Core Viewpoint - A class action has been filed against Varonis Systems, Inc. for allegedly misleading investors about its business prospects during the specified class period from February 5, 2025, to October 28, 2025 [1][2] Group 1: Allegations and Misleading Information - Robbins LLP is investigating allegations that Varonis Systems misled investors regarding its projected revenue outlook and growth potential, while downplaying risks associated with seasonality and macroeconomic factors [2] - The complaint states that Varonis' optimistic reports on growth and cost-cutting measures did not align with reality, indicating the company was not prepared to sustain its annual recurring revenue growth without a high rate of quarterly conversions [2] Group 2: Stock Performance 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 stock price drop from $63.00 per share to $32.34 per share, a decline of approximately 48.67% in one day [3] Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must submit their papers by March 9, 2026, although participation 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 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].