AlarmCom Hldg Inc (ALRM) reported quarterly earnings results on Monday, Aug-15-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.11. The company posted revenue of $64.42 million in the period, 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.
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.
AlarmCom Hldg Inc opened for trading at $31.37 and hit $31.91 on the upside on Friday, eventually ending the session at $30.83, with a gain of 0.23% or 0.07 points. The heightened volatility saw the trading volume jump to 4,99,435 shares. Company has a market cap of $1,405 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.