Investor Alert: Class Action Lawsuit Filed Against Varonis Systems, Inc. – Important Deadlines Ahead
Investor Alert on Varonis Systems, Inc.
In a significant development for investors, the Pomerantz Law Firm has announced the initiation of a class action lawsuit against Varonis Systems, Inc., a company traded on NASDAQ under the ticker VRNS. This lawsuit arises following distressing financial disclosures from the company that indicated substantial losses affecting shareholders.
Key Details of the Lawsuit
Investors who have faced losses due to their investments in Varonis are advised to reach out to Danielle Peyton of Pomerantz LLP. Investors can contact her at [email protected] or call 646-581-9980. The firm has encouraged potential class members to provide their mailing addresses, phone numbers, and the number of shares they purchased when making inquiries.
The class action specifically targets claims concerning possible securities fraud and illegal business practices allegedly undertaken by Varonis and some of its executives. The lawsuit aims to hold the company accountable for any misconduct that may have led to the financial downturn experienced by its shareholders.
Important Deadlines for Investors
For those who acquired Varonis securities during the designated Class Period, it is crucial to act promptly. Interested individuals must file to be appointed as Lead Plaintiff by March 9, 2026. This deadline is critical for those looking to assert their rights as part of the class action.
More information regarding the complaint can be accessed at the Pomerantz website, www.pomerantzlaw.com.
Financial Performance Under Scrutiny
The impetus for the class action primarily stems from Varonis’s financial results released on October 28, 2025. The company announced revenues that fell below expectations, noting a staggering 63.9% drop in term license subscription revenues compared to the previous year. This disappointing revelation led to a significant adjustment in their annual recurring revenue (ARR) guidance, further indicating that their on-premises subscription business was underperforming.
In a follow-up earnings call, the company's Co-Founder, Yakov Faitelson, referred to this segment as a
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