Investors Sound The Alarm On Cloud-Based Security Service

▤ Summary

Alarm.com ( ALRM ) shares fell Friday after the cloud-based home security service warned of slowing growth in 2019. XThe Tysons, Va.-based company earned an adjusted 29 cents a share on sales of $111.4 million in the quarter ended Dec. 31. "As we look ahead to 2019, we will continue to focus on bringing innovative solutions to our global base of service provider partners to address the secure, connected property markets," Chief Executive Steve Trundle said in a news release late Thursday. It can control smart locks, lights, thermostats, doorbell cameras and other devices from a 7-inch touchscreen panel and smartphone app. Alarm.com also is moving deeper into the commercial market with security systems for small and midsize businesses.

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