INVESTOR ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Alarum Technologies Ltd. and Certain Officers – ALAR
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Pomerantz LLP has filed a class action lawsuit against Alarum Technologies (ALAR) alleging the company made false and misleading statements about its business performance. The lawsuit covers the period from March 14 to August 26, 2024, during which Alarum reportedly misrepresented its customer retention and revenue growth. On August 26, 2024, the company announced Q3 revenue guidance of $7 million, significantly lower than analyst projections of $9.2 million, causing its ADR price to drop 31.34%.
April 03, 2025 | 12:15 pm
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The class action lawsuit alleges Alarum misled investors about its business performance, with potential significant legal and financial consequences for the company.
The lawsuit directly targets Alarum Technologies, alleging securities fraud during the specified class period. The significant stock price drop and potential legal damages suggest negative short-term implications for the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100