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]. Group 1: Allegations and Misleading Information - The lawsuit claims that Varonis created a false impression of having reliable information about its projected revenue and growth while downplaying risks associated with seasonality and macroeconomic factors [2]. - It is alleged that Varonis' optimistic reports regarding growth and cost-cutting measures did not reflect the reality of its sales team's effectiveness in converting existing clients to its SaaS offerings [2]. Group 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, leading to a significant decline in stock price [3]. - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share on October 29, 2025, marking a decline of approximately 48.67% in just one day [3].