Varonis(US:VRNS) Prnewswireยท2025-11-12 18:27Company Overview - Varonis Systems, Inc. is a data security firm that specializes in protecting and managing sensitive data across both on-premises and cloud environments through threat detection, access control, and compliance automation [3]. Allegations and Financial Performance - On October 28, 2025, Varonis Systems reported Q3 results that fell short of expectations, with term license subscriptions, which account for 15.4% of total revenues, decreasing by 63.9% to $24.8 million [4]. - Maintenance and services, representing 9.1% of total revenues, declined by 49.1% to $10.9 million [4]. - The company revised its annual recurring revenue (ARR) forecast downward, attributing this to weak on-premises subscriptions and sales issues [4]. - Following the announcement of these results, Varonis stock experienced a significant drop of 48.67%, closing at $32.34 per share on October 29, 2025 [4]. Legal Investigation - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving Varonis Systems, stemming from allegations of providing misleading business information to the investing public [1][4].