SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Alarum
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Faruqi & Faruqi, LLP is investigating potential securities law violations by Alarum Technologies Ltd (ALAR). The law firm alleges that the company made false statements about customer retention, revenue growth, and financial prospects. On August 26, 2024, Alarum announced Q3 2024 revenue guidance of $7 million, significantly lower than the $9.2 million analysts projected, causing its ADR price to drop 31.34%.
March 23, 2025 | 1:30 pm
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NEGATIVE IMPACT
The company is under investigation for potentially misleading investors about its revenue growth and customer engagement, which could impact its stock performance and investor confidence.
The potential lawsuit, combined with the significant stock price drop and lowered revenue guidance, suggests negative short-term implications for ALAR's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100