Varonis(US:VRNS) Globenewswire·2026-02-21 16:59Core 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]. Allegation Details - The lawsuit claims that Varonis failed to disclose its inability to sustain its Annual Recurring Revenue (ARR) growth without maintaining a high rate of quarterly conversions [6]. - The complaint highlights that positive statements made by the company regarding its business were misleading and lacked a reasonable basis [6]. - Following the release of disappointing third-quarter financial results on October 28, 2025, which included a 63.9% year-over-year decline in term license subscription revenues, the company's stock price dropped significantly [6]. Next Steps - Investors who purchased Varonis shares during the class period and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is March 9, 2026 [6]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation, including securities and commercial litigation [5].