VARONIS SYSTEMS, INC. (VRNS) INVESTOR ALERT: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. on behalf of investors who acquired Varonis securities during the specified class period, highlighting concerns over the company's financial disclosures and performance [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC, representing investors who purchased Varonis securities from February 4, 2025, to October 28, 2025 [1][2]. - Investors became aware of significant issues regarding customer renewals and conversions when Varonis announced its Q3 2025 financial results on October 28, 2025, revealing a substantial annual recurring revenue (ARR) miss and a reduction in guidance for the full fiscal year 2025 [3]. Group 2: Financial Impact - Following the announcement of disappointing financial results, Varonis' stock price plummeted from $63.00 per share on October 28, 2025, to $32.34 per share on October 29, 2025, marking a decline of $30.66 per share, or over 48% in just one day [4]. - The company attributed the poor performance to weaker than expected renewals and conversions in its subscription business, alongside announcing the end-of-life for its self-hosted solution and a 5% reduction in headcount [3].