Console & Associates, P.C. Investigating Claims Against Alarum Technologies Ltd. (NASDAQ: ALAR)

Investors who purchased Alarum Technologies stock between March 14, 2024 and August 26, 2024 may be entitled to compensation

MARLTON, N.J., March 14, 2025 /PRNewswire/ -- Console & Associates, P.C. announces an investigation into potential claims against Alarum Technologies Ltd. (NASDAQ: ALAR) on behalf of investors who purchased the stock between March 14, 2024 and August 26, 2024 (the "Class Period"). Shareholders who suffered substantial losses are encouraged to contact Console & Associates to discuss their legal rights.

Case Background

Alarum Technologies Ltd., a provider of internet access and web data collection solutions, is facing allegations that the company and certain executives violated federal securities laws by making false and misleading statements to investors.

According to the complaint, defendants failed to disclose that:

1. Alarum Technologies was experiencing difficulties retaining and expanding customer engagements
2. These difficulties would impair the company's ability to generate consistent revenue growth
3. As a result, Alarum's business prospects were overstated

On August 26, 2024, Alarum Technologies announced expected third-quarter 2024 revenue of only $7 million, significantly below analyst projections of $9.2 million. The company's CEO, Shachar Daniel, attributed this shortfall to reduced consumer spending that began in June 2024. Following this announcement, Alarum Technologies' stock price plummeted by more than 31%.

Investor Rights

Console & Associates, P.C. is dedicated to protecting the rights of investors who have suffered losses due to corporate misconduct. Our securities attorneys are ready to help recover damages for shareholders.

No Cost to Shareholders

Investors who purchased Alarum Technologies securities during the between March 14, 2024 and August 26, 2024 may be entitled to compensation. Console & Associates handles securities class action cases on a contingent fee basis, meaning you pay nothing unless we recover money on your behalf.

Contact Information

If you purchased Alarum Technologies Ltd. (NASDAQ: ALAR) stock between March 14, 2024 and August 26, 2024 and would like to learn more about your legal rights, please contact Console & Associates, P.C. or complete our secure online form to discuss your potential claim.

This press release may be considered Attorney Advertising in some jurisdictions under applicable law and ethical rules.

Console & Associates, P.C.
866-778-5500
[email protected]

SOURCE Console & Associates, P.C.