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 claims Alarum misrepresented its ability to retain and expand customer engagements, leading to a significant revenue decline. On August 26, 2024, the company announced Q3 revenue guidance of $7 million, far below analyst projections of $9.2 million, causing its stock price to drop 31.34%.
April 08, 2025 | 2:15 pm
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The class action lawsuit alleges Alarum misled investors about its business performance, potentially damaging the company's reputation and financial standing.
The lawsuit directly targets Alarum Technologies, alleging securities fraud by misrepresenting revenue growth and customer engagement. The significant stock price drop and potential legal penalties could negatively impact investor sentiment and the company's market valuation.
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