The 52-week price range is $10.26-$24.22 and the company has a market capitalization of $1.08 billion. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 0 has assigned a hold rating, 1 says it’s a buy, and 4 have assigned a strong buy rating to the company.
AlarmCom Hldg Inc (ALRM) on March 14, 2016 announced that they have partnered to introduce smarter home security and automation technology to Australian consumers.
ADT Interactive Security, powered by Alarm.com’s cloud services platform, offers smarter home security that keeps consumers in control and aware of their property from anywhere. Through a single, intuitive mobile app, consumers see live HD video and saved clips, and receive alerts and reminders about exactly what’s going on at their property.
ADT Australia has extensive experience bringing home security technology to market and is the leading provider in Australia. Alarm.com’s exceptional consumer services, broad ecosystem of connected services and best-in-class enterprise partner services enabled ADT Australia to rapidly deploy an enhanced interactive security solution and to capitalize on emerging opportunities going forward.
“We chose Alarm.com to partner with for our Interactive Security offering because of their innovative technology and proven reliability,” said Mark Shaw, Managing Director, ADT Security Australia.
“It’s great to partner with a leading brand like ADT Australia to grow our footprint in this strong market,” said Reed Grothe, Alarm.com’s Senior Vice President of International Business Development. “It’s another signal of momentum as Alarm.com increasingly becomes the partner of choice for businesses around the world.”
Alarm.com Holdings, Inc. provides cloud-based software platform solutions for the connected homes in the United States and internationally. It offers multi-tenant software-as-a-service platform that allows home and business owners to intelligently secure and manage their properties, as well as remotely interact with an array of connected devices through a single intuitive interface. The company provides interactive security solutions, which offer intelligent security and awareness services through a dedicated, cellular, and two-way connection to the home or business; and intelligent automation solutions that connects, integrates, and controls the devices in the home or business, such as security systems, garage doors, lights, door locks, thermostats, electrical appliances, environmental sensors, and other connected devices.
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