What are the allegations? Robbins LLP is Investigating Allegations that Varonis Systems, Inc. (VRNS) Misled Investors Regarding its Business Prospects According to the complaint, defendants created the false impression that they possessed reliable information pertaining to the Company's projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. In truth, Varonis' optimistic reports of growth, cost cutting measures, and overall effectiveness o ...

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].

Core Viewpoint - A class action has been filed against Varonis Systems, Inc. for allegedly misleading investors about its business prospects and financial performance 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]. - It is alleged that Varonis' optimistic reports regarding growth and cost-cutting measures did not reflect the reality of its sales effectiveness and ability to convert clients to its SaaS offerings [2]. Financial Impact - On October 28, 2025, Varonis reported third-quarter results that fell short of prior projections and subsequently lowered its full-year guidance [3]. - Following this 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]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by March 9, 2026, but participation is not required to be eligible for recovery [4]. - The representation in the class action is on a contingency fee basis, meaning shareholders will incur no fees or expenses [5].

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].

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].