NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Varonis Systems, Inc. (“Varonis” or the “Company”) (NASDAQ: VRNS) investors of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company. Should You Join The Varonis Systems Class Action Lawsuit? Do you, or did you, own shares of Varonis Systems, Inc. (NASDAQ: VRNS)?Did you purchase your shares between February 4, 2025 and October 28, 2025, i ...

The Varonis class action lawsuit alleges that defendants created the false impression that they possessed reliable information pertaining to Varonis' projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. The complaint alleges that in truth, Varonis' optimistic reports of growth, cost cutting measures, and overall effectiveness of its sales team to continue to convince existing clientele to convert to its SaaS offering fell short of reali ...

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for allegedly misleading investors regarding its ability to convert its customer base and the impact on annual recurring revenue growth potential [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Varonis securities between February 4, 2025, and October 28, 2025 [1][2]. - Investors have until March 9, 2026, to seek appointment as lead plaintiff representative [2]. Group 2: Company Performance and Impact - Varonis announced a significant miss in annual recurring revenue (ARR) and reduced its guidance for the full fiscal year 2025 on October 28, 2025, after previously raising projections for two consecutive quarters [4]. - The company cited weaker than expected renewals and conversions in its on-premises subscription business as reasons for the poor performance [4]. - Following the announcement, Varonis' stock price plummeted from $63.00 to $32.34, a decline of over 48% in one day [5]. Group 3: Company Background - Varonis is a global security company that offers software products to detect advanced security threats using AI-powered technologies [2].

Core Viewpoint - The article summarizes significant research calls from Wall Street, highlighting upgrades and downgrades for various companies that investors should be aware of. Upgrades - Deutsche Bank upgraded Cognizant (CTSH) to Buy from Hold with a price target of $100, citing the company as a "clear winner" in IT services despite tight budgets [2] - Evercore ISI upgraded Cisco (CSCO) to Outperform from In Line with a price target increase to $100 from $80, noting strong growth potential driven by campus refresh, AI momentum, and market recovery [3] - Needham upgraded AppLovin (APP) to Buy from Hold with a price target of $700, based on confidence in the company's e-commerce revenue growth trajectory for 2026 [4] - Rothschild & Co Redburn upgraded Meta Platforms (META) to Buy from Neutral with a price target raised to $900 from $740, highlighting a perceived disconnect between current stock price and long-term value [5] - Phillip Securities upgraded Netflix (NFLX) to Accumulate from Sell with a price target of $100, indicating strong structural and financial positioning for long-term growth [6] Downgrades - Wolfe Research downgraded Cummins (CMI) to Peer Perform from Outperform, removing the previous price target of $540, citing a balanced risk/reward scenario despite expected strong EPS growth [7] - Morgan Stanley downgraded Varonis (VRNS) to Equal Weight from Overweight with a price target decrease to $41 from $44, due to increasing competition in the data security market [7] - Wolfe Research downgraded Public Storage (PSA) to Peer Perform from Outperform without a price target, suggesting shares may pause until better earnings growth becomes apparent [7] - Wolfe Research downgraded CubeSmart (CUBE) to Peer Perform from Outperform without a price target, indicating a similar outlook as Public Storage regarding future earnings growth visibility [7] - DA Davidson downgraded BOK Financial (BOKF) to Neutral from Buy with a price target increase to $135 from $125, after strong Q4 results, while maintaining the highest EPS forecast among analysts for 2026 and 2027 [7]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Varonis Systems, Inc. common stock during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Varonis common stock between February 4, 2025, and October 28, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 9, 2026 [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that Varonis made materially false and misleading statements regarding its ability to maintain Annual Recurring Revenue (ARR) projections while transitioning customers to a software-as-a-service (SaaS) model [5]. - It is claimed that Varonis was not adequately prepared to convince existing users of the benefits of the SaaS offering, leading to reduced ARR growth potential [5]. - The lawsuit asserts that the misleading statements about Varonis' business and prospects resulted in investor damages when the true information became public [5].

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 statements while concealing adverse facts about the company's ability to maintain its customer base, leading to inflated stock prices [5]. 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]. 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 - 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 decline after disappointing financial results [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 [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 and growth prospects [3]. Group 2: Financial Performance and Impact - 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 Federal and non-Federal subscription businesses during the final weeks of the quarter [4]. - Following the announcement of these results, Varonis' stock price plummeted nearly 49% [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Varonis common stock during the class period to seek the role of lead plaintiff [5]. - The lead plaintiff will represent 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].

Core Viewpoint - A securities class action lawsuit has been filed against Varonis Systems, Inc. for alleged material misstatements and omissions affecting 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 was not adequately prepared to sustain its Annual Recurring Revenue (ARR) growth without maintaining a high rate of quarterly conversions [2]. - Defendants allegedly made misleading statements regarding the company's business operations and prospects, which lacked a reasonable basis [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 losses to contact them for more information [4][5]. - The firm has a strong reputation in securities-fraud class actions and has achieved significant recoveries in past litigations [5]. Group 3: Investor Information - Affected investors can choose to become lead plaintiffs or remain absent class members, with their ability to recover not impacted by this decision [3]. - The firm operates globally, with offices in Pennsylvania and California, and offers assistance to investors at no cost [6][7].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Varonis Systems, Inc. (NASDAQ: VRNS) common stock between February 4, 2025, and October 28, 2025, of the March 9, 2026, lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Varonis common stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by March 9, 2026 [3]. - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Varonis made materially false and misleading statements regarding its ability to maintain Annual Recurring Revenue (ARR) projections while transitioning customers to a software-as-a-service (SaaS) model [5]. - It is claimed that Varonis was not adequately prepared to convince existing users of the benefits of the SaaS offering, leading to reduced ARR growth potential [5]. - The lawsuit asserts that the positive statements made by Varonis about its business and prospects were materially misleading, resulting in investor damages when the true situation became known [5].

Core View - Class action lawsuits have been filed on behalf of shareholders of several publicly-traded companies, with deadlines for filing lead plaintiff motions approaching [1] Varonis Systems, Inc. (NASDAQ: VRNS) - Class period is from February 4, 2025, to October 28, 2025, with a lead plaintiff deadline of March 9, 2026 [2] - Allegations include that Varonis was not equipped to sustain its Annual Recurring Revenue (ARR) growth without high quarterly conversions, making positive statements about its business misleading [2] Ardent Health, Inc. (NYSE: ARDT) - Class period is from July 18, 2024, to November 12, 2025, with a lead plaintiff deadline of March 9, 2026 [3] - Allegations state that Ardent misrepresented its accounts receivable framework and did not maintain sufficient malpractice liability insurance, leading to misleading positive statements about its operations [3] CoreWeave, Inc. (NASDAQ: CRWV) - Class period is from March 28, 2025, to December 15, 2025, with a lead plaintiff deadline of March 13, 2026 [4] - Allegations include overstating the company's ability to meet customer demand and underestimating risks associated with reliance on a single third-party data center supplier, resulting in misleading statements about its business [4] Bath & Body Works, Inc. (NYSE: BBWI) - Class period is from June 4, 2024, to November 19, 2025, with a lead plaintiff deadline of March 16, 2026 [5] - Allegations indicate that the company's strategy for growth was ineffective, leading to reliance on brand collaborations to mask weak financial results, which were misleadingly presented [5]