Varonis(US:VRNS) Globenewswire·2026-01-22 20:48Core 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][8]. 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 [8]. - The company reported a significant 63.9% year-over-year decline in term license subscription revenues in its third quarter 2025 financial results, which missed consensus estimates [8]. - Following the release of these results, Varonis's stock price plummeted by $30.66, or 48.7%, closing at $32.34 per share on October 29, 2025, resulting in substantial losses for investors [8]. Next Steps - Investors who purchased Varonis shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information regarding their rights and potential participation in the lawsuit [4].