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].

ATLANTA, Jan. 08, 2026 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Varonis Systems, Inc. (NASDAQ: VRNS). The lawsuit alleges that Defendants issued false and misleading statements concerning Varonis’ ability to convert its existing customer base and its ARR growth potential in the near-term. If you purchased Varonis shares between February 4, 2025, and October 28, 2025, and experienced a significant loss on that investment, you are encouraged to discuss your legal rights by ...

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 following disappointing financial results [1][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 between February 4, 2025, and 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 created a false impression of the company's financial health, particularly regarding its annual recurring revenue growth and the effectiveness of its sales strategies [3]. Group 2: Financial Performance - On October 28, 2025, Varonis reported third-quarter results that significantly missed prior projections, leading to a lowered full-year guidance [4]. - The CEO, Yakov Faitelson, attributed the shortfall to lower renewals in both the Federal vertical and the non-Federal on-prem subscription business during the final weeks of the quarter [4]. - Following the announcement of these results, Varonis's stock price fell nearly 49% [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 appointment as lead plaintiff [5]. - The lead plaintiff is typically the investor with the greatest financial interest in the case and acts on behalf of all class members [5]. - Investors can choose their own legal representation for the class action lawsuit, 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 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 is recognized for obtaining some of the largest securities class action recoveries in history, including a record $7.2 billion in the Enron case [6].

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Varonis Systems, Inc. (NASDAQ: VRNS) securities between February 5, 2025, and October 28, 2025, alleging that the company misled investors regarding its business prospects and revenue outlook [1][2]. Group 1: Allegations and Misleading Information - The lawsuit claims that Varonis created a false impression of having reliable information about its projected revenue and growth 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 team's effectiveness in converting existing clients to its SaaS offerings [2]. Group 2: Financial Impact - On October 28, 2025, Varonis released third-quarter results that fell short of prior projections and subsequently lowered its full-year guidance, leading to a significant decline in stock price [3]. - Following the announcement, 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 [3].

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. due to allegations of misleading statements regarding its financial performance and customer retention capabilities, leading to significant stock price decline [1][3][4]. Company Performance - Varonis reported a significant miss in Annual Recurring Revenue (ARR) for Q3 2025 and lowered its full-year guidance, attributing this to weaker-than-expected renewals and conversions in its subscription business [4]. - The company announced the end of life for its self-hosted solution and a 5% reduction in headcount as part of its restructuring efforts [4]. Stock Market Reaction - Following the announcement of disappointing financial results, Varonis' stock price plummeted from $63.00 per share on October 28, 2025, to $32.34 per share on October 29, 2025, marking a decline of approximately 48.67% in just one day [5]. Legal Proceedings - The lawsuit, Artem Molchanov v. Varonis Systems, Inc., has been initiated in the U.S. District Court for the Southern District of New York, targeting investors who purchased Varonis stock between February 4, 2025, and October 28, 2025 [1][3]. - Investors are encouraged to step forward before the March 9, 2026 deadline to seek compensation for losses incurred due to alleged corporate misrepresentations [6].