INVESTOR DEADLINE APPROACHING: 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 the company made false statements about customer engagement and revenue growth. On August 26, 2024, Alarum announced Q3 2024 revenue guidance of $7 million, significantly lower than the $9.2 million analyst projection, causing its stock to drop 31.34%.
April 09, 2025 | 2:30 pm
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Faruqi & Faruqi is investigating claims that Alarum misrepresented its financial performance, with potential legal implications for investors who suffered losses over $75,000 between March and August 2024.
The potential lawsuit, combined with the significant stock price drop and lowered revenue guidance, suggests negative short-term implications for ALAR's stock price. The legal investigation and public scrutiny could further erode investor confidence.
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