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Alarm.Com (ALRM) Touches a Fresh 52-Week High of $44.63
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Shares of Alarm.Com (ALRM - Free Report) hit a new 52-week high of $44.63 on Aug 21, before closing a tad lower at $43.72.
The company’s shares have charted a solid trajectory in recent times, increasing 57.2% year to date, outperforming the industry’s loss of 1.8%.
Notably, the company has witnessed a 10.7% increase in share price following its encouraging second-quarter 2017 results, which released on Aug 8.
Currently, Alarm.Com holds a Zacks Rank #2 (Buy). Moreover, it has a market cap of approximately $2.03 billion. Average volume of shares traded in the last three months was roughly 379K.
What is Driving Alarm.Com?
Alarm.Com offers cloud-based security and home-automation products. By depending on cloud technology, the company significantly reduces operating costs and allows users to manage their home from anywhere. For example, users can remotely control almost anything in their home, including security systems, thermostats, light switches and even garage doors through a mobile application.
The company is already poised to be a vantage player in the expanding home-automation industry.
The company has a differentiated product portfolio and broad dealer network. It is working toward building new service-provider relationships, breaking new ground in product innovation and achieving international reach. Naturally, this will help the company in penetrating the home automation and security market, and gain share. This will also help in expanding its customer base, thereby driving results.
In the last four quarters, Alarm.Com Holdings reported better-than-expected results. Average earnings surprise was a positive 73.05%. In the recently reported second-quarter 2017 results, the company’s earnings of 33 cents per share surpassed the Zacks Consensus Estimate of 15 cents by 120.0%.
Alarm.Com Holdings reported improved SaaS and license revenues in the quarter. It anticipates its revenues to come in the range of $60.6-$60.8 million in the second quarter.
Also, the company believes that new products will enable it to provide better services to its customers and hence improve profitability.
Upward Estimate Revision
Estimates for 2017 as well as for 2018 have moved north over the last 30 days, reflecting analysts’ confidence in Alarm.Com. During this period, the Zacks Consensus Estimate for 2017 increased around 27.6% to 97 cents. The Zacks Consensus Estimate for 2018 also inched up 10.2% over the same timeframe to 97 cents.
Lam Research delivered a positive earnings surprise of 4.44%, on average, in the trailing four quarters.
Alibaba Group Holding Limited delivered a positive earnings surprise of 12.16%, on average, in the trailing four quarters.
PetMed Express delivered a positive earnings surprise of 10.78%, on average, in the trailing four quarters.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
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Alarm.Com (ALRM) Touches a Fresh 52-Week High of $44.63
Shares of Alarm.Com (ALRM - Free Report) hit a new 52-week high of $44.63 on Aug 21, before closing a tad lower at $43.72.
The company’s shares have charted a solid trajectory in recent times, increasing 57.2% year to date, outperforming the industry’s loss of 1.8%.
Notably, the company has witnessed a 10.7% increase in share price following its encouraging second-quarter 2017 results, which released on Aug 8.
Currently, Alarm.Com holds a Zacks Rank #2 (Buy). Moreover, it has a market cap of approximately $2.03 billion. Average volume of shares traded in the last three months was roughly 379K.
What is Driving Alarm.Com?
Alarm.Com offers cloud-based security and home-automation products. By depending on cloud technology, the company significantly reduces operating costs and allows users to manage their home from anywhere. For example, users can remotely control almost anything in their home, including security systems, thermostats, light switches and even garage doors through a mobile application.
The company is already poised to be a vantage player in the expanding home-automation industry.
The company has a differentiated product portfolio and broad dealer network. It is working toward building new service-provider relationships, breaking new ground in product innovation and achieving international reach. Naturally, this will help the company in penetrating the home automation and security market, and gain share. This will also help in expanding its customer base, thereby driving results.
In the last four quarters, Alarm.Com Holdings reported better-than-expected results. Average earnings surprise was a positive 73.05%. In the recently reported second-quarter 2017 results, the company’s earnings of 33 cents per share surpassed the Zacks Consensus Estimate of 15 cents by 120.0%.
Alarm.Com Holdings reported improved SaaS and license revenues in the quarter. It anticipates its revenues to come in the range of $60.6-$60.8 million in the second quarter.
Also, the company believes that new products will enable it to provide better services to its customers and hence improve profitability.
Upward Estimate Revision
Estimates for 2017 as well as for 2018 have moved north over the last 30 days, reflecting analysts’ confidence in Alarm.Com. During this period, the Zacks Consensus Estimate for 2017 increased around 27.6% to 97 cents. The Zacks Consensus Estimate for 2018 also inched up 10.2% over the same timeframe to 97 cents.
Alarm.com Holdings, Inc. Price and Consensus
Alarm.com Holdings, Inc. Price and Consensus | Alarm.com Holdings, Inc. Quote
Key Picks
Other top-ranked stocks in the broader technology sector are Lam Research Corporation (LRCX - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and Alibaba Group Holding Limited (BABA - Free Report) and PetMed Express, Inc. (PETS - Free Report) , sporting a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Lam Research delivered a positive earnings surprise of 4.44%, on average, in the trailing four quarters.
Alibaba Group Holding Limited delivered a positive earnings surprise of 12.16%, on average, in the trailing four quarters.
PetMed Express delivered a positive earnings surprise of 10.78%, on average, in the trailing four quarters.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Learn the secret >>