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Fly News Breaks for May 4, 2018
ALRM
May 4, 2018 | 05:28 EDT
Jefferies analyst John DiFucci raised his price target for Alarm.com to $51 from $48 saying the company exceeded Q1 estimates, guided Q2 above the Street, and increased annual guidance by more than the Q1 beat. Organic subscription growth accelerated to the fastest rate in over a year, DiFucci tells investors in a post-earnings research note. He views the quarter as strong and keeps a Buy rating on the shares.
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