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Shareholder Rights Law Firm Robbins LLP Urges Varonis Systems, Inc. Stockholders to Seek Information About Their Rights Against VRNS
Businesswire· 2026-01-20 22:13
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Varonis Systems, Inc. (NASDAQ: VRNS) securities between February 5, 2025, and October 28, 2025, alleging that the company misled investors regarding its business prospects and revenue outlook [1][2]. Allegations - The complaint asserts that Varonis created a misleading impression of having reliable information about its projected revenue and growth, while downplaying risks associated with seasonality and macroeconomic factors [2]. - It is claimed that Varonis' optimistic reports on growth and cost-cutting measures did not align with reality, indicating that the company was not adequately prepared to sustain its annual recurring revenue growth without a high rate of quarterly conversions [2]. Financial Impact - On October 28, 2025, Varonis released third-quarter results that fell short of prior projections and subsequently lowered its full-year guidance. This led to a significant decline in the company's stock price, dropping from $63.00 per share to $32.34 per share, representing a decrease of approximately 48.67% in just one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must submit their papers to the court by March 9, 2026. Participation in the case is not required to be eligible for recovery [4].
VRNS Stockholder Alert: Robbins LLP Reminds Investors of the Class Action Lawsuit Against Varonis Systems, Inc.
Prnewswire· 2026-01-08 23:38
Core Viewpoint - A class action has been filed against Varonis Systems, Inc. for allegedly misleading investors about its business prospects and financial outlook during the specified period [1][2]. Allegations - The complaint claims that Varonis misrepresented its revenue outlook and growth potential while downplaying risks associated with seasonality and macroeconomic factors [2]. - Reports of growth and cost-cutting measures were found to be overly optimistic, as Varonis struggled to maintain its annual recurring revenue growth without a high rate of quarterly conversions [2]. Stock Performance - Following the release of third-quarter results on October 28, 2025, which fell below expectations, Varonis lowered its full-year guidance, leading to a significant stock price drop from $63.00 to $32.34, a decline of approximately 48.67% in one day [3]. Class Action Participation - Shareholders interested in participating as lead plaintiffs must submit their papers by March 9, 2026, although participation is not required to be eligible for recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation [5].
VisionWave Advances European Growth Plans on the Back of Solar Drone’s DB InfraGO AG PoC Success
Globenewswire· 2025-11-26 13:30
Core Insights - VisionWave Holdings, Inc. has announced a significant advancement in its European growth strategy following the successful 100-day Proof of Concept (PoC) with DB InfraGO AG for its Solar Drone technology [1][3] - Judit Nagypal has been appointed to lead the next phase of commercial engagement in Europe and is also under consideration for a position on VisionWave's Board of Directors [2][4] - The PoC demonstrated the feasibility of Solar Drone's automated cleaning technology for large glass rooftops at major train stations, addressing a long-standing maintenance challenge for DB InfraGO AG [3][4] Company Developments - The successful PoC with DB InfraGO AG serves as a commercial validation for Solar Drone's technology in demanding operational environments [4] - Judit Nagypal will oversee all opportunities related to Solar Drone and DB InfraGO AG, coordinating with designated departments and VisionWave's strategic partners across the EU [4][6] - VisionWave has entered into a binding Letter of Intent to acquire Solar Drone Ltd., although the transaction remains subject to various conditions [6] Technology and Operations - Solar Drone specializes in industrial-grade drone-based solutions aimed at grid maintenance, fire prevention, and solar-field optimization, utilizing proprietary payloads and AI analytics [6] - The technology is designed to enhance safety, efficiency, and operational effectiveness in large-scale energy and infrastructure environments [6]