SEMR - Alarum Technologies Stock: Transformative Growth Supports Bullish Outlook

2024-03-17 12:33:35 ET

Summary

• Alarum Technologies has climbed more than 1,100% over the past year during a period of transformative growth.
• The company is integrating new AI tools across its platform of internet access and web data collection solutions.
• While the stock remains speculative, otherwise solid fundamentals warrant a closer look.

Alarum Technologies Inc ( ALAR ) reported its latest quarterly results capping off a transformative year for the Israel-based software company. A decision to exit the cybersecurity business and other non-core segments in 2023 to focus on its "NetNut" web data collection platform has paid off evidenced by sharply higher sales and profitability. The introduction of new artificial intelligence-based tools has represented a new growth driver. ...

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