Shareholders of Varonis Systems, Inc. Should Contact The Gross Law Firm Before March 9, 2026 to Discuss Your Rights - VRNS

Core Viewpoint - Varonis Systems, Inc. is facing a class action lawsuit due to allegations of providing misleading statements about its ability to convert its customer base to a SaaS model, resulting in a significant decline in stock price following disappointing financial results [1] Summary by Relevant Sections Allegations - The complaint claims that Varonis made overwhelmingly positive statements while concealing material adverse facts about its customer conversion capabilities, leading to reduced annual recurring revenue (ARR) growth potential [1] - The company announced a significant miss in ARR and lowered its full-year guidance after reporting third-quarter results for fiscal 2025, attributing this to weaker-than-expected renewals and conversions in its subscription business [1] Financial Impact - On October 28, 2025, Varonis reported a stock price of $63.00 per share, which plummeted to $32.34 per share the following day, marking a decline of approximately 48.67% in just one day [1] Company Actions - Varonis announced the end of life for its self-hosted solution and a 5% reduction in headcount as part of its response to the financial challenges [1] Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by March 9, 2026, to potentially participate in any recovery [1]