Important Information for Investors of Alarum Technologies Ltd.:
On April 12, 2025, Rosen Law Firm, a leading global investor rights law firm, issued a reminder to purchasers of securities of Alarum Technologies Ltd. (NASDAQ: ALAR) between March 14, 2024, and August 26, 2024, both dates inclusive (the “Class Period”). The purpose of this communication is to inform investors of the important April 15, 2025, lead plaintiff deadline in connection with a securities class action lawsuit.
Background:
Alarum Technologies Ltd. is a technology company that develops and commercializes a range of products and services for the detection, prevention, and response to cybersecurity threats. The Company’s solutions include network security, endpoint security, and threat intelligence.
Lawsuit Allegations:
The lawsuit alleges that during the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operational and financial metrics, and prospects. Specifically, the complaint alleges that defendants failed to disclose: (1) that the Company was experiencing significant customer attrition; (2) that the Company’s revenue growth was significantly lower than represented; and (3) that the Company’s financial statements were not accurate.
Impact on Individual Investors:
The allegations in the lawsuit could potentially impact individual investors who purchased Alarum Technologies Ltd. securities during the Class Period. If the allegations are proven true, investors may be able to recover damages through the securities class action lawsuit. It is important for investors to contact a securities attorney to discuss their legal options and the deadline for filing a lead plaintiff claim.
Impact on the World:
The lawsuit against Alarum Technologies Ltd. highlights the growing importance of cybersecurity and the need for transparency and accuracy in companies’ disclosures. The cybersecurity industry is expected to continue to grow rapidly, with a projected compound annual growth rate (CAGR) of 15.5% between 2021 and 2027. The lawsuit serves as a reminder to investors to carefully evaluate the disclosures of companies in the industry and to consider seeking legal advice if they believe they have been harmed.
Conclusion:
Rosen Law Firm’s reminder to investors of Alarum Technologies Ltd. regarding the April 15, 2025, lead plaintiff deadline in connection with a securities class action lawsuit serves as an important reminder to investors to be vigilant about the disclosures of companies in the cybersecurity industry. The lawsuit alleges that defendants made materially false and misleading statements regarding the Company’s business, operational and financial metrics, and prospects. If the allegations are proven true, investors may be able to recover damages. It is crucial for investors to contact a securities attorney to discuss their legal options and the deadline for filing a lead plaintiff claim. The lawsuit also highlights the growing importance of cybersecurity and the need for transparency and accuracy in companies’ disclosures. As the cybersecurity industry continues to grow rapidly, investors must carefully evaluate the disclosures of companies and consider seeking legal advice if they believe they have been harmed.
- Rosen Law Firm issues reminder to investors of Alarum Technologies Ltd. regarding lead plaintiff deadline in securities class action lawsuit
- Allegations include failure to disclose customer attrition, lower than represented revenue growth, and inaccurate financial statements
- Individual investors who purchased securities during Class Period may be able to recover damages
- Lawsuit highlights importance of cybersecurity industry transparency and accuracy in disclosures
