Why Alarm.com Holdings Inc. Stock Fell 18% Thursday
Shares of home-technology company Alarm.com (NASDAQ: ALRM) fell as much as 18% on Thursday, following the company's third-quarter earnings release. The stock is down about 15% at the time of this writing.
While Alarm.com's third-quarter revenue and adjusted earnings per share (EPS) were higher than expected, investors may be disappointed in Alarm.com's worse-than-expected outlook for full-year profitability. Alarm.com management said it expects full-year adjusted EPS to be between $0.87 and $0.88. On average, analysts were expecting full-year EPS of $0.97.
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Source: Fool.com
Alarm.com Holdings Inc Stock
€64.00
0.790%
The community is currently still undecided about Alarm.com Holdings Inc with 2 Buy predictions and 0 Sell predictions.
However, we have a potential of -4.69% for Alarm.com Holdings Inc as the target price of 61 € is below the current price of 64.0 €.
