VRNS Investor Alert: Faruqi & Faruqi, LLP Reminds Smart Digital Investors of the Securities Class Action Lawsuit Deadline on March 9, 2026

Core Viewpoint - The complaint against Varonis alleges that the company and its executives violated federal securities laws by making false and misleading statements regarding its ability to convert its existing customer base to a SaaS offering, which has resulted in reduced annual recurring revenue (ARR) growth potential [2] Group 1: Allegations and Impact - The complaint claims that Varonis provided overwhelmingly positive statements to investors while concealing material adverse facts about its customer conversion capabilities [2] - The misleading statements led to shareholders purchasing Varonis' securities at artificially inflated prices, impacting their financial interests [2] Group 2: Legal Proceedings - The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought and is responsible for directing the litigation on behalf of the class [3] - Any member of the putative class can move the court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [3] Group 3: Call for Information - The law firm Faruqi & Faruqi encourages individuals with information regarding Varonis's conduct, including whistleblowers and former employees, to come forward [4]