Varonis Systems Inc. is facing a securities class action lawsuit alleging that the company made materially false and misleading statements regarding its ability to maintain annual recurring revenue projections during the transition of customers to its software-as-a-service offering. The lawsuit claims Varonis was not adequately prepared to retain or convert existing customers, impacting its revenue growth potential, and that investors suffered damages when the true situation became known. Investors who purchased Varonis stock between February 4, 2025 and October 28, 2025 may be able to join the class action, with a lead plaintiff deadline set for March 9, 2026.

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 Newsfile (Ref. ID: 202602171920NEWSFILECNPR____20260217_284147_1) on February 18, 2026, and is solely responsible for the information contained therein.