Varonis(US:VRNS) Businesswire·2026-03-01 22:05Core Viewpoint - Rosen Law Firm is urging stockholders of Varonis Systems, Inc. to contact them regarding a class action lawsuit related to misleading statements about the company's business operations and annual recurring revenue projections for the fiscal year 2025 [1]. Group 1: Allegations and Lawsuit Details - The class action lawsuit involves purchasers of Varonis common stock between February 4, 2025, and October 28, 2025, alleging that the company misled investors about its ability to convert existing customers to its software-as-a-service (SaaS) model [1]. - The lawsuit claims that Varonis provided overly positive statements regarding its expected annual recurring revenue (ARR) while concealing material adverse facts about its capability to maintain customer conversions, leading to inflated stock prices [1]. - It is alleged that the misleading information resulted in significant damages to shareholders when the true state of Varonis' business operations became known [1]. Group 2: Next Steps for Shareholders - Shareholders interested in participating in the class action must file their motions to serve as lead plaintiff by March 9, 2026 [1]. - A lead plaintiff represents other class members in directing the litigation, but participation is not required to be eligible for recovery [1]. - All legal representation is on a contingency fee basis, meaning shareholders will not incur fees or expenses unless they recover losses [1].