Varonis Investors Urged to Seek Lead Role in SDNY Securities Suit as March 9 Deadline Nears
A March 9 deadline governs motions to serve as lead plaintiff in the SDNY case over alleged misstatements on SaaS conversions and ARR.
Overview
- Robbins Geller says the case is captioned Molchanov v. Varonis Systems, Inc., No. 26-cv-00117 (S.D.N.Y.), covering purchases from February 4, 2025 through October 28, 2025.
- Complaints allege Varonis could not sustain ARR targets while converting on‑premises customers to its SaaS offering and that prior public statements lacked a reasonable basis.
- Rosen Law Firm specifies that investors may pursue recovery on a contingency basis and emphasizes securing experienced counsel for potential lead‑plaintiff bids.
- The Law Offices of Frank R. Cruz and Rosen remind investors that no class has been certified and that investors are not represented unless they retain counsel.
- Filings cite the October 28, 2025 disclosure of lower renewals and reduced guidance, after which Varonis shares fell about 49%, with the CEO attributing the shortfall to weaker federal and on‑prem renewals.