Alarm.com is a technology company that specializes in providing cloud-based services for smart security and home automation
The company offers a suite of products and solutions that allow homeowners and businesses to monitor and manage their security systems, energy usage, and other connected devices through a centralized platform. By leveraging innovative technology, Alarm.com enhances user experiences with features such as video surveillance, smart home integration, and real-time alerts, all designed to improve safety, convenience, and operational efficiency for its customers.
Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with explosive earnings growth, and the upward trend shows no signs of stopping
as the industry has posted a 18.2% gain over the past six months, beating the S&P 500 by 13.2 percentage points.
Home security and automation software provider Alarm.com (NASDAQALRM) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7.1% year on year to $242.2 million. The company expects the full year’s revenue to be around $979.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.58 per share was 8.6% above analysts’ consensus estimates.
Since August 2024, Alarm.com has been in a holding pattern, posting a small loss of 0.8% while floating around $63.87. The stock also fell short of the S&P 500’s 16.9% gain during that period.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vertical software stocks fared in Q3, starting with Manhattan Associates (NASDAQMANH).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vertical software stocks fared in Q3, starting with Bentley (NASDAQBSY).
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Home security and automation software provider Alarm.com (NASDAQALRM) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 8.4% year on year to $240.5 million. The company’s full-year revenue guidance of $934.8 million at the midpoint came in slightly above analysts’ estimates. Its GAAP profit of $0.67 per share was also 60.6% above analysts’ consensus estimates.
Home security and automation software provider Alarm.com (NASDAQALRM) will be announcing earnings results tomorrow after market close. Here’s what investors should know.
