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Fly News Breaks for February 28, 2018
AMZN, ALRM
Feb 28, 2018 | 09:14 EDT
William Blair analyst Bhavan Suri believes Amazon.com's (AMZN) acquisition of Ring is likely to create an overhang on the shares of Alarm.com (ALRM). The deal likely adds "more fuel" to concerns around do-it-yourself smart home and security offerings, Suri tells investors in a research note. The analyst, however, believes Amazon's motivation for acquiring Ring is actually different than many other DIY providers. Amazon's goal is to sell more products, and securing the front of a house enables more packages to be safely delivered, Suri writes. Nevertheless, he thinks the Ring purchase is likely to pressure Alarm.com shares "through additional negative sentiment around the DIY threat." Suri keeps an Outperform rating on Alarm.com.
News For ALRM;AMZN From the Last 2 Days
AMZN
Apr 21, 2024 | 17:10 EDT
"Box Office Battle" is The Fly's weekly roundup of what movies topped the weekend's box office. A24’s “Civil War”... To see the rest of the story go to thefly.com. See Story Here