AlarmCom Hldg Inc (ALRM) announced its most recent quarterly financial results on Wednesday, Mar-15-2017. ALRM said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.13. The company posted revenue of $69.79 million in the period, compared to analysts expectations of $63.95 million. ALRM’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
Based on several research reports , Company shares were Reiterated by Maxim Group on Mar 16, 2017 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $37 .Company shares were Reiterated by Stifel on Mar 16, 2017 to “Hold”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .Goldman Initiated AlarmCom Hldg Inc on Jan 31, 2017 to “Neutral”, Price Target of the shares are set at $31.
Several company insiders have filed Insider transactions , on Mar 7, 2017, David Hutz (Chief Systems Architect) sold 3,500 shares at $28.78 per share price. According to the SEC, on Mar 7, 2017, Jean-paul Martin (Chief Technology Officer) sold 30,000 shares at $29.10 per share price. On Feb 10, 2017, Daniel Kerzner (Chief Product Officer) sold 36,000 shares at $27.54 per share price, according to the Form-4 filing with the securities and exchange commission.
AlarmCom Hldg Inc opened for trading at $30.36 and hit $30.71 on the upside on Wednesday, eventually ending the session at $30.63, with a gain of 1.12% or 0.34 points. The heightened volatility saw the trading volume jump to 4,08,680 shares. Company has a market cap of $1,408 M.
Alarm.com Holdings Inc. is a platform solution for the connected home. The Company through its cloud-based services makes connected home technology accessible to millions of home and business owners. The Company’s multi-tenant software-as-a-service (SaaS) platform enables home and business owners to secure their properties and automate and control an array of connected devices through a single intuitive user interface. The Company offers four primary solutions which include interactive security intelligent automation video monitoring and energy management. The Company offers a suite of enterprise-grade business management solutions to its service providers which include service provider portal installation and support business management and sales marketing and training. The Company is also engaged in the design and manufacturing of various types of hardware including cellular communication modules image sensor video cameras and smart thermostat.