Alarm.com Holdings, Inc. (ALRM) Tops Q2 EPS by 4c, Offers FY Guidance
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Credit Suisse Raises Price Target on Alarm.com Holdings, Inc. (ALRM) as Hardware Drives 2Q Beat
August 16, 2016 10:17 AM EDTCredit Suisse reiterated an Outperform rating on Alarm.com Holdings, Inc. (NASDAQ: ALRM), and raised the price target to $35.00 (from $28.00), following the company's 2Q earnings report. ALRM reported results all above estimates, with Hardware revenue driving the company's top line beat.
Analyst Michael Nemeroff commented, "ALRM posted strong Q2 results, in our view, with revenue, adj. EBITDA, and EPS all above expectations. Hardware... More
Raymond James Downgrades Alarm.com (ALRM) to Market Perform
August 16, 2016 7:29 AM EDTRaymond James downgraded Alarm.com (NASDAQ: ALRM) from Outperform to Market Perform and removed its price target (prior $25.00).
For an analyst ratings summary and ratings history on Alarm.com click here. For more ratings news on Alarm.com click here.
Shares of Alarm.com closed at $32.93 yesterday.
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