Varonis(US:VRNS) Globenewswire·2026-01-14 15:29Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Varonis Systems, Inc. due to allegations of misleading statements and failure to disclose material facts regarding the company's performance and customer retention, which led to significant financial losses for investors [4][6]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Varonis between February 4, 2025, and October 28, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Varonis, with a deadline of March 9, 2026, for investors to seek the role of lead plaintiff [4]. - The complaint alleges that Varonis and its executives violated federal securities laws by making false and misleading statements about the company's ability to convert its customer base to a SaaS model, which resulted in artificially inflated stock prices [6]. Group 2: Financial Performance and Stock Impact - On October 28, 2025, Varonis reported third-quarter financial results that significantly missed expectations for Annual Recurring Revenue (ARR) and lowered its full-year guidance, attributing this to weaker than expected renewals and conversions [7]. - 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 [8].