Varonis Systems Faces Class Action for Securities Fraud
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy VRNS?
Source: Globenewswire
- Lawsuit Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Varonis Systems for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between February 4, 2025, and October 28, 2025.
- False Statements: The complaint alleges that Varonis made overly optimistic claims about converting existing customers to its SaaS platform, while the company struggled to persuade customers to switch, thereby reducing its annual recurring revenue (ARR) growth potential.
- Investor Losses: As the market learned the truth about Varonis, investors suffered damages, indicating that the company's public statements were false and materially misleading throughout the class period, severely impacting investor confidence.
- Legal Consultation Opportunity: The Schall Law Firm encourages affected shareholders to contact them before March 9, 2026, to participate in the lawsuit and seek compensation for losses, noting that the class has not yet been certified, meaning investors are not represented by an attorney until then.
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Analyst Views on VRNS
Wall Street analysts forecast VRNS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRNS is 52.18 USD with a low forecast of 37.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
14 Buy
4 Hold
0 Sell
Strong Buy
Current: 26.290
Low
37.00
Averages
52.18
High
80.00
Current: 26.290
Low
37.00
Averages
52.18
High
80.00
About VRNS
Varonis Systems, Inc. is a data security company. The Company’s cloud-native data security platform discovers and classifies critical data, removes exposures, and detects advanced threats with artificial intelligence (AI)-powered automation. Varonis software enables enterprises of all sizes and industries to protect data stored in the cloud and on-premises, including sensitive files, emails and databases; confidential personal data belonging to customers, patients and employees; financial records; source code, strategic and product plans; and other intellectual property. Its SaaS product portfolio includes two product lines: its flagship Varonis Data Security Platform, which protects Microsoft 365, Windows file shares, Active Directory, Edge devices (VPN, DNS, proxy), UNIX/Linux and hybrid NAS storage, and DatAdvantage Cloud, which protects IaaS environments and SaaS applications, such as Salesforce, AWS, Azure, Google Cloud, Google Workspace, Databricks, ServiceNow, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Faruqi & Faruqi Investigates Varonis Securities Fraud Claims
- Legal Investigation Launched: Faruq & Faruqi, LLP is investigating potential securities fraud claims against Varonis Systems, Inc., particularly for investors who purchased securities between February 4, 2025, and October 28, 2025, indicating significant legal risks for the company.
- Declining Financial Performance: Varonis reported a significant miss in ARR in its Q3 2025 earnings, coupled with lowered guidance for the fiscal year, reflecting poor performance in customer renewals and conversions, which may further erode investor confidence.
- Stock Price Plummet: Following the earnings announcement on October 28, 2025, Varonis' stock price fell dramatically from $63.00 to $32.34 per share, a drop of approximately 48.67% in one day, highlighting strong market concerns regarding its financial health and potentially triggering more legal actions from investors.
- Class Action Opportunity: Faruq & Faruqi reminds investors that March 9, 2026, is the deadline to apply to serve as lead plaintiff in the federal securities class action, encouraging affected investors to contact the firm to discuss their legal rights and potential claims.
See More
Varonis Systems Faces Class Action for Securities Fraud
- Lawsuit Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Varonis Systems for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between February 4, 2025, and October 28, 2025.
- False Statements: The complaint alleges that Varonis made overly optimistic claims about converting existing customers to its SaaS platform, while the company struggled to persuade customers to switch, thereby reducing its annual recurring revenue (ARR) growth potential.
- Investor Losses: As the market learned the truth about Varonis, investors suffered damages, indicating that the company's public statements were false and materially misleading throughout the class period, severely impacting investor confidence.
- Legal Consultation Opportunity: The Schall Law Firm encourages affected shareholders to contact them before March 9, 2026, to participate in the lawsuit and seek compensation for losses, noting that the class has not yet been certified, meaning investors are not represented by an attorney until then.
See More
Varonis Systems Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: Varonis Systems, Inc. (NASDAQ: VRNS) is facing a class action lawsuit alleging securities fraud, with plaintiffs claiming that the company and its executives made false representations regarding its ability to convert existing customers between February 4 and October 28, 2025, resulting in investor losses.
- Investor Rights: Investors who purchased Varonis stock during the specified period must file to become lead plaintiffs by March 9, 2026, to represent other shareholders in the litigation, while those who take no action will remain absent class members, potentially limiting their recovery options.
- Legal Fee Arrangement: The lawsuit operates on a contingency fee basis, meaning shareholders incur no fees or expenses, which reduces the financial burden on investors and encourages more affected shareholders to participate in the legal proceedings.
- Law Firm Background: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has extensive experience in class action litigation, having been recognized multiple times as one of the top plaintiff law firms in the nation, underscoring its capability in protecting investor rights.
See More
Varonis Systems Faces Securities Class Action Lawsuit
- Lawsuit Notification Issued: Hagens Berman law firm has issued a notice to investors in Varonis Systems (NASDAQ: VRNS) regarding the March 9, 2026, lead plaintiff deadline in a pending securities class action lawsuit against the company and its executives.
- Performance Decline Revealed: The lawsuit alleges that Varonis executives misled the market about the company's ability to transition its legacy customers to a new SaaS platform, with a shocking 63.9% year-over-year decline in license subscription revenues disclosed on October 28, 2025, leading to a 48% stock crash.
- Market Value Loss: Following the poor performance, Varonis lost $3.8 billion in market capitalization within just 24 hours, highlighting significant challenges the company faces during its transition and a sharp decline in investor confidence.
- Guidance Cut Significantly: After missing Q3 expectations, Varonis slashed its Q4 and full-year ARR guidance, exacerbating market concerns regarding its future growth potential.
See More
Varonis Systems Faces Securities Class Action Lawsuit
- Lawsuit Notification Issued: Hagens Berman law firm has issued a notice to investors in Varonis Systems (NASDAQ:VRNS), reminding them to submit applications to become lead plaintiffs by March 9, 2026, in a pending securities class action lawsuit against the company.
- Litigation Background: The lawsuit alleges that Varonis and its executives misled the market between February 4 and October 28, 2025, claiming the company could seamlessly transition its legacy customers to a Software-as-a-Service (SaaS) platform, while in reality, its annual recurring revenue (ARR) faced significant declines.
- Significant Financial Impact: The October 28, 2025 disclosure revealed a staggering 63.9% year-over-year decline in license subscription revenues, leading to a 48% stock crash that wiped out $3.8 billion in market capitalization, causing substantial losses for investors.
- Investor Action Call: Hagens Berman urges investors who purchased VRNS shares during the class period and suffered losses to submit their information promptly to participate in the lawsuit and seek compensation.
See More
Varonis Faces Class Action Lawsuit Impacting Investors
- Class Action Initiated: Kessler Topaz Meltzer & Check, LLP has filed a class action lawsuit against Varonis Systems, Inc. on behalf of investors who purchased stock between February 4, 2025, and October 28, 2025, indicating significant legal risks that may impact the company's stock performance.
- Allegations of Misrepresentation: The lawsuit alleges that Varonis failed to disclose its ability to sustain growth, particularly in maintaining high quarterly conversion rates, which has severely undermined investor confidence in the company's prospects and could lead to shareholder losses.
- Lead Plaintiff Process: Investors must apply by March 9, 2026, to be appointed as lead plaintiff, representing all affected investors in the litigation, a process that could affect their legal rights and potential recoveries.
- Law Firm Background: Kessler Topaz Meltzer & Check, LLP is a leading law firm focused on securities fraud class actions, having successfully represented major investors, showcasing its strong capabilities and influence in the securities litigation field.
See More
Faruqi & Faruqi Investigates Varonis Securities Fraud Claims
- Legal Investigation Launched: Faruq & Faruqi, LLP is investigating potential securities fraud claims against Varonis Systems, Inc., particularly for investors who purchased securities between February 4, 2025, and October 28, 2025, indicating significant legal risks for the company.
- Declining Financial Performance: Varonis reported a significant miss in ARR in its Q3 2025 earnings, coupled with lowered guidance for the fiscal year, reflecting poor performance in customer renewals and conversions, which may further erode investor confidence.
- Stock Price Plummet: Following the earnings announcement on October 28, 2025, Varonis' stock price fell dramatically from $63.00 to $32.34 per share, a drop of approximately 48.67% in one day, highlighting strong market concerns regarding its financial health and potentially triggering more legal actions from investors.
- Class Action Opportunity: Faruq & Faruqi reminds investors that March 9, 2026, is the deadline to apply to serve as lead plaintiff in the federal securities class action, encouraging affected investors to contact the firm to discuss their legal rights and potential claims.
See More
Varonis Systems Faces Class Action for Securities Fraud
- Lawsuit Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Varonis Systems for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between February 4, 2025, and October 28, 2025.
- False Statements: The complaint alleges that Varonis made overly optimistic claims about converting existing customers to its SaaS platform, while the company struggled to persuade customers to switch, thereby reducing its annual recurring revenue (ARR) growth potential.
- Investor Losses: As the market learned the truth about Varonis, investors suffered damages, indicating that the company's public statements were false and materially misleading throughout the class period, severely impacting investor confidence.
- Legal Consultation Opportunity: The Schall Law Firm encourages affected shareholders to contact them before March 9, 2026, to participate in the lawsuit and seek compensation for losses, noting that the class has not yet been certified, meaning investors are not represented by an attorney until then.
See More
Varonis Systems Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: Varonis Systems, Inc. (NASDAQ: VRNS) is facing a class action lawsuit alleging securities fraud, with plaintiffs claiming that the company and its executives made false representations regarding its ability to convert existing customers between February 4 and October 28, 2025, resulting in investor losses.
- Investor Rights: Investors who purchased Varonis stock during the specified period must file to become lead plaintiffs by March 9, 2026, to represent other shareholders in the litigation, while those who take no action will remain absent class members, potentially limiting their recovery options.
- Legal Fee Arrangement: The lawsuit operates on a contingency fee basis, meaning shareholders incur no fees or expenses, which reduces the financial burden on investors and encourages more affected shareholders to participate in the legal proceedings.
- Law Firm Background: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has extensive experience in class action litigation, having been recognized multiple times as one of the top plaintiff law firms in the nation, underscoring its capability in protecting investor rights.
See More
Varonis Systems Faces Securities Class Action Lawsuit
- Lawsuit Notification Issued: Hagens Berman law firm has issued a notice to investors in Varonis Systems (NASDAQ: VRNS) regarding the March 9, 2026, lead plaintiff deadline in a pending securities class action lawsuit against the company and its executives.
- Performance Decline Revealed: The lawsuit alleges that Varonis executives misled the market about the company's ability to transition its legacy customers to a new SaaS platform, with a shocking 63.9% year-over-year decline in license subscription revenues disclosed on October 28, 2025, leading to a 48% stock crash.
- Market Value Loss: Following the poor performance, Varonis lost $3.8 billion in market capitalization within just 24 hours, highlighting significant challenges the company faces during its transition and a sharp decline in investor confidence.
- Guidance Cut Significantly: After missing Q3 expectations, Varonis slashed its Q4 and full-year ARR guidance, exacerbating market concerns regarding its future growth potential.
See More
Varonis Systems Faces Securities Class Action Lawsuit
- Lawsuit Notification Issued: Hagens Berman law firm has issued a notice to investors in Varonis Systems (NASDAQ:VRNS), reminding them to submit applications to become lead plaintiffs by March 9, 2026, in a pending securities class action lawsuit against the company.
- Litigation Background: The lawsuit alleges that Varonis and its executives misled the market between February 4 and October 28, 2025, claiming the company could seamlessly transition its legacy customers to a Software-as-a-Service (SaaS) platform, while in reality, its annual recurring revenue (ARR) faced significant declines.
- Significant Financial Impact: The October 28, 2025 disclosure revealed a staggering 63.9% year-over-year decline in license subscription revenues, leading to a 48% stock crash that wiped out $3.8 billion in market capitalization, causing substantial losses for investors.
- Investor Action Call: Hagens Berman urges investors who purchased VRNS shares during the class period and suffered losses to submit their information promptly to participate in the lawsuit and seek compensation.
See More
Varonis Faces Class Action Lawsuit Impacting Investors
- Class Action Initiated: Kessler Topaz Meltzer & Check, LLP has filed a class action lawsuit against Varonis Systems, Inc. on behalf of investors who purchased stock between February 4, 2025, and October 28, 2025, indicating significant legal risks that may impact the company's stock performance.
- Allegations of Misrepresentation: The lawsuit alleges that Varonis failed to disclose its ability to sustain growth, particularly in maintaining high quarterly conversion rates, which has severely undermined investor confidence in the company's prospects and could lead to shareholder losses.
- Lead Plaintiff Process: Investors must apply by March 9, 2026, to be appointed as lead plaintiff, representing all affected investors in the litigation, a process that could affect their legal rights and potential recoveries.
- Law Firm Background: Kessler Topaz Meltzer & Check, LLP is a leading law firm focused on securities fraud class actions, having successfully represented major investors, showcasing its strong capabilities and influence in the securities litigation field.
See More
