Company Announcements

SAN DIEGO , Feb. 15, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that the Alarum Technologies class action lawsuit seeks to represent purchasers or acquirers of Alarum Technologies Ltd. (NASDAQ: ALAR) securities between March 14, 2024 and August 26, 2024, inclusive (the "Class Period").  Captioned Velvart v. Alarum Technologies Ltd., No. 25-cv-01263 (D.N.J.), the Alarum Technologies class action lawsuit charges Alarum Technologies and certain of Alarum Technologies' top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Alarum Technologies class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-alarum-technologies-ltd-class-action-lawsuit-alar.html  

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.

CASE ALLEGATIONS: Alarum Technologies provides internet access and web data collection solutions.

The Alarum Technologies class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Alarum Technologies was less effective in retaining and/or expanding customer engagements than it had represented to investors; (ii) the foregoing would impair Alarum Technologies' ability to generate consistent revenue growth; and (iii) accordingly, Alarum Technologies' business and/or financial prospects were overstated.

The Alarum Technologies class action lawsuit further alleges that, on August 26, 2024, Alarum Technologies revealed that it was expecting third quarter 2024 revenue of $7 million, far short of the $9.2 million revenue figure projected by analysts.  Later that day, Alarum Technologies' CEO, defendant Shachar Daniel attributed the disappointing revenue guidance to the reduced customer spending Alarum began experiencing in June 2024, the complaint alleges.  On this news, the price of Alarum Technologies' American Depositary Receipts fell by more than 31%, according to the Alarum Technologies class action lawsuit.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Alarum Technologies securities during the Class Period to seek appointment as lead plaintiff in the Alarum Technologies class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Alarum Technologies class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Alarum Technologies class action lawsuit.  An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Alarum Technologies class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases.  Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors.  We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 

Services may be performed by attorneys in any of our offices. 

Contact:
            Robbins Geller Rudman & Dowd LLP
            J.C. Sanchez, Jennifer N. Caringal
            655 W. Broadway, Suite 1900, San Diego, CA 92101
            800-449-4900
            info@rgrdlaw.com 

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SOURCE Robbins Geller Rudman & Dowd LLP