis Systems, Inc. for alleged securities fraud and unlawful business practices [2]. Financial Performance - Varonis reported financial results for Q3 2025, with revenue missing consensus estimates and a significant 63.9% year-over-year decline in term license subscription revenues [3]. - The company has reduced its full-year Annual Recurring Revenue (ARR) guidance due to underperformance in its on-prem subscription business [3]. - On an earnings call, the CEO indicated that the on-premises subscription business is negatively impacting total company ARR growth, citing lower renewal rates and sales process issues as contributing factors [3]. Stock Market Reaction - Following the release of the disappointing financial results, Varonis's stock price fell by $30.66 per share, or 48.67%, closing at $32.34 per share on October 29, 2025 [3].

Core Viewpoint - A class action has been filed against Varonis Systems, Inc. for allegedly misleading investors about its business prospects and financial outlook 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]. - Reports of growth and cost-cutting measures were found to be overly optimistic, as Varonis struggled to maintain its annual recurring revenue growth without a high rate of quarterly conversions [2]. Stock Performance - Following the release of third-quarter results on October 28, 2025, which fell below expectations, Varonis lowered its full-year guidance, leading to a significant stock price drop from $63.00 to $32.34, a decline of approximately 48.67% in one day [3]. Class Action Participation - Shareholders interested in participating as lead plaintiffs must submit their papers by March 9, 2026, although participation is not required to be eligible for recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation [5].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Varonis Systems, Inc. for allegedly misleading investors about its business operations and annual recurring revenue projections during the specified class period from February 4, 2025, to October 28, 2025 [1][2]. Allegations - The lawsuit claims that Varonis provided investors with overly positive statements regarding its expected annual recurring revenue (ARR) for the 2025 fiscal year, expressing confidence in its ability to maintain ARR projections while transitioning existing customers to a software-as-a-service (SaaS) model [3]. - It is alleged that Varonis concealed material adverse facts about its capability to convert its existing customer base to the SaaS offering, which led to inflated security prices and ultimately caused shareholder losses when the truth was revealed [4]. Next Steps - Shareholders interested in participating in the class action must file motions to serve as lead plaintiffs by March 9, 2026. They can choose to remain absent class members without participating in the case [5]. Law Firm Background - Rosen Law Firm specializes in securities class actions and has a track record of recovering over $1 billion for shareholders, emphasizing its commitment to improving corporate governance and holding executives accountable [7].

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][7]. Allegation Details - The lawsuit claims 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 [7]. - The company reported a significant decline in term license subscription revenues, specifically a 63.9% year-over-year decrease, and reduced its full-year ARR guidance due to underperformance in its on-prem subscription business [7]. - Following the release of disappointing financial results, Varonis's stock price dropped by $30.66, or 48.7%, closing at $32.34 per share on October 29, 2025, which negatively impacted investors [7]. Next Steps - Investors who purchased Varonis shares during the class period and suffered losses are encouraged to contact Bragar Eagel & Squire, P.C. for more information regarding their legal rights and potential participation in the lawsuit [4].

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Varonis Systems, Inc. ("Varonis†or the "Company†) (NASDAQ: VRNS) common stock between February 4, 2025 and October 28, 2025, inclusive (the "Class Period†). Varonis investors have until March 9, 2026 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN VARONIS SYSTEMS, INC. (VRNS), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO ...

Core Viewpoint - Varonis Systems is facing legal action due to allegations of misleading statements regarding its ability to convert its customer base to a SaaS model, which has resulted in a significant decline in its stock price following disappointing financial results [2][3][4]. Financial Performance - On October 28, 2025, Varonis reported third-quarter financial results that significantly missed its Annual Recurring Revenue (ARR) targets and reduced its full-year projections, attributing this to weaker-than-expected renewals and conversions in its subscription business [3]. - The company announced the end of life for its self-hosted solution and a 5% reduction in headcount as part of its restructuring efforts [3]. Stock Market Reaction - Following the announcement of its financial results, Varonis' stock price plummeted from $63.00 per share to $32.34 per share on October 29, 2025, marking a decline of approximately 48.67% in just one day [4]. Legal Proceedings - A class action lawsuit has been initiated against Varonis, with a court-appointed lead plaintiff representing the interests of affected shareholders [5]. - The law firm Faruqi & Faruqi is encouraging individuals with information regarding Varonis' conduct to come forward, including whistleblowers and former employees [6].