Investors who bought Varonis Systems common stock between Feb. 4, 2025 and Oct. 28, 2025 have until March 9, 2026 to seek appointment as lead plaintiff in a proposed securities class action in the Southern District of New York. The suit alleges the company and certain executives misled investors about revenue growth prospects and the effectiveness of its shift to a SaaS model, while downplaying seasonality and macroeconomic risks. Varonis reported third-quarter 2025 results below prior projections and cut full-year guidance on Oct. 28, 2025, after which its shares fell nearly 49%, according to the complaint.

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