Varonis(US:VRNS) Globenewswire·2026-02-20 00:32Core Viewpoint - Rosen Law Firm is reminding purchasers of Varonis Systems, Inc. common stock of the upcoming lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company during a specified class period [1][2]. Group 1: Class Action Details - Investors who purchased Varonis common stock between February 4, 2025, and October 28, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 9, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against Varonis - The lawsuit alleges that Varonis made materially false and misleading statements regarding its ability to maintain Annual Recurring Revenue (ARR) projections while transitioning customers to a software-as-a-service (SaaS) model [5]. - It is claimed that Varonis was not adequately prepared to convince existing users of the benefits of the SaaS offering, leading to reduced ARR growth potential [5]. - The lawsuit asserts that the misleading statements about Varonis' business operations and prospects resulted in investor damages when the true situation became known [5].