#USA #New York #Class Action #Levi & Korsinsky #Varonis Systems

Attention Varonis Systems Investors

On February 4, 2026, Levi & Korsinsky, LLP issued a notification to investors of Varonis Systems, Inc. (NASDAQ: VRNS), highlighting the opportunity to join a class action lawsuit aimed at recovering losses stemming from alleged securities fraud that occurred between February 4, 2025, and October 28, 2025.

Overview of the Class Action

The lawsuit addresses claims that Varonis misled its investors by providing overly optimistic reports while concealing crucial data about its financial performance and customer retention capabilities. The firm's misleading statements raised significant concerns, particularly as they related to Varonis' transition to a SaaS (Software as a Service) model. Investors were not adequately informed about the company's struggles with maintaining its existing customer base, which in turn affected future growth projections.

According to the court documents, the expectations laid out by Varonis included a strong outlook on annual recurring revenue (ARR). However, on October 28, 2025, the company's financial report showed a startling deviation from these projections, revealing a dramatic decline in ARR growth potential and a reduction in projected revenues for the remainder of the fiscal year.

The Significant Drop

Following the announcement of these disappointing financial results, Varonis' stock suffered a significant plunge. On October 28, the stock closed at $63.00 per share, only to plummet nearly 49% to $32.34 the following day. This swift downturn sparked alarms among investors, many of whom realized that misleading information may have led to their financial losses.

How to Join the Class Action

For investors who believe they have incurred losses as a result of the events outlined, the deadline to file as a lead plaintiff in the class action lawsuit is set for March 9, 2026. Being a lead plaintiff allows for a more active role in the case. However, it is important to note that participation in the suit does not necessitate this position, and all eligible investors have the ability to recover without serving as a lead plaintiff.

Those interested in additional details or those who wish to contact Levi & Korsinsky can visit their website for more information or reach out via email or phone.

Costs Involved

Participation in the class action lawsuit comes at no financial risk to the investors involved. There are no out-of-pocket costs to join, ensuring that all eligible shareholders can pursue compensation without the burden of upfront fees.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, with over 20 years of experience, has built a reputation for successfully representing investors in complex securities litigation. The firm has notably secured hundreds of millions in recoveries for aggrieved shareholders, earning its placement among the top securities litigation firms in the United States according to ISS Securities Class Action Services. In-house expertise and a dedicated team of over 70 professionals strengthen their approach in these high-stakes cases.

Contact Information

Investors are encouraged to take action and verify their eligibility by contacting Levi & Korsinsky directly:
Joseph E. Levi, Esq.
Email: [email protected]
* Phone: (212) 363-7500

For more details and to begin the process, visit Levi & Korsinsky's website.

Final Thoughts

This is a critical juncture for investors in Varonis Systems. The upcoming deadline of March 9, 2026, for participating in the class action against Varonis is a definitive window for affected shareholders to consider their next steps. Joining this class action could provide a pathway to financial restitution for many individuals facing loss from their investments in Varonis.