NAPCO Security Technologies(NSSC)

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NAPCO ALERT: Bragar Eagel & Squire, P.C. is Investigating Napco Security Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-27 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Napco Security Technologies, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1] Group 1: Company Performance and Misleading Statements - Napco Security Technologies made false and misleading statements regarding its growth projections based on customer demand for hardware products [2] - The company reported a reduction in sales for hardware products in its second quarter financial results on February 3, 2025, despite previous optimism [2] - The sales shortfall was attributed to reduced sales from two of the company's larger distributors, leading to a retraction of the long-term EBITDA margin target of 45% [2] Group 2: Legal Investigation and Shareholder Rights - The class action complaint has a Class Period from February 5, 2024, to February 3, 2025, during which the company's public statements were deemed materially misleading [2] - Long-term stockholders of Napco are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and the ongoing investigation [3]
NSSC DEADLINE ALERT: Napco (NSSC) Investors Alerted to Today's Lead Plaintiff Deadline in Securities Class Action – Hagens Berman
GlobeNewswire News Room· 2025-06-24 16:32
Core Allegations - Napco Security Technologies allegedly misled investors regarding its financial health and growth prospects, particularly in hardware sales forecasting and distribution network [2][5] - The lawsuit claims that investors paid inflated prices for shares due to these misrepresentations [2][5] Investigation and Legal Action - Hagens Berman is actively investigating the allegations against Napco, focusing on potential misleading statements about sales forecasting and distribution practices [3] - The lead plaintiff deadline for the federal securities class action lawsuit is June 24, 2025, which is crucial for investors who suffered significant losses [4] Financial Impact - Napco's Q2 fiscal 2025 results revealed a sharp decline in hardware sales, attributed to major distributors reducing inventory, leading to a stock price drop of approximately 26.62% on February 3, 2025 [5] - Following the disclosure of these issues, Napco retracted its long-term EBITDA margin target of 45%, indicating uncertainty about achieving it by fiscal 2026 [5]
NSSC Shareholders Have the Right to Lead the Napco Security Technologies, Inc. Securities Lawsuit - Contact the DJS Law Group Before the Final Deadline - NSSC
Prnewswire· 2025-06-24 07:49
Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for alleged violations of federal securities laws, particularly concerning misleading statements about growth projections and sales performance [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Napco made false and misleading statements regarding its confidence in growth projections based on customer demand for hardware products [2]. - Financial results announced on February 3, 2025, indicated a reduction in sales for hardware products, contradicting previous optimistic statements [2]. - The company attributed the sales shortfall to reduced sales from two of its larger distributors and subsequently retracted its long-term EBITDA margin target of 45%, stating uncertainty about its achievability [2]. Group 2: Shareholder Information - Shareholders who purchased securities during the class period from February 5, 2024, to February 3, 2025, are encouraged to contact the law firm for participation in the lawsuit [1][3]. Group 3: Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4]. - The firm represents large hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [4].
NSSC Investors Have Final Opportunity to Lead Napco Security Technologies, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-06-24 07:48
Core Viewpoint - A class action lawsuit has been initiated 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]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney unless they take action [3]. Group 2: Company Performance and Misstatements - Napco expressed confidence in its growth based on customer demand for hardware products, but later reported a reduction in sales for these products [4]. - The company attributed the sales shortfall to decreased sales from two of its larger distributors and subsequently retracted its long-term EBITDA margin target of 45%, indicating uncertainty about its achievability [4]. - The misleading public statements made by Napco throughout the class period resulted in significant damages to investors once the truth was revealed [4].
NSSC DEADLINE TUESDAY: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important June 24 Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-06-22 14:25
Core Viewpoint - Rosen Law Firm is reminding investors who purchased NAPCO Security Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 24, 2025 [1] Group 1: Class Action Details - Investors who purchased NAPCO securities between February 5, 2024, and February 3, 2025, 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 must move the Court to serve as lead plaintiff by June 24, 2025 [3] - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6] Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4] Group 3: Case Allegations - The lawsuit alleges that NAPCO made false and misleading statements regarding its revenue outlook and growth potential, downplaying risks associated with seasonality and macroeconomic factors [5] - It is claimed that NAPCO's optimistic margin growth goals were unrealistic, as the company was not adequately equipped to forecast product demand, leading to investor damages when the truth was revealed [5]
NSSC DEADLINE: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages NAPCO Security Technologies, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 24 Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-06-19 19:51
Core Viewpoint - Rosen Law Firm is reminding investors who purchased NAPCO Security Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 24, 2025 [1]. Group 1: Class Action Details - Investors who purchased NAPCO securities between February 5, 2024, and February 3, 2025, 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 those wishing to serve as lead plaintiff must act by June 24, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Case Background - The lawsuit alleges that NAPCO made false and misleading statements regarding its revenue outlook and growth potential, downplaying risks associated with seasonality and macroeconomic factors [5]. - It is claimed that NAPCO's optimistic margin growth goals and reassurances about hardware sales did not align with reality, as the company was unable to accurately forecast product demand [5]. - The lawsuit asserts that when the true situation was revealed, investors suffered damages due to the misleading information provided by NAPCO [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4].
Notice to Napco (NSSC) Investors: June 24 Investor Deadline in Napco Securities Class Action – Hagens Berman
GlobeNewswire News Room· 2025-06-18 18:40
Core Viewpoint - Napco Security Technologies is facing a federal securities class action lawsuit due to allegations of misleading investors about its financial health and growth prospects, particularly regarding hardware sales forecasting and distribution network vulnerabilities [2][3][5]. Group 1: Allegations and Investigation - The lawsuit claims that Napco's management presented an overly optimistic view of the company's financial situation, leading to artificially inflated stock prices during the class period from February 5, 2024, to February 3, 2025 [2][5]. - Hagens Berman is actively investigating these allegations, focusing on whether Napco misled investors about its sales forecasting and distribution practices [3][5]. - The firm encourages investors who suffered losses to step forward, as this could enhance the collective effort to hold Napco accountable [4]. Group 2: Financial Performance and Impact - Napco allegedly overstated its growth and hardware division performance, suggesting it could meet ambitious fiscal 2026 targets despite undisclosed vulnerabilities in its distribution network [5]. - The company reportedly failed to disclose its heavy reliance on a few large distributors, which made it vulnerable to inventory adjustments by these distributors [5]. - Following the release of its Q2 fiscal 2025 results on February 3, 2025, which showed a significant decline in hardware sales, Napco's stock price dropped approximately 26.62% in one day, from $36.70 to $26.93 per share [5].
June 24, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against NSSC
Prnewswire· 2025-06-17 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud that negatively impacted investors between February 5, 2024, and February 3, 2025 [1][2]. Company Performance - The lawsuit claims that the defendants misled investors regarding Napco's expected growth and the strength of its hardware division, asserting confidence in achieving fiscal 2026 growth projections [2]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this to reduced sales from two major distributors, which led to a retraction of their long-term 45% EBITDA margin target [2]. - Following the announcement, 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]. Legal Proceedings - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [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].
Shareholders of Napco Security Technologies, Inc. Should Contact The Gross Law Firm Before June 24, 2025 to Discuss Your Rights - NSSC
Prnewswire· 2025-06-16 09:45
Core Viewpoint - The Gross Law Firm is notifying shareholders of Napco Security Technologies, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's growth and hardware sales performance [1][2]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Napco's management provided investors with optimistic projections about the company's growth and hardware division strength, claiming confidence in achieving fiscal 2026 growth targets [1]. - Following the announcement of a significant decline in hardware sales attributed to reduced sales from two major distributors, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving it by the end of fiscal 2026 [1]. - Napco's stock price experienced a dramatic decline of approximately 26.62%, dropping from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, in just one day [1]. Group 2: Class Action Participation - Shareholders who purchased shares of NSSC during the specified class period (February 5, 2024, to February 3, 2025) are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for June 24, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case, with no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].
NSSC Deadline: NSSC Investors with Losses in Excess of $100K Have Opportunity to Lead NAPCO Security Technologies, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-06-13 22:10
Core Viewpoint - Rosen Law Firm is reminding investors who purchased NAPCO Security Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 24, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased NAPCO securities between February 5, 2024, and February 3, 2025, 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 must move the Court to serve as lead plaintiff by June 24, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting their own achievements in recovering hundreds of millions for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including being ranked No. 1 by ISS Securities Class Action Services in 2017 and securing over $438 million for investors in 2019 [4]. Group 3: Case Allegations - The lawsuit alleges that NAPCO made false and misleading statements regarding its revenue outlook and growth potential, downplaying risks associated with seasonality and macroeconomic factors [5]. - It is claimed that NAPCO's optimistic margin growth goals were unrealistic, as the company was unable to accurately forecast product demand, leading to investor damages when the true situation was revealed [5].