A class action lawsuit has been filed against Varonis Systems Inc. on behalf of investors who acquired shares between February 4, 2025 and October 28, 2025. The suit alleges that the company and its executives misled investors about Varonis' ability to convert its existing customer base to its SaaS offering, which led to reduced annual recurring revenue growth potential. After the truth about customer renewals and conversions emerged, Varonis' stock price fell by more than 48% in a single day. Investors have until March 9, 2026 to seek appointment as lead plaintiff in the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Varonis Systems Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602170841PRIMZONEFULLFEED9654974) on February 17, 2026, and is solely responsible for the information contained therein.