We recently compiled a list of the 15 Best Strong Buy Tech Stocks to Invest In. The next stock on our list of best tech stocks is Varonis Systems, Inc. TheFly reported on February 5 that DA Davidson analyst Rudy Kessinger upgraded VRNS from Neutral to Buy and raised the price target to $30 from $25. The firm highlighted the company’s strong software-as-a-service annual recurring revenue growth, excluding conversions, and noted that guidance of 18%-20% leaves room for upside. DA Davidson expects VRNS to ac ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Varonis Systems, Inc. during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Varonis common stock between February 4, 2025, and October 28, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by March 9, 2026 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in recovering significant amounts for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including a record settlement against a Chinese company and ranking highly in the number of settlements achieved [4]. Group 3: Case Allegations - The lawsuit alleges that Varonis made materially false and misleading statements regarding its ability to maintain annual recurring revenue (ARR) projections while transitioning customers to a software-as-a-service (SaaS) model [5]. - It is claimed that Varonis was not adequately prepared to convince existing users of the benefits of the SaaS offering, leading to reduced ARR growth potential [5]. - The lawsuit asserts that the misleading statements resulted in investor damages when the true situation was revealed [5].

Core Viewpoint - Varonis Systems, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its ability to convert its customer base to a SaaS model, resulting in a significant decline in stock price following disappointing financial results [3][4]. Group 1: Allegations and Financial Impact - The lawsuit claims that Varonis provided overly positive statements while concealing material adverse facts about its customer conversion capabilities, leading to reduced annual recurring revenue (ARR) growth potential [3]. - On October 28, 2025, Varonis reported a significant miss in ARR and lowered its full-year guidance, attributing this to weaker-than-expected renewals and conversions in its subscription business [3]. - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share, marking a decline of approximately 48.67% in just one day [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 4, 2025, to October 28, 2025, and shareholders are encouraged to register for potential lead plaintiff appointment [3][4]. - The deadline for shareholders to register is March 9, 2026, and participation in the case incurs no cost or obligation [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflate stock prices [5].

Core Viewpoint - Varonis Systems, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 4, 2025, and October 28, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that Varonis provided misleading statements about its ability to convert its customer base to its SaaS offering, which led to a significant reduction in annual recurring revenue (ARR) growth potential [1] - On October 28, 2025, Varonis reported third-quarter financial results that significantly missed ARR expectations and lowered its full-year guidance, attributing this to weaker than expected renewals and conversions in its subscription business [1] - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share on October 29, 2025, marking a decline of approximately 48.67% in just one day [1] Group 2: Investor Actions - Investors who suffered losses during the specified timeframe have until March 9, 2026, to request appointment as lead plaintiff in the lawsuit [1] - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [1] Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [1] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [1]

Core Viewpoint - Varonis Systems, Inc. is facing a securities class action lawsuit due to allegations of misleading investors about its transition to a Software-as-a-Service (SaaS) model, which resulted in significant financial losses for shareholders [1]. Company Performance - The lawsuit claims that Varonis executives misrepresented the company's ability to convert its legacy on-premise customer base to its new SaaS platform, leading to a 63.9% year-over-year decline in term license subscription revenues disclosed on October 28, 2025 [1]. - Following this disclosure, Varonis's stock price plummeted by 48%, dropping from $63.00 to $32.34, resulting in a loss of approximately $3.8 billion in market capitalization [1]. Allegations of Misleading Statements - The litigation alleges that Varonis provided false assurances regarding its SaaS transition, claiming it was "well on our way to becoming a SaaS company" and that it would "accelerate [its] SaaS transition" [1]. - The company reportedly misrepresented its conversion potential, stating that it had a "massive opportunity to increase the ARR from our existing customer base," while the reality indicated a struggle to convince on-premises users to migrate [1]. Financial Guidance and Performance Issues - Following a disappointing Q3 performance, Varonis significantly reduced its Q4 revenue and full-year annual recurring revenue (ARR) guidance [1]. - The lawsuit highlights that weaker renewals in both the Federal vertical and non-Federal on-prem subscription business contributed to the company's performance miss, contradicting previous optimistic statements from Varonis [1].

Core Viewpoint - A securities class action lawsuit has been filed against Varonis Systems, Inc. (VRNS) for alleged material misstatements and omissions affecting investors who purchased stock between February 4, 2025, and October 28, 2025 [1] Summary by Relevant Sections Lawsuit Details - The lawsuit is initiated by Kessler Topaz Meltzer & Check, LLP on behalf of investors who acquired Varonis common stock during the specified class period [1] - The lead plaintiff deadline for the lawsuit is set for March 9, 2026 [1] Allegations - The complaint alleges that Varonis was not adequately prepared to sustain its Annual Recurring Revenue (ARR) growth without maintaining a high rate of quarterly conversions [1] - It is claimed that the positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis throughout the class period [1] Investor Information - Affected investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP for assistance in recovering investment losses [1] - Investors have the option to seek appointment as a lead plaintiff or remain as absent class members, with the ability to share in any recovery not affected by their decision [1]

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from February 4, 2025, to October 28, 2025 [6]. Group 1: Allegations - The lawsuit claims that Varonis failed to disclose that it was not adequately prepared to sustain its Annual Recurring Revenue (ARR) growth without maintaining a high rate of quarterly conversions [6]. - Defendants' positive statements about Varonis's business were allegedly misleading and lacked a reasonable basis [6]. - The company reported a significant decline in term license subscription revenues, with a year-over-year decrease of 63.9% [6]. Group 2: Financial Impact - On October 28, 2025, Varonis announced its third-quarter financial results, which missed consensus estimates and led to a reduction in full-year ARR guidance due to underperformance in its on-prem subscription business [6]. - Following the announcement, Varonis's stock price dropped by $30.66, or 48.7%, closing at $32.34 per share on October 29, 2025 [6]. Group 3: Next Steps for Investors - Investors who purchased Varonis shares during the class period and suffered losses are encouraged to contact Bragar Eagel & Squire, P.C. to discuss their legal rights and options [4][6].

Core Insights - Varonis Systems Inc. (NASDAQ:VRNS) experienced a significant stock price increase of 13.07%, closing at $25.61, driven by positive ratings from multiple investment firms [1][6]. Group 1: Ratings and Price Targets - Six investment firms, including DA Davidson, UBS, B. Riley, Wedbush, Truist, and RBC, assigned "overweight" and "buy" ratings to Varonis, but lowered their price targets to a range of $30 to $45 from a previous range of $30 to $60 [2]. - Morgan Stanley maintained an "equal weight" rating while reducing its price target to $27 [2]. Group 2: Acquisition and Strategic Positioning - Varonis recently acquired AllTrue.ai, an AI trust, risk, and security management company, which is expected to enhance the company's capabilities in managing AI systems [3]. - The acquisition aims to provide real-time visibility and security for AI systems, complementing Varonis' expertise in enterprise data, identities, and access [3][4]. Group 3: Market Sentiment and Future Outlook - The positive market sentiment surrounding Varonis is reflected in its stock performance, although there are suggestions that other AI stocks may offer higher returns with lower risk [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Varonis Systems, Inc. during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Varonis common stock between February 4, 2025, and October 28, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The deadline to move the court to serve as lead plaintiff is March 9, 2026 [3]. Group 2: Case Background - The lawsuit alleges that Varonis made materially false and misleading statements regarding its ability to maintain Annual Recurring Revenue (ARR) projections while transitioning customers to a software-as-a-service (SaaS) model [5]. - It is claimed that Varonis was not adequately prepared to convince existing users of the benefits of the SaaS offering, leading to reduced ARR growth potential [5]. - The lawsuit asserts that the misleading statements about Varonis' business and prospects resulted in investor damages when the truth was revealed [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been recognized as a leader in the field [4].

Group 1 - The article discusses Varonis Systems (VRNS) and highlights the potential for growth acceleration due to underlying momentum [1] - The transition within the company has been completed ahead of expectations, indicating positive operational progress [1] Group 2 - The author emphasizes a diverse investing background, incorporating fundamental, technical, and momentum investing strategies to enhance the investment process [1]