NAPCO Security Technologies(NSSC)

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Shareholders that lost money on Napco Security Technologies, Inc. (NSSC) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2025-06-05 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to 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]. Group 1: Allegations and Financial Impact - The complaint alleges that Napco's management provided investors with optimistic projections about the company's growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth targets [1]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing the drop primarily to reduced sales from two major distributors [1]. - Following the disappointing financial results, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving this goal by the end of fiscal 2026 [1]. - Napco's stock price fell dramatically 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 just one day [1]. Group 2: Class Action Details - 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 lawsuit [2]. - The deadline for shareholders to seek lead plaintiff status is June 24, 2025, and there is no cost or obligation to participate in the case [2]. - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle [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 of material information [3].
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-06-03 21:35
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: 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 this area [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4] - Rosen Law Firm has been consistently ranked among the top firms for securities class action settlements since 2013 [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] - NAPCO's optimistic margin growth goals and reassurances about hardware sales were found to be unrealistic, leading to investor damages when the true situation was revealed [5]
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Napco Security Technologies
GlobeNewswire News Room· 2025-06-02 16:30
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Napco Security Technologies, Inc. due to allegations of false and misleading statements regarding the company's growth and hardware division performance [2][4]. Group 1: Legal Investigation and Class Action - A federal securities class action has been filed against Napco, with a deadline of June 24, 2025, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that Napco and its executives violated federal securities laws by failing to disclose material information about the company's expected growth and hardware division strength [4]. Group 2: Financial Performance and Stock Impact - On February 3, 2025, Napco reported a significant reduction in hardware sales, attributing the decline to reduced sales from two major distributors [5]. - Following the announcement, Napco's stock price fell 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 [6]. - The company also retracted its long-term 45% EBITDA margin target, expressing uncertainty about achieving this goal by the end of fiscal 2026 [5].
ROSEN, REGARDED INVESTOR COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-06-01 00:41
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 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]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: 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 and reassurances about hardware sales did not align with reality, leading to investor damages when the true situation was revealed [5].
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Napco Security Technologies
Prnewswire· 2025-05-31 12:05
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Napco Security Technologies, Inc. due to allegations of false and misleading statements regarding the company's growth and hardware division performance [2][4]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the June 24, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Napco [2]. - The complaint alleges that Napco and its executives violated federal securities laws by failing to disclose material information about the company's expected growth and hardware division strength [4]. Group 2: Financial Performance and Stock Impact - On February 3, 2025, Napco reported a significant reduction in hardware sales, attributing the decline to reduced sales from two larger distributors [5]. - Following the announcement, Napco's stock price fell 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 [6]. - The company also retracted its long-term 45% EBITDA margin target, indicating uncertainty about achieving this goal by the end of fiscal 2026 [5].
Class Action Filed Against Napco Security Technologies, Inc. (NSSC) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-05-30 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud affecting investors between February 5, 2024, and February 3, 2025 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were negatively impacted by misleading statements regarding the company's growth and hardware division performance [2] - Defendants expressed confidence in Napco's ability to meet fiscal 2026 growth projections, which were later contradicted by a significant decline in hardware sales reported on February 3, 2025 [2] - Following the announcement of reduced hardware sales and a retraction of the long-term 45% EBITDA margin target, Napco's stock price plummeted from $36.70 on January 31, 2024, to $26.93 on February 3, 2025, marking a decline of approximately 26.62% in one day [2] Group 2: 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 in any recovery does not require this role [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 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]
Napco (NSSC) Under Scrutiny: Investor Suit and Sales Slump Shake Investor Confidence– Hagens Berman
GlobeNewswire News Room· 2025-05-29 17:14
Core Viewpoint - Napco Security Technologies, Inc. is facing significant challenges, including a 21% decline in share price year-to-date, amid legal scrutiny and operational difficulties, particularly related to a securities class action lawsuit concerning its distribution practices and sales forecasting [1][2]. Financial Performance - Napco's third-quarter results for fiscal year 2025 showed a 10.8% year-over-year decrease in net sales, totaling $43.96 million, while earnings per share exceeded expectations at $0.36 compared to a forecast of $0.29. However, net income fell by over 23% year-over-year, attributed to inventory reductions by key distributors [2][4]. - The company reported a 25% drop in equipment sales in its February 3, 2025 earnings report, leading to a withdrawal of its 45% EBITDA margin target for fiscal 2026, which resulted in a 26% decline in share price in a single trading session [4][6]. Legal Issues - A class action lawsuit, Patel v. Napco Security Technologies, Inc., alleges that the company's leadership misled investors regarding its ability to forecast hardware demand and maintain margin targets, failing to disclose vulnerabilities in its distribution network [3][5]. - The lawsuit claims that optimistic statements about sales and margins were misleading, leading to inflated stock prices during the class period and substantial losses when the true financial situation was revealed [5][8]. Investigation - Hagens Berman, a shareholder rights firm, is investigating the allegations against Napco, focusing on whether the company misled investors about its sales forecasting and distribution practices [8][9].
Lost Money on Napco Security Technologies, Inc.(NSSC)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-05-29 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]. Summary by Relevant Sections Allegations - The complaint alleges that Napco's management provided investors with optimistic projections about the company's growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth targets based on expected demand for hardware products [1]. - Following the announcement of a significant decline in hardware sales attributed to reduced sales from two major distributors, the company retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving this target by the end of fiscal 2026 [1]. Financial Impact - Napco's stock price experienced a dramatic decline 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 following the negative financial results announcement [1]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by June 24, 2025, to participate in potential recovery efforts [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies, emphasizing the importance of responsible business practices [3].
Napco Security Technologies: Q3 Earnings Report Strengthens My Buy Position
Seeking Alpha· 2025-05-29 07:58
Group 1 - The article argues that the decline in Napco's share price represents an investment opportunity due to a shift in the company's business model towards high-margin recurring revenue [1] - The author emphasizes the importance of combining financial data with qualitative analysis to evaluate companies and sectors, particularly in technology, infrastructure, and internet services [1] - The focus remains on identifying companies with strong fundamentals and growth potential, aiming to provide value to long-term investors [1]
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-05-28 02:47
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: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in recovering hundreds of millions for investors [4]. - The firm has been recognized for its leadership in securities class action settlements, achieving significant recoveries in previous years [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, leading to investor damages when the true situation was revealed [5].