Alarum Technologies .(ALAR)

Search documents
Shareholders of Alarum Technologies Ltd. Should Contact The Gross Law Firm Before April 15, 2025 to Discuss Your Rights - ALAR
Prnewswire· 2025-04-07 09:45
Core Viewpoint - Alarum Technologies Ltd. is facing allegations of issuing materially false and misleading statements regarding its customer engagement effectiveness and revenue growth potential during the class period from March 14, 2024, to August 26, 2024 [1] Group 1: Allegations and Impact - The complaint claims that Alarum was less effective in retaining and expanding customer engagements than represented to investors [1] - This ineffectiveness is expected to impair Alarum's ability to generate consistent revenue growth [1] - Consequently, the company's business and financial prospects were overstated, leading to materially false and misleading public statements [1] Group 2: Class Action Details - Shareholders who purchased shares of ALAR during the specified class period are encouraged to register for the class action by April 15, 2025 [2] - Registration allows shareholders to be enrolled in a portfolio monitoring software for status updates throughout the case lifecycle [2] - There is no cost or obligation for shareholders to participate in this case [2] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
ALAR Investors Have Opportunity to Lead Alarum Technologies Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
Prnewswire· 2025-04-03 20:30
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Alarum Technologies Ltd due to allegations of misleading statements and failure to disclose important information regarding the company's financial performance and customer engagement [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $75,000 in Alarum between March 14, 2024, and August 26, 2024, to discuss their legal options [1]. - The firm is reminding investors of the April 15, 2025, deadline to seek the role of lead plaintiff in a federal securities class action against Alarum [2]. - The complaint alleges that Alarum and its executives violated federal securities laws by making false statements and failing to disclose that the company was less effective in retaining and expanding customer engagements than represented [4]. Group 2: Financial Performance and Market Reaction - On August 26, 2024, Alarum announced Q2 2024 results and projected Q3 2024 revenue of $7 million, significantly below the $9.2 million expected by analysts [5]. - The CEO attributed the disappointing revenue guidance to reduced customer spending that began in June 2024 [6]. - Following this announcement, Alarum's ADR price fell by $6.77, or 31.34%, closing at $14.83 on August 26, 2024 [8]. Group 3: Analyst Commentary - Market analysts noted that Alarum's projected Q3 2024 revenue represented over a 20% sequential decline and only 3% year-over-year growth, raising concerns about the clarity of the company's explanation for the drop in customer demand [7].
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Alarum Technologies Ltd. Investors to Secure Counsel Before Important April 15 Deadline in Securities Class Action – ALAR
GlobeNewswire News Room· 2025-04-03 18:44
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Alarum Technologies Ltd. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 15, 2025 [1]. Group 1: Class Action Details - Investors who purchased Alarum securities between March 14, 2024, and August 26, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by April 15, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Allegations - The lawsuit alleges that Alarum made false and misleading statements regarding its effectiveness in retaining and expanding customer engagements, which impaired its ability to generate consistent revenue growth [5]. - It is claimed that Alarum's business and financial prospects were overstated, leading to materially false and misleading public statements [5]. - The lawsuit asserts that investors suffered damages when the true details about Alarum's performance were revealed [5].
Shareholders of Alarum Technologies Ltd. Should Contact The Gross Law Firm Before April 15, 2025 to Discuss Your Rights – ALAR
GlobeNewswire News Room· 2025-04-03 17:07
Core Viewpoint - Alarum Technologies Ltd. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its customer engagement effectiveness and revenue growth potential [3][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from March 14, 2024, to August 26, 2024 [3]. - Allegations include that the company was less effective in retaining and expanding customer engagements than represented, which would impair its ability to generate consistent revenue growth [3]. Impact on Business and Financial Prospects - The complaint asserts that Alarum's business and financial prospects were overstated, leading to materially false and misleading public statements [3]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by April 15, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5].
INVESTOR ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Alarum Technologies Ltd. and Certain Officers – ALAR
GlobeNewswire News Room· 2025-04-03 12:00
Core Viewpoint - A class action lawsuit has been filed against Alarum Technologies Ltd. for alleged violations of federal securities laws during the Class Period from March 14, 2024, to August 26, 2024, due to misleading statements regarding the company's business performance and customer engagement [1][6]. Company Overview - Alarum Technologies Ltd. is a global Software as a Service (SaaS) provider that offers web data collection solutions and a private internet browsing platform to a concentrated customer base [4]. - The company operates under a consumption-based business model, generating revenues based on customer usage of its enterprise and consumer access platforms [5]. Financial Performance - Alarum claimed to be a market leader with success in retaining and expanding customer engagements; however, it faced difficulties in this area, leading to a 20% revenue decrease from the prior month by June 2024 [6]. - On August 26, 2024, Alarum announced Q3 2024 revenue guidance of $7 million, significantly below the $9.2 million projected by analysts, indicating a decline of over 20% sequentially and only 3% growth year-over-year [7][9]. Market Reaction - Following the disappointing revenue guidance, Alarum's American Depositary Receipt (ADR) price fell by $6.77, or 31.34%, closing at $14.83 on August 26, 2024 [10].
The Gross Law Firm Reminds Alarum Technologies Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 15, 2025 - ALAR
Prnewswire· 2025-04-03 09:45
Core Viewpoint - Alarum Technologies Ltd. is facing allegations of issuing materially false and misleading statements regarding its customer engagement effectiveness and revenue growth potential during the class period from March 14, 2024, to August 26, 2024 [1] Group 1: Allegations and Impact - The complaint alleges that Alarum was less effective in retaining and expanding customer engagements than represented to investors [1] - This ineffectiveness is expected to impair Alarum's ability to generate consistent revenue growth [1] - Consequently, Alarum's business and financial prospects were overstated, leading to materially false and misleading public statements [1] Group 2: Class Action Details - Shareholders who purchased shares of ALAR during the specified class period are encouraged to register for the class action by April 15, 2025 [2] - Registration allows shareholders to be enrolled in a portfolio monitoring software for status updates throughout the case lifecycle [2] - There is no cost or obligation for shareholders to participate in this case [2] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 15, 2025 in Alarum Technologies Ltd. Lawsuit – ALAR
GlobeNewswire News Room· 2025-04-01 17:28
Core Viewpoint - Alarum Technologies Ltd. is facing a class action securities lawsuit due to alleged securities fraud that occurred between March 14, 2024, and August 26, 2024 [1][2] Group 1: Lawsuit Details - The lawsuit claims that Alarum Technologies Ltd. made false statements regarding its effectiveness in retaining and expanding customer engagements [2] - It is alleged that these misrepresentations would negatively impact Alarum's ability to achieve consistent revenue growth [2] - The complaint asserts that the company's business and financial prospects were overstated, leading to materially false and misleading public statements [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until April 15, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff to be eligible for any potential recovery [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive experience in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
The Gross Law Firm Reminds Alarum Technologies Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 15, 2025 – ALAR
GlobeNewswire News Room· 2025-03-31 17:20
Core Viewpoint - Alarum Technologies Ltd. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its customer engagement effectiveness and revenue growth potential [3][4]. Group 1: Allegations and Class Period - The class period for the lawsuit is from March 14, 2024, to August 26, 2024 [3]. - Allegations include that the company was less effective in retaining and expanding customer engagements than represented, which would impair its ability to generate consistent revenue growth [3]. - The lawsuit claims that Alarum's business and financial prospects were overstated, leading to materially false and misleading public statements [3]. Group 2: Shareholder Actions - Shareholders who purchased shares during the class period are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1][4]. - The deadline for shareholders to register for the class action is April 15, 2025 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software for status updates throughout the case lifecycle [4]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered from deceit, fraud, and illegal business practices [5]. - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].
Shareholders that lost money on Alarum Technologies Ltd.(ALAR) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
Prnewswire· 2025-03-28 09:45
NEW YORK, March 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Alarum Technologies Ltd. ("Alarum Technologies Ltd." or the "Company") (NASDAQ: ALAR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Alarum Technologies Ltd. investors who were adversely affected by alleged securities fraud between March 14, 2024 and August 26, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com ...
Alarum Technologies Ltd. Investors: Please contact the Portnoy Law Firm to recover your losses; April 15, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-03-28 00:00
Core Viewpoint - Alarum Technologies Ltd. is facing a class action lawsuit due to allegations of misleading statements regarding its customer engagement effectiveness, which impacted its revenue growth and financial prospects [3]. Group 1: Class Action Details - The class action represents investors who purchased Alarum securities between March 14, 2024, and August 26, 2024 [1]. - Investors have until April 15, 2025, to file a lead plaintiff motion [1]. Group 2: Allegations Against Alarum - The lawsuit claims that Alarum made false and misleading statements about its ability to retain and expand customer engagements [3]. - This alleged weakness hindered the company's ability to achieve consistent revenue growth, leading to an overstatement of its business and financial prospects [3]. - The lawsuit asserts that when the true details emerged, investors suffered financial losses [3].