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ALAR Investors Have Opportunity to Lead Alarum Technologies Securities Fraud Lawsuit with Faruqi & Faruqi, LLP

1. Faruqi & Faruqi investigates claims against Alarum for misleading investors. 2. Alarum projected Q3 2024 revenue of $7 million, below $9.2 million expectation. 3. Company's stock fell 31.34% to $14.83 following disappointing guidance announcement. 4. Allegations claim Alarum overstated its financial prospects and customer retention. 5. Investors with losses over $75,000 encouraged to contact the firm.

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FAQ

Why Very Bearish?

Alarum’s substantial revenue miss and class action concerns indicate severe investor dissatisfaction, reminiscent of past similar cases which resulted in prolonged stock price recovery issues.

How important is it?

The ongoing class action and revenue shortfall directly threaten investor confidence in ALAR, leading to increased importance.

Why Short Term?

The immediate impact reflects investor reactions to revenue guidance, though recovery may take longer if litigation drags.

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Alarum To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in Alarum between March 14, 2024 and August 26, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information], /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Alarum Technologies Ltd ("Alarum" or the "Company") (NASDAQ: ALAR) and reminds investors of the April 15, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP) Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) the Company was less effective in retaining and/or expanding customer engagements than it had represented to investors; (ii) the foregoing would impair Alarum's ability to generate consistent revenue growth; (iii) accordingly, Alarum's business and/or financial prospects were overstated; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times. On August 26, 2024, Alarum announced its results for the second quarter of 2024 and issued Q3 2024 guidance.  Specifically, Alarum revealed that it was expecting Q3 2024 revenue of $7 million, far short of the $9.2 million revenue figure projected by analysts.That same day, Alarum hosted an earnings call with investors and analysts to discuss the Company's Q2 2024 results (the "Q2 2024 Earnings Call"), during which Alarum's Chief Executive Officer ("CEO") Defendant Shachar Daniel ("Daniel") attributed the disappointing Q3 2024 revenue guidance to the reduced customer spending Alarum began experiencing in June 2024.Market analysts were quick to comment on the Company's revelation.  For example, on August 27, 2024, Seeking Alpha noted that Alarum's projected Q3 2024 revenue figure "represent[ed] over a 20% decline sequentially and only 3% growth [year-over-year]," and raised several issues with Alarum's disclosure including, among other things, the lack of clarity in the Company's explanation for the drop in customer demand.On this news, Alarum's American Depositary Receipt ("ADR") price fell $6.77 per ADR, or 31.34%, to close at $14.83 per ADR on August 26, 2024.The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Alarum's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.To learn more about the Alarum Technologies Ltd class action, go to www.faruqilaw.com/ALAR or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).Follow us for updates on LinkedIn, on X, or on Facebook.Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.SOURCE Faruqi & Faruqi, LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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