Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for allegedly misleading investors regarding its customer conversion capabilities during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Varonis securities from February 4, 2025, to October 28, 2025 [1]. - Investors have until March 9, 2026, to seek appointment as lead plaintiff representatives [2]. - The allegations state that Varonis and its executives raised investor expectations while being aware that the company was not effectively positioned to convert existing customers to its SaaS offerings, leading to reduced annual recurring revenue (ARR) growth potential [3]. Group 2: Stock Performance Impact - Following the revelation of the true state of customer renewals and conversions, Varonis' stock price fell from $63.00 per share on October 28, 2025, to $32.34 per share on October 29, 2025, marking a decline of $30.66 per share, or over 48% in one day [4].

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].

Core Viewpoint - Varonis Systems, Inc. is facing a class action lawsuit due to allegations of providing misleading statements about its ability to convert its customer base to a SaaS model, resulting in a significant decline in stock price following disappointing financial results [1] Summary by Relevant Sections Allegations - The complaint claims that Varonis made overwhelmingly positive statements while concealing material adverse facts about its customer conversion capabilities, leading to reduced annual recurring revenue (ARR) growth potential [1] - The company announced a significant miss in ARR and lowered its full-year guidance after reporting third-quarter results for fiscal 2025, attributing this to weaker-than-expected renewals and conversions in its subscription business [1] Financial Impact - On October 28, 2025, Varonis reported a stock price of $63.00 per share, which plummeted to $32.34 per share the following day, marking a decline of approximately 48.67% in just one day [1] Company Actions - Varonis announced the end of life for its self-hosted solution and a 5% reduction in headcount as part of its response to the financial challenges [1] Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by March 9, 2026, to potentially participate in any recovery [1]

Core Viewpoint - Varonis Systems, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its ability to convert existing customers to its SaaS offering, which has resulted in a significant decline in its stock price following disappointing financial results [3][4]. Group 1: Allegations and Financial Impact - The lawsuit claims that Varonis provided overly positive statements while concealing material adverse facts about its customer conversion capabilities, leading to reduced annual recurring revenue (ARR) growth potential [3]. - On October 28, 2025, Varonis reported a significant miss in ARR and lowered its full-year guidance, attributing this to weaker-than-expected renewals and conversions in its subscription business [3]. - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share, marking a decline of approximately 48.67% in just one day [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 4, 2025, to October 28, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is March 9, 2026, and there is no cost or obligation to participate in the case [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Group 3: Law Firm Information - The Gross Law Firm, which is handling the case, is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who have suffered losses due to misleading statements [5].

Core Viewpoint - The Varonis Systems, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [3][4]. Group 1: Class Action Details - The class action lawsuit is titled Molchanov v. Varonis Systems, Inc., and it involves purchasers of Varonis common stock from February 4, 2025, to October 28, 2025 [1]. - Investors have until March 9, 2026, to apply for lead plaintiff status in the lawsuit [1]. - The lawsuit alleges that Varonis and its executives violated the Securities Exchange Act of 1934 [1]. Group 2: Allegations Against Varonis - The lawsuit claims that Varonis misrepresented its revenue projections and growth potential while downplaying risks associated with seasonality and macroeconomic factors [3]. - It is alleged that Varonis' optimistic reports regarding growth and sales effectiveness were not reflective of the company's actual performance [3]. - Following the release of third-quarter results on October 28, 2025, which fell short of expectations, Varonis lowered its full-year guidance, resulting in a nearly 49% drop in stock price [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Varonis stock during the class period to seek lead plaintiff status [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm for litigation [5]. - Robbins Geller Rudman & Dowd LLP, the firm handling the case, is a leading class action firm with a strong track record in securities fraud litigation, having recovered over $916 million for investors in 2025 alone [6].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Varonis Systems, Inc. due to allegations of misleading statements and failure to disclose material facts regarding the company's performance and customer retention capabilities [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Varonis between February 4, 2025, and October 28, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Varonis, with a deadline of March 9, 2026, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that Varonis and its executives made false statements that misled investors about the company's ability to convert its customer base to a SaaS model, leading to inflated stock prices [4]. Group 2: Financial Performance and Stock Impact - On October 28, 2025, Varonis reported third-quarter financial results that significantly missed expectations for Annual Recurring Revenue (ARR) and lowered its full-year guidance, attributing this to weaker renewals and conversions in its subscription business [5]. - 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 [6].

Core Viewpoint - Varonis Systems, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its ability to convert its customer base to a SaaS model, resulting in a significant decline in stock price following disappointing financial results [3][4]. Group 1: Allegations and Financial Impact - The lawsuit claims that Varonis provided overly positive statements while concealing material adverse facts about its customer conversion capabilities, leading to reduced annual recurring revenue (ARR) growth potential [3]. - On October 28, 2025, Varonis reported a significant miss in ARR and lowered its full-year guidance, attributing this to weaker-than-expected renewals and conversions in its subscription business [3]. - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share, marking a decline of approximately 48.67% in just one day [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 4, 2025, to October 28, 2025, and shareholders are encouraged to register for potential lead plaintiff appointment [3][4]. - The deadline for shareholders to register is March 9, 2026, and participation in the case incurs no cost or obligation [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflate stock prices [5].

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 annual recurring revenue growth potential [1][3]. Company Overview - Varonis Systems, Inc. is a global security company headquartered in Miami, Florida, specializing in software products that utilize AI-powered technologies to detect advanced security threats [2]. Lawsuit Details - The lawsuit claims that Varonis and its senior executives raised investor expectations while being aware that the company was not effectively positioned to convert existing users to its SaaS offerings, which ultimately affected its revenue growth potential [3]. - Investors became aware of the misleading information on October 28, 2025, when Varonis reported a significant miss in annual recurring revenue and reduced its guidance for the fiscal year 2025, despite having previously raised projections [4]. Financial Impact - Following the announcement of disappointing financial results, Varonis' stock price plummeted from $63.00 per share on October 28, 2025, to $32.34 per share on October 29, 2025, marking a decline of $30.66 per share, or over 48% in just one day [5].

Core Viewpoint - Varonis Systems, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its ability to convert its customer base to a SaaS model, resulting in a significant decline in stock price following disappointing financial results [3][4]. Group 1: Allegations and Financial Impact - The class action alleges that Varonis provided overly positive statements while concealing material adverse facts about its customer conversion capabilities, leading to reduced annual recurring revenue (ARR) growth potential [3]. - On October 28, 2025, Varonis reported a significant miss in ARR and lowered its full-year guidance, attributing this to weaker-than-expected renewals and conversions in its subscription business [3]. - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share, marking a decline of approximately 48.67% in just one day [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 4, 2025, to October 28, 2025, and shareholders are encouraged to register for potential lead plaintiff appointment [3][4]. - The deadline for shareholders to register is March 9, 2026, and there is no cost or obligation to participate in the case [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

Core Viewpoint - Varonis Systems, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its ability to convert existing customers to its SaaS offering, resulting in a significant decline in stock price following disappointing financial results [2][3]. Group 1: Allegations and Financial Impact - The lawsuit claims that Varonis provided overly positive statements while concealing material adverse facts about its customer conversion capabilities, leading to reduced annual recurring revenue (ARR) growth potential [2]. - On October 28, 2025, Varonis reported a significant miss in ARR and lowered its full-year guidance, attributing this to weaker-than-expected renewals and conversions in its subscription business [2]. - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share, marking a decline of approximately 48.67% in just one day [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 4, 2025, to October 28, 2025, and shareholders are encouraged to register for participation [3]. - The deadline for shareholders to seek lead plaintiff status is March 9, 2026, and there is no cost or obligation to participate in the case [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].