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Alarm.com (ALRM) Unveils Smart Water Management Solution
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Alarm.com Holdings, Inc. (ALRM - Free Report) recently expanded its water management solution with the launch of the Smart Water Valve+Meter for homes and businesses. Notably, the smart water solution has been designed by the company’s business unit, Building36.
Combined with the Alarm.com platform, the device uses intelligence and insights for ensuring steady monitoring of water usage, thus reducing losses from water emergencies. Notably, the use of data from the solution’s advanced technology with high-quality plumbing hardware enables users to identify large and small leaks and address the issues on an instant basis. Also, the solution leverages temperature sensors together with HVAC and thermostat information to notify users about any possible risk of frozen pipes.
In addition, the Smart Water Valve+Meter solution’s easy compatibility with the Alarm.com ecosystem allows users to control everything even from a remote location through the Alarm.com mobile app. As noted by the company, the smart water solution will enter the market in the second quarter of this year through its service providers.
Zacks Rank & Price Performance
Alarm.com, which has a market cap of roughly $2.1 billion, currently carries a Zacks Rank #4 (Sell). Analysts have become increasingly bearish about the company over the past 90 days. The company’s earnings estimates for fourth-quarter 2019 have decreased from 34 cents to 33 cents while the same for first-quarter 2020 has moved down from 36 cents to 33 cents.
In the past six months, the company’s shares have lost 15.6% against the industry’s growth of 3.1%.
Brady delivered an average positive earnings surprise of 9.67% in the trailing four quarters.
Intellicheck delivered an average positive earnings surprise of 4.76% in the trailing four quarters.
Napco delivered an average positive earnings surprise of 41.87% in the trailing four quarters.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Alarm.com (ALRM) Unveils Smart Water Management Solution
Alarm.com Holdings, Inc. (ALRM - Free Report) recently expanded its water management solution with the launch of the Smart Water Valve+Meter for homes and businesses. Notably, the smart water solution has been designed by the company’s business unit, Building36.
Combined with the Alarm.com platform, the device uses intelligence and insights for ensuring steady monitoring of water usage, thus reducing losses from water emergencies. Notably, the use of data from the solution’s advanced technology with high-quality plumbing hardware enables users to identify large and small leaks and address the issues on an instant basis. Also, the solution leverages temperature sensors together with HVAC and thermostat information to notify users about any possible risk of frozen pipes.
In addition, the Smart Water Valve+Meter solution’s easy compatibility with the Alarm.com ecosystem allows users to control everything even from a remote location through the Alarm.com mobile app. As noted by the company, the smart water solution will enter the market in the second quarter of this year through its service providers.
Zacks Rank & Price Performance
Alarm.com, which has a market cap of roughly $2.1 billion, currently carries a Zacks Rank #4 (Sell). Analysts have become increasingly bearish about the company over the past 90 days. The company’s earnings estimates for fourth-quarter 2019 have decreased from 34 cents to 33 cents while the same for first-quarter 2020 has moved down from 36 cents to 33 cents.
In the past six months, the company’s shares have lost 15.6% against the industry’s growth of 3.1%.
Key Picks
Some better-ranked stocks from the same space are Brady Corporation (BRC - Free Report) , Intellicheck, Inc. (IDN - Free Report) and Napco Security Technologies, Inc. (NSSC - Free Report) . All these companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Brady delivered an average positive earnings surprise of 9.67% in the trailing four quarters.
Intellicheck delivered an average positive earnings surprise of 4.76% in the trailing four quarters.
Napco delivered an average positive earnings surprise of 41.87% in the trailing four quarters.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>