NAPCO Security Technologies(NSSC)

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INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Napco Security Technologies
GlobeNewswire News Room· 2025-05-14 18:10
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 [3][5]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $75,000 in Napco between February 5, 2024, and February 3, 2025, to discuss their legal options [1]. - 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 [3]. Group 2: Allegations Against Napco - 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 [5]. - Napco's financial results for the second quarter of fiscal 2025 showed a significant reduction in hardware sales, attributed to decreased sales from two major distributors [6]. Group 3: Stock Performance - Following the announcement of poor financial results, 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 [7].
Shareholders that lost money on Napco Security Technologies, Inc.(NSSC) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
GlobeNewswire News Room· 2025-05-13 16:28
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Napco Security Technologies, Inc. ("Napco" or the "Company") (NASDAQ: NSSC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Napco investors who were adversely affected by alleged securities fraud between February 5, 2024 and February 3, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/napco-securit ...
Levi & Korsinsky Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - NSSC
Prnewswire· 2025-05-13 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][2]. Company Performance - The lawsuit claims that Napco's management provided misleading information regarding the company's expected growth and strength in its hardware division, which contributed to investor losses [2]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing the drop primarily to reduced sales from two major distributors [2]. - 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 [2]. Stock Market Impact - Napco's stock price experienced a dramatic 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 [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 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 as one of the top securities litigation firms in the United States for seven consecutive years [4].
Napco (NSSC) Navigates Distributor Inventory Shifts Amidst Ongoing Investor Lawsuit – Hagens Berman
GlobeNewswire News Room· 2025-05-12 22:15
The core of the investor lawsuit centers on the accuracy and propriety of Napco's statements concerning its sales and forecasting practices. The complaint alleges that Napco made false and misleading statements and failed to disclose crucial information regarding its ability to forecast demand for its hardware products and the potential impact of demand fluctuations on its ambitious margin projections for fiscal year 2026. Specifically, the lawsuit claims that despite assuring investors of robust growth in ...
NSSC LAWSUIT ALERT: The Gross Law Firm Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
GlobeNewswire News Room· 2025-05-12 17:00
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Napco Security Technologies, Inc. (NASDAQ: NSSC). Shareholders who purchased shares of NSSC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/napco-security-technologies-inc-loss-submission-form/?id=147736&f ...
Napco Security Technologies, Inc. (NSSC) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-05-12 16:00
BENSALEM, Pa., May 12, 2025 /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Napco Security Technologies, Inc. ("Napco" or the "Company") (NASDAQ: NSSC).IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN NAPCO SECURITY TECHNOLOGIES, INC. (NSSC), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE JUNE 24, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. ...
Faruqi & Faruqi Reminds Napco Security Technologies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 - NSSC
GlobeNewswire News Room· 2025-05-11 11:36
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 [3][5]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $75,000 in Napco between February 5, 2024, and February 3, 2025, to discuss their legal options [1]. - 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 [3][8]. Group 2: Financial Performance - Napco reported a significant reduction in hardware sales for the second quarter of fiscal 2025, attributing the decline to reduced sales from two major distributors [6]. - Following the announcement of poor financial results, 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 [7]. Group 3: Company Statements - The complaint alleges that Napco's executives made false statements regarding the company's expected growth and the strength of its hardware division, including confidence in achieving fiscal 2026 growth projections [5]. - The company has retracted its long-term EBITDA margin target of 45%, indicating uncertainty about achieving this goal by the end of fiscal 2026 [6].
NAPCO SECURITY INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of NAPCO Security Technologies, Inc. - NSSC
Prnewswire· 2025-05-10 02:50
Core Viewpoint - Kahn Swick & Foti, LLC has initiated an investigation into NAPCO Security Technologies, Inc. following significant financial misstatements and a securities class action lawsuit against the company [1][3]. Financial Misstatements - NAPCO disclosed a material weakness in its internal controls over financial reporting for the first three quarters of fiscal 2023, leading to overstated inventories and understated cost of goods sold (COGS) [2]. - The company confirmed that net income was overstated by as much as 114.97%, income per share by 112.5%, operating income by 118.02%, and gross profit and gross margins by 35.59% [2]. Legal Proceedings - NAPCO is facing a securities class action lawsuit for failing to disclose material information, with the court recently denying the company's motion to dismiss the case [3]. - The investigation by KSF is focused on potential breaches of fiduciary duties by NAPCO's officers and/or directors, as well as violations of state or federal laws [3].
Levi & Korsinsky Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – NSSC
GlobeNewswire News Room· 2025-05-08 17:44
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Napco Security Technologies, Inc. ("Napco" or the "Company") (NASDAQ: NSSC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Napco investors who were adversely affected by alleged securities fraud between February 5, 2024 and February 3, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/napco-securit ...
Napco (NSSC) Navigates Distributor Inventory Shifts Amidst Ongoing Investor Lawsuit– Hagens Berman
GlobeNewswire News Room· 2025-05-07 18:50
Core Viewpoint - Napco Security Technologies, Inc. is facing significant challenges, including a securities class action lawsuit and declining sales, which have raised concerns about its distribution network and forecasting capabilities [1][3][4]. Financial Performance - Napco reported a 10.8% year-on-year decline in sales, totaling $43.96 million for the third quarter of fiscal year 2025, despite beating Wall Street's revenue expectations [2][6]. - The company experienced a substantial 25% drop in equipment sales in the second quarter of fiscal 2025 compared to the previous year, leading to significant declines in gross margin and gross profit [6][7]. Legal Issues - A securities class action lawsuit has been filed against Napco, representing investors who purchased securities between February 5, 2024, and February 3, 2025, following a sharp decline in stock price due to disappointing earnings disclosures [3][4]. - The lawsuit alleges that Napco made false and misleading statements regarding its sales and forecasting practices, failing to disclose its inability to accurately predict demand for its products [4][5]. Market Reaction - Following the negative disclosures, Napco's stock price dropped by 26% in a single trading day, erasing $9.77 per share in value, prompting analysts to downgrade their ratings on the company [3][7]. - Hagens Berman, a securities litigation firm, is investigating potential securities fraud claims against Napco, emphasizing ongoing concerns about the company's ability to manage its distribution network and forecast demand accurately [8].