Varonis Systems Securities Fraud Class Action

Varonis Systems Securities Fraud Investigation

Contact UsFree Case Evaluation

"*" indicates required fields

First Name*

Last Name*

Email Address*

Phone Number*

Practice Area

City*

State*

Please describe your potential case or matter.**

By clicking SUBMIT you agree to our Terms of Use and Privacy Policy and you are providing express consent to receive communications from Berger Montague via calls, emails, and/or text messages.

Practice Area: Securities Fraud & Investor Protection

Case Status: Pending

Ticker Symbol: NASDAQ: VRNS

Investigation Deadline: March 9, 2026

A class action lawsuit has been filed against Varonis Systems, Inc. (NASDAQ: VRNS) on behalf of investors who purchased or otherwise acquired Varonis securities during the period of February 4, 2025 through October 28, 2025 (the “Class Period”).

Investor Deadline: Investors who purchased Varonis securities during the Class Period may, no later than March 9, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, contact Berger Montague.

Headquartered in Miami, Fla., Varonis is a global security company offering software products to detect advanced security threats using AI-powered technologies.

The lawsuit alleges that Varonis and its senior executives misled investors as to the true state of the Company’s ability to convert its existing customer base. Defendants raised investor expectations despite knowing that Varonis was not positioned to successfully convince existing users of the benefits of converting to the Company’s SaaS offering, resulting in significantly reduced annual recurring revenue (ARR) growth potential in the near-term.

Investors learned the truth on October 28, 2025, when Varonis announced its third quarter 2025 financial results, disclosing a significant ARR miss and reducing its guidance for the full fiscal year 2025 – despite having raised its projections in the previous two consecutive quarters. The Company blamed weaker than expected renewals and conversions in their federal and non-federal on-premises subscription business. In addition, Varonis announced at the same time the end-of-life of its self-hosted solution, as well as a 5% headcount reduction.

Following this news, Varonis’ common stock declined dramatically, from a closing price of $63.00 per share on October 28, 2025 to a close of $32.34 per share on October 29, 2025 – a decline of $30.66 per share, or more than 48%, in a single day.

If you are a Varonis investor and would like to learn more about this action, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.