Canaccord analyst Kingsley Crane lowered the firm’s price target on Alarum (ALAR) to $25 from $28 and keeps a Buy rating on the shares. The firm said they reported Q3 results slightly better than the midpoint of guidance noting NetNut continues to represent the core strategic focus of the business with other revenues. Baird anticipates newer products will continue to gradually ramp as they eye more meaningful revenue contribution in CY25.
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