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HomeSecurityAccess ControlAlarm.com Shares Hit $US32.40 After Q1 Sales Beat Estimates

Alarm.com Shares Hit $US32.40 After Q1 Sales Beat Estimates

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ALARM.COM shares hit a high of $US32.40 after the company announced revenue of $74.2 million in Q1, beating estimates.

The strong result followed revenue of $69.8 million in Q4, which also beat analyst forecasts. Earlier this year, Alarm.com acquired video analytics specialist ObjectVideo and competitor Icontrol.

The solid showing in sales underlines the veracity of alarm monitoring in the cloud, with management of security and automation by mobile app. ♦

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SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

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