Alarum Technologies Ltd. (NASDAQ: ALAR) is the target of a class action securities lawsuit alleging that the company misled investors by making false and misleading statements regarding its customer retention, revenue growth, and financial prospects. Shareholders who purchased Alarum stock between March 14, 2024, and August 26, 2024, may be eligible to seek financial recovery.
The Allegations
According to the complaint, Alarum Technologies allegedly:
- Overstated its ability to retain and expand customer engagements, misleading investors about the stability of its revenue stream.
- Misrepresented its financial growth prospects, giving a false impression of consistent revenue expansion.
- Issued materially false and misleading statements about its business outlook throughout the class period.
These alleged misrepresentations resulted in financial harm to investors, as the company’s stock price suffered significant losses when the truth came to light.
Investors’ Rights and Legal Action
Shareholders who bought Alarum stock during the specified period and experienced losses, even if they still hold their shares, may be eligible to participate in the lawsuit.
About Levi & Korsinsky LLP
Levi & Korsinsky LLP is a nationally recognized securities litigation firm with a proven track record of securing hundreds of millions of dollars for aggrieved investors. The firm, with over 70 employees, has been ranked among the Top 50 securities litigation firms by ISS Securities Class Action Services for seven consecutive years.
✅ Next Steps for Shareholders
Investors who suffered losses due to Alarum Technologies’ alleged misconduct are encouraged to explore their legal options. Joining the lawsuit involves no upfront costs or obligations, and affected shareholders could potentially recover a portion of their losses.
