Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of Varonis Systems, Inc. (NASDAQ: VRNS) common stock between February 4, 2025 and October 28, 2025, both dates inclusive (the “Class Period”). Varonis is a global security company.

For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.

The Allegations: Rosen Law Firm is Investigating the Allegations that Varonis Systems, Inc. (NASDAQ: VRNS) Misled Investors Regarding its Business Operations.

According to the lawsuit, defendants provided investors with material information concerning Varonis’ expected annual recurring revenue (“ARR”) for the 2025 fiscal year. Defendants’ statements included, among other things, confidence in Varonis’ ability to maintain ARR projections while converting both its federal and non-federal existing on-prem customers to the software-as-a-service (“SaaS”) alternative offering.

The lawsuit alleges that defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Varonis’ ability to convert its existing customer base; notably, that it was not truly equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain these customers on its platform, resulting in significantly reduced ARR growth potential in the near-term. Such statements absent these material facts caused shareholders to purchase Varonis’ securities at artificially inflated prices. When the true details entered the market, the lawsuit claims that investors suffered damages.

What Now: You may be eligible to participate in the class action against Varonis Systems, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by March 9, 2026. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

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