William Blair analyst Bhavan Suri believes Alphabet's (GOOG, GOOGL) Nest's new do-it-yourself security system does not change Alarm.com's (ALRM) long-term growth potential. Nest Secure is not that differentiated from existing do-it-yourself products, therefore its impact on the monitored security market should not be that material, Suri tells investors in a research note. He also do not see Moni, one of Alarm.com's largest customers, providing the professional monitoring service for Nest as a big headwind to Alarm.com. He believes Moni would rather push its own service, which is run on Alarm.com, versus Nest due to better monetization and a direct relationship with the customer. Suri keeps an Outperform rating on Alarm.com.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here