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Important Announcement for Varonis Systems, Inc. Shareholders

The Gross Law Firm is issuing a crucial notice for investors of Varonis Systems, Inc. (NASDAQ: VRNS). If you acquired shares of Varonis during the specified class action period, which runs from February 4, 2025, to October 28, 2025, you may be eligible to join a class action lawsuit with a lead plaintiff deadline set for March 9, 2026.

This warning stems from allegations that Varonis provided misleading statements about its business performance while concealing significant negative developments that could affect shareholder value. In particular, it is alleged that the company promoted overly optimistic claims about its capacity to transform its existing customer base and sustain its Software as a Service (SaaS) model, which has proven to be less effective than portrayed. The company's failure to persuade current users of its SaaS offerings has led to reduced annual recurring revenue (ARR) projections, raising concerns about its short-term growth prospects.

On October 28, 2025, Varonis shocked investors with its third-quarter fiscal results, reporting a serious shortfall in ARR and downward revisions to its forecasts for the entire fiscal year. This stark contrast to previous upbeat guidance has alarmed market analysts and shareholders alike, particularly as the firm attributed poor performance to subpar renewals and conversions within its on-premises subscription services. Compounding matters, the company announced it would phase out its self-hosted solutions and cut its workforce by 5%.

As a result of this avalanche of negative news, Varonis’ stock saw a staggering decline, plummeting nearly 49% from a closing price of $63.00 per share on the announcement date to just $32.34 on the following day. For investors who have sustained losses due to these developments, registering for the class action is a critical step to potentially recover some of these losses.

Steps for Shareholders

To participate in the class action, interested shareholders should promptly register to ensure that they are included. The Gross Law Firm will provide updates about the case and assist participants throughout the legal process via an innovative portfolio monitoring system designed to keep investors informed on their status. Ensure you don’t miss the lead plaintiff deadline by registering today.

Why Choose the Gross Law Firm?

The Gross Law Firm is a highly regarded national law firm specializing in class actions, focusing on upholding investor rights and pursuing justice for shareholders impacted by corporate malfeasance. The firm is dedicated to holding enterprises accountable for deceptive practices that inflate stock prices, ultimately damaging investor interests. Their commitment is to build trust through responsible representation and effective legal action.

As you consider your options, remember that participation in this lawsuit carries no financial obligations. Additionally, prior results achieved by the firm do not guarantee similar outcomes, but their track record reflects a commitment to seeking justice for affected stakeholders.

For inquiries or further information, contact The Gross Law Firm directly at their New York office:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Email: [email protected]
Phone: (646) 453-8903