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Alarm.com Holdings, Inc. (ALRM) 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.
It also offers video monitoring solutions, which provide live streaming, smart clip capture, high definition continuous recording, and instant video alerts through its mobile app or on the Web; and energy management solutions that offer enhanced energy monitoring and management services.
In addition, the company provides service provider solutions, including a permission-based online portal that offers access to a set of marketing, sales, training, and support tools and information; installation and support tools and apps, which enables service providers to install and service their connected home customers; business management services; and sales, marketing, and training services.
The Company has approximately 2.6 million residential and business subscribers.
Shares have formd a bullish "cup and handle" and are the cusp of a breakout of this formation. The firm is scheduled to report its earnings on August 15th. Higher share prices are expected for this stock.
52-Weeks Trading Range: $10.26 - $29.92
Entry Point: $29.40
Stop Loss: $27.50
Target Price: $32.35
ALRM closed at $27.10
