Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud impacting investors between February 5, 2024, and February 3, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were negatively affected by the alleged fraud [1]. - Defendants allegedly misled investors regarding Napco's growth expectations and the strength of its hardware division, claiming confidence in achieving fiscal 2026 growth projections [2]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing it to reduced sales from two major distributors, leading to a retraction of their long-term 45% EBITDA margin target [2]. Group 2: Stock Performance - Following the announcement of disappointing financial results, Napco's stock price plummeted from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in one day [2]. Group 3: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 4: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].

Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for allegedly misleading investors about its growth projections and sales performance during the specified period [1][2]. Group 1: Allegations and Financial Performance - Robbins LLP is investigating claims that Napco Security Technologies misled investors regarding its ability to meet fiscal 2026 growth projections, failing to disclose the true state of demand forecasting and distributor negotiations [2]. - The complaint highlights that Napco made optimistic long-term projections while downplaying setbacks in hardware sales, which ultimately led to a decline in sales and failure to meet projections [2]. - On February 3, 2025, Napco announced disappointing financial results for Q2 of fiscal 2025, revealing a significant reduction in hardware sales, causing its stock price to drop approximately 26.62% from $36.70 on January 31, 2024, to $26.93 on February 3, 2025 [3]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file their papers by June 24, 2025, with the lead plaintiff representing other class members in the litigation [4]. - Shareholders are not required to participate in the case to be eligible for recovery and can remain absent class members if they choose not to take action [4]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Viewpoint - A securities class action lawsuit has been filed against Napco Security Technologies, Inc. after a significant drop in share price following disappointing Q2 2025 earnings and issues with its distribution network [1][3]. Group 1: Lawsuit Details - The lawsuit, Patel v. Napco Security Technologies, Inc., seeks to represent investors who purchased Napco securities between February 5, 2024, and February 3, 2025 [1][2]. - The lead plaintiff deadline for the lawsuit is set for June 24, 2025 [2]. Group 2: Financial Performance - Napco reported a 25% decline in equipment sales compared to the previous year’s Q2, alongside substantial declines in gross margin and gross profit for equipment revenue [3][6]. - The company attributed its poor performance to reduced sales to two major distributors, with one distributor actively working to reduce inventory [3][4]. Group 3: Investor Communication - The lawsuit alleges that Napco made false and misleading statements regarding its sales practices and forecasting abilities, failing to disclose critical information to investors [3][6]. - Despite assurances of achieving fiscal 2026 growth and margin targets, the company did not adequately disclose its inability to forecast product demand or the potential impact of demand fluctuations [6]. Group 4: Market Reaction - Following the announcement of the disappointing financial results, Napco's shares plummeted by $9.77, or 26%, in a single day, leading to analyst downgrades [4].

NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of NAPCO Security Technologies, Inc. (NASDAQ: NSSC) between February 5, 2024 and February 3, 2025, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2025. SO WHAT: If you purchased NAPCO securities during the Class Period you may be entitled to ...

ATLANTA, April 28, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Napco Security Technologies, Inc. (“Napco” or “the Company”) (NASDAQ: NSSC). The lawsuit alleges that Defendants provided investors with material information concerning Napco’s overall expected growth and strength in the Company’s hardware division while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Napco’s a ...

Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for allegedly making false and misleading statements regarding its financial performance and growth projections, leading to investor losses during the specified class period [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to violations of the Securities Exchange Act of 1934, specifically §§10(b) and 20(a), and Rule 10b-5 [1]. - Investors who purchased Napco's securities between February 5, 2024, and February 3, 2025, are encouraged to participate in the lawsuit before the deadline of June 24, 2025 [2]. Group 2: Company Performance - Napco expressed confidence in its growth based on customer demand for hardware products, but subsequently reported a decline in sales for these products during the second quarter of 2025 [4]. - The company attributed the sales shortfall to reduced sales from two of its larger distributors and retracted its long-term EBITDA margin target of 45%, indicating uncertainty about its achievability [4]. - The misleading public statements made by the company throughout the class period resulted in significant damages to investors once the truth was revealed [4].

Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. due to significant discrepancies between the company's projected growth and actual financial performance, particularly in its hardware division [1][2]. Financial Performance - On February 3, 2025, Napco reported a notable decline in hardware sales for the second quarter of fiscal 2025, attributing the drop primarily to reduced sales from two major distributors [3]. - Following the disappointing sales results, the company retracted its long-term EBITDA margin target of 45%, expressing uncertainty about achieving this goal by the end of fiscal 2026 [3]. - Napco's stock price experienced a sharp decline, falling from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decrease of approximately 26.62% in just one day [3]. Legal Proceedings - The class action lawsuit, Shailesh Patel v. Napco Security Technologies, Inc., was initiated in the United States District Court for the Eastern District of New York, targeting investors who acquired Napco securities between February 5, 2024, and February 3, 2025 [1][4]. - Investors have until June 24, 2025, to request appointment as lead plaintiff in the lawsuit, although participation in any recovery does not require serving as lead plaintiff [4].

Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of NAPCO Security Technologies, Inc. due to allegations of materially misleading business information [1] - NAPCO's stock fell 27% following the announcement of its fiscal 2025 second quarter results, which showed a decrease in net sales and diluted earnings per share compared to the previous year [3] - The decline in equipment revenue was attributed to lagging sales in intrusion and access alarm products and issues with two major distributors [3] Group 2 - Investors who purchased NAPCO securities may be entitled to compensation through a class action without any out-of-pocket fees [2] - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4] - The firm has been recognized for its success in securities class action settlements, ranking in the top 4 since 2013 [4]

-Open letter from our CEO below- AMITYVILLE, N.Y., March 24, 2025 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers of high-tech electronic security devices, wireless recurring communication services for intrusion, commercial fire alarm, access control and locking applications, as well as a leading provider of school safety solutions, today announced that it will be showcasing its wide range of products at the International Security Conference & ...

I am a financial analyst and writer with a strong foundation in financial modeling, valuation, and data analysis. I hold FMVA (Financial Modeling & Valuation Analyst) and BIDA (Business Intelligence & Data Analyst) certifications from the Corporate Finance Institute (CFI) in Canada.The markets fascinate me (we're all looking to grow to grow wealth, after all, and the stock market is the single greatest invention that allows us to do it do it fairly easily), so I combine financial data with qualitative analy ...