An investigation for investors in Varonis Systems Inc (NASDAQ:VRNS) shares over potential securities laws violations by Varonis Systems was announced and NASDAQ:VRNS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/18/2015 -- An investigation on behalf of investors of Varonis Systems Inc (NASDAQ:VRNS) shares over potential securities laws violations by Varonis Systems and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Varonis Systems Inc (NASDAQ:VRNS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Varonis Systems Inc (NASDAQ:VRNS) concerning whether a series of statements by Varonis Systems regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Varonis Systems Inc (NASDAQ:VRNS) grew from $17.87 per share in October 2014 to as high as $38.48 per share on February 13, 2015. On February 17, 2015, Varonis Systems Inc announced its fourth quarter and full year 2014 financial results. Varonis Systems Inc reported that its annual Total Revenue rose from $74.62 million in 2013 to $101.35 million in 2014.
On May 6, 2015, after the market closed, Varonis Systems Inc announced its first quarter 2015 financial results. Among other things, Varonis Systems Inc said that its GAAP net loss was $12.7 million, compared to GAAP net loss of $8.1 million in the first quarter of 2014. Varonis Systems Inc also issued its financial outlook for the second quarter 2015 and full year 2015. Shares of Varonis Systems Inc (NASDAQ:VRNS) declined from $27.84 per share on May 6, 2015, to as low as $17.17 per share on May 7, 2015.
On May 14, 2015, NASDAQ:VRNS shares closed at $19.72 per share.
Those who purchased shares of Varonis Systems Inc (NASDAQ:VRNS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com