A class action lawsuit has been filed against Varonis Systems Inc. and certain of its officers, alleging violations of federal securities laws. The complaint claims that, during the period from February 4, 2025 to October 28, 2025, the company made materially false and misleading statements and failed to disclose significant adverse facts regarding its ability to convert its existing customer base to its SaaS offering. Specifically, it is alleged that Varonis overstated its capacity to persuade customers to transition to its platform, which impacted its annual recurring revenue growth prospects. Investors who purchased Varonis securities during the class period and suffered losses have until March 9, 2026, to seek appointment as lead plaintiff in the case. The law firm representing the plaintiffs is pursuing the case on a contingency fee basis, meaning fees are only collected if there is a recovery.

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: 202602131200PRIMZONEFULLFEED9652255) on February 13, 2026, and is solely responsible for the information contained therein.