NAPCO Security Technologies Inc. Common Stock (NASDAQ: NSSC)
19 Days left to seek lead plaintiff status.
According to the Complaint, the Company made false and misleading statements to the market. Napco expressed confidence in its growth projections based on customer demand for hardware products. The Company announced financial results for the second quarter on February 3, 2025, revealing a reduction of sales for hardware products despite its previous optimism. The Company blamed this sales shortfall on “reduced sales from 2 of the company’s larger distributors.” The Company then pulled back their long-term EBITDA margin target of 45%, explaining it “didn’t know” if the target was achievable. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Napco, investors suffered damages.