Shareholder Rights Law Firm Robbins LLP Urges Varonis Systems, Inc. Stockholders to Seek Information About Their Rights Against VRNS

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Varonis Systems, Inc. (NASDAQ: VRNS) securities between February 5, 2025, and October 28, 2025, alleging that the company misled investors regarding its business prospects and revenue outlook [1][2]. Allegations - The complaint asserts that Varonis created a misleading impression of having reliable information about its projected revenue and growth, while downplaying risks associated with seasonality and macroeconomic factors [2]. - It is claimed that Varonis' optimistic reports on growth and cost-cutting measures did not align with reality, indicating that the company was not adequately prepared to sustain its annual recurring revenue growth without a high rate of quarterly conversions [2]. Financial Impact - On October 28, 2025, Varonis released third-quarter results that fell short of prior projections and subsequently lowered its full-year guidance. This led to a significant decline in the company's stock price, dropping from $63.00 per share to $32.34 per share, representing a decrease of approximately 48.67% in just one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must submit their papers to the court by March 9, 2026. Participation in the case is not required to be eligible for recovery [4].