SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Varonis Systems

Core Viewpoint - Varonis Systems, Inc. is facing a federal securities class action due to allegations of misleading statements regarding its business performance and growth potential, particularly in its transition to a SaaS model [5][6]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi, LLP is investigating potential claims against Varonis and has set a deadline of March 9, 2026, for investors to seek the role of lead plaintiff in the class action [2]. - The complaint alleges that Varonis and its executives made false and misleading statements about the company's ability to convert its customer base, which led to inflated stock prices [5]. Group 2: Financial Performance and Stock Impact - On October 28, 2025, Varonis reported third-quarter results that significantly missed its Annual Recurring Revenue (ARR) targets and lowered its full-year guidance due to weaker renewals and conversions [6]. - Following the announcement, Varonis' stock price plummeted from $63.00 to $32.34 per share, marking a decline of approximately 48.67% in just one day [7]. Group 3: Company Background - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [4].