On January 19, 2026, the Rosen Law Firm announced it has filed a securities class action on behalf of all purchasers of Varonis Systems, Inc. common stock between February 4, 2025 and October 28, 2025. The complaint alleges violations of the Securities Exchange Act of 1934, seeking to recover losses suffered when the company’s public statements about its subscription revenue and customer migrations proved false. Investors wishing to be appointed lead plaintiff must file a motion with the Court by March 9, 2026.

The lawsuit contends that Varonis overstated its ability to convert both federal and non-federal on-premises customers to its software-as-a-service platform, projecting annual recurring revenue (ARR) growth that it could not sustain. According to court filings, Varonis knew it lacked sufficient sales and technical support to persuade legacy customers to adopt the SaaS model, yet continued to issue positive statements about near-term subscription growth. When the truth emerged, the company’s shares declined sharply, causing investors to incur substantial damages.

Shareholders who purchased Varonis common stock during the Class Period may be eligible for compensation under a contingency fee arrangement without upfront costs. To join the suit, investors can submit claim forms via Rosen Law’s website or contact Phillip Kim, Esq. by telephone or email. The firm highlights its track record, including securing over $438 million for investors in 2019 and achieving the largest securities class action settlement against a Chinese company at that time. Prospective plaintiffs are reminded that no class has yet been certified and that selecting experienced counsel is critical before the March 9, 2026 deadline.