AlarmCom Hldg Inc (ALRM) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Aug 16, 2016.
Many Wall Street Analysts have commented on AlarmCom Hldg Inc. First Analysis Sec Initiated AlarmCom Hldg Inc on Jul 8, 2016 to “Overweight”, Price Target of the shares are set at $32.Imperial Capital Downgraded AlarmCom Hldg Inc on Jun 21, 2016 to ” In-line”, Price Target of the shares are set at $24.50.BB&T Capital Mkts Initiated AlarmCom Hldg Inc on Jun 16, 2016 to “Buy”, Price Target of the shares are set at $27.
On the company’s financial health, AlarmCom Hldg Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 15, 2016. Analyst had a consensus of $0.11. The company had revenue of $64.42 million for the quarter, compared to analysts expectations of $58.61 million. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
AlarmCom Hldg Inc opened for trading at $31.4 and hit $33.13 on the upside on Monday, eventually ending the session at $32.93, with a gain of 6.81% or 2.1 points. The heightened volatility saw the trading volume jump to 9,53,032 shares. Company has a market cap of $1,501 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.