VARONIS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Varonis Systems, Inc. and Encourages Stockholders to Contact the Firm

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].