Varonis Systems, Inc. Securities Fraud Investigation

Shamis & Gentile, P.A. is investigating claims on behalf of investors of Varonis Systems, Inc. ("Varonis Systems" or the "Company") (VRNS). Impacted investors are advised to contact the firm now.

The law firm is investigating whether Varonis Systems and certain of its officers and directors made misrepresentations or failed to disclose material information regarding the Company’s business performance, renewal trends, and transition to a software-as-a-service (“SaaS”) model between May 6 and October 28, 2025.

On May 6, 2025, Varonis reported first-quarter 2025 results, emphasized strong demand for its SaaS platform, and said it was raising full-year annual recurring-revenue guidance, citing adoption trends and momentum in its SaaS transition. In the second-quarter results on July 29, 2025, management again described growing demand for Varonis SaaS and reported that SaaS accounted for about 69% of ARR, with expectations for further growth.

However, on October 28, 2025, Varonis announced third-quarter fiscal 2025 results that appeared to fall short of market expectations. The Company reported revenue of approximately $161.6 million, lowered ARR guidance, weaker-than-expected renewals in its on-premises subscription business, and announced plans to discontinue support for its self-hosted product by December 31, 2026, while reducing its workforce by about 5%.

Following this news, Varonis stock fell from $63.00 on October 28, to a close of $32.34 on October 29, 2025, causing substantial losses to investors.

If you purchased or otherwise acquired Varonis (VRNS) securities between May 6, 2025, and October 28, 2025, you may be eligible to seek compensation for your losses. Contact Shamis & Gentile, P.A. today to discuss your options.

Shamis & Gentile, P.A. stands out as an advocate for investors who are victims of securities fraud. The firm is committed to securing recoveries for investors who have incurred damages due to false and misleading statements or other corporate misconduct by public companies. Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters, including class actions, mass torts and mass arbitrations.

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