Cloud Stocks:’s Product And Partner Portfolio Helps Address Competition

According to a Fortune Business Insights report, the global smart home market size is projected to grow at 29% CAGR to reach $622.59 billion by 2026. Virginia-based (Nasdaq: ALRM) is investing in product upgrades to cater to this growing demand.’s Financials recently reported its fourth-quarter results. Q4 revenues grew 18% to $165.6 million. Adjusted net income increased to $23.1 million, or $0.45 per share, surpassing the market’s estimates of $0.27.

By segment, SaaS and license revenue increased 17% to $105.5 million and hardware and other revenues grew 19.2% to $60.1 million.

For the fiscal year, revenues grew 23% to $618 million and EPS was $1.75.

For the first quarter, the company forecast SaaS and license revenues of $104.8-$105 million. It expects to end the current year with total revenues of $660.5-$671.5 million and an EPS of $1.61- $1.72. The market has forecast revenues of $668.99 million with an EPS of $1.67 for the year.’s Expanding Products

Recently, announced an integration with OpenEye to provide more robust security and intelligence solutions. As part of the integration, OpenEye’s Web Services (OWS) will be combined with’s cloud-based smart business security platform to give users enhanced video verification capabilities and advanced real-time alert notifications. The integration pushes sensor and event data from for Business systems to OWS so that subscribers are able to get actionable alerts, video verification of critical events, and streamlined incident video search capabilities. OWS users are also able to receive intrusion and access event alerts online for active monitoring, while remote managers are able to get mobile push notifications. is also expanding its offerings to other connected technologies. It recently announced that users can now connect their cars and homes through its integrated security platform to help them stay informed about their vehicle’s status. Connected Car has been developed in collaboration with vehicle telematics solutions pioneer CalAmp and provides the availability of a vehicle monitoring solution within the smart home security system. Users can get vehicle insights, notifications, and home automation features through the mobile app. Connected Car device plugs into a vehicle’s OBD-II port for easy self-installation and provides users with notification on diagnostics, driving behavior, and unexpected movement.

1 2
View single page >> |

Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.