Bragar Eagel & Squire, P.C. Urges Varonis Systems Stockholders with Large Losses to Contact the Firm Before March 9th

Core 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 [6]. Group 1: Allegations - The lawsuit claims that Varonis failed to disclose that it was not adequately prepared to sustain its Annual Recurring Revenue (ARR) growth without maintaining a high rate of quarterly conversions [6]. - Defendants' positive statements about Varonis's business were allegedly misleading and lacked a reasonable basis [6]. - The company reported a significant decline in term license subscription revenues, with a year-over-year decrease of 63.9% [6]. Group 2: Financial Impact - On October 28, 2025, Varonis announced its third-quarter financial results, which missed consensus estimates and led to a reduction in full-year ARR guidance due to underperformance in its on-prem subscription business [6]. - Following the announcement, Varonis's stock price dropped by $30.66, or 48.7%, closing at $32.34 per share on October 29, 2025 [6]. Group 3: Next Steps for Investors - Investors who purchased Varonis shares during the class period and suffered losses are encouraged to contact Bragar Eagel & Squire, P.C. to discuss their legal rights and options [4][6].