Alarm.com Holdings: Jumps after upbeat Q2 results, strong forecast

Alarm.com Holdings

09/08/2019 13:45

** Alarm.com's shares  ALRM.O  jump 12.3% to $56.75
premarket after Q2 results beat estimates, FY forecast largely
above Street
    ** ALRM, which provides monitoring and smart home
technology, is among the top pct gainers among U.S. stocks
before the bell
    ** Quarter was helped by strong growth of its SaaS and
license revenue  urn:newsml:reuters.com:*:nGNX4P1qwL
    ** However, at least 2 brokerages lower their PT on stock;
Stifel says that though Q2 results show core stabilization,
acceleration remains elusive
    ** Current avg rating on stock is "buy"; median PT $67.50
    ** Stock has fallen ~3% this year 

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Amy.CarenDaniel@thomsonreuters.com))