Sharp drop in shares of Israeli tech company Alarum on Wall Street
Sharp declines were recorded yesterday (Thursday) in after-hours trading on the New York Stock Exchange, following reports regarding the Israeli technology company "Alarum." The company's stock, which is traded in Tel Aviv and on Wall Street, saw a significant drop after news of the company's activities was published.
According to the reports, some of the domains (web addresses) owned by the company were seized by law enforcement authorities. Alarum operates in the field of web data collection, and this event has raised concerns among investors regarding the company's continued business operations.
The company, which is well-known in the Israeli market, is traded on the stock exchange as a dual-listed company. Following the event, high volatility was recorded in the share price, leading to an immediate reaction from the American market after regular trading hours.
As of now, the company is reviewing the situation with the relevant authorities. Investors and analysts in the capital market are awaiting a further official statement from the company's management, which will clarify the full implications of the domain seizures on its revenues and its future operations.