What are the main allegations in the Varonis Systems securities class action lawsuit?

The lawsuit alleges Varonis and its executives made false statements regarding their ability to transition legacy customers to a SaaS model. It claims they concealed that the company lacked the tools to maintain ARR growth, leading to stock price inflation and subsequent investor losses.

What is the lead plaintiff deadline for the Varonis (VRNS) investor lawsuit?

Investors who suffered financial losses have until March 9, 2026, to petition the court to be appointed as lead plaintiff. This role allows a shareholder to represent the class and direct the litigation against Varonis Systems, Inc. for alleged violations of federal securities laws.

Why did Varonis Systems stock experience a significant price drop in late 2025?

The decline followed disclosures that the company’s SaaS conversion strategy was failing. While management issued positive growth outlooks, actual customer retention and transition rates were lower than represented, causing the stock to crash once the true state of ARR potential was revealed.

How can Varonis Systems (VRNS) shareholders participate in the Faruqi & Faruqi investigation?

Investors who purchased VRNS securities and suffered losses can provide their information to Faruqi & Faruqi, LLP. The firm is investigating claims to determine if management intentionally misled the market regarding the company's operational readiness for its SaaS offering transition.

What does the Varonis class action say about the company's Annual Recurring Revenue (ARR)?

The complaint alleges Varonis concealed material facts showing it was not equipped to convince users to adopt SaaS. This resulted in a hidden, significant reduction in near-term ARR growth potential, making the company's financial health appear much stronger to investors than it actually was.

Varonis Systems, Inc. - Faruqi & Faruqi LLP

Varonis Systems, Inc.

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Case Details

Ticker VRNS

Class Period 02/04/2025 - 10/28/2025

Lead Plaintiff Deadline 03/09/2026

Days Left to Seek Plaintiff

If you are a Varonis Systems investor who suffered a loss and would like to learn more, you can provide your information below:

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Varonis Systems, Inc. (“Varonis” or the “Company”) (NASDAQ: VRNS) and reminds investors of the March 9, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: Defendants provided 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 those customers on its platform, resulting in significantly reduced ARR growth potential in the near-term. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Varonis’ securities at artificially inflated prices.

Lead Plaintiff Deadline: March 9, 2026

Call Partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310)
Or submit your information below to learn about your rights.

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