NEW YORK, NY - January 8, 2026 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Varonis Systems, Inc. (VRNS) (“Varonis” or the “Company”) (NASDAQ: VRNS) on behalf of investors that purchased or otherwise acquired Varonis securities between February 4, 2025 and October 28, 2025 (the “Class Period”).
If you purchased Varonis securities during the Class Period and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing mail@kaplanfox.com or dhall@kaplanfox.com, or by calling (800) 290-1952.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than March 9, 2026 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on October 28, 2025, Varonis announced financial results for the third quarter of fiscal 2025, disclosing a significant miss to ARR and reducing its projections for the full fiscal year 2025, despite previously uplifting guidance for the previous two consecutive quarters. Further, according to the complaint, the Company attributed its results and lowered guidance to weaker than expected renewals and conversions in their federal and non-federal on-premises subscription business.
On October 29, 2025, the price of Varonis shares fell $30.66 per share, over 48%, to close at $32.34 per share on October 29, 2025.
The complaint alleges, that throughout the Class Period, Defendants statements were false and/or materially misleading because they 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. According to the complaint, Varonis was simply ill-equipped to continue its ARR growth trajectory without maintaining a significantly high rate of quarterly conversions.
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CONTACT:
Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 687-1980
dhall@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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