INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Varonis Systems, Inc. of Class Action Lawsuit and Upcoming Deadlines - VRNS

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].