VARONIS SYSTEMS, INC. (VRNS) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by March 9, 2026

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for allegedly misleading investors regarding its ability to convert its customer base, leading to a significant decline in stock price after disappointing financial results were announced [1][3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Varonis securities between February 4, 2025, and October 28, 2025 [1][2]. - Investors have until March 9, 2026, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Allegations Against Varonis - The lawsuit claims that Varonis and its executives raised investor expectations while knowing the company was not positioned to effectively convert existing users to its SaaS offerings, which impacted annual recurring revenue (ARR) growth potential [3]. - The company faced challenges with renewals and conversions in its subscription business, leading to a significant ARR miss and a reduction in guidance for the fiscal year 2025 [4]. Group 3: Financial Impact - Following the announcement of disappointing financial results on October 28, 2025, Varonis' stock price plummeted from $63.00 to $32.34 per share, a decline of over 48% in one day [5].