AI Crime Prevention and Fire Safety: Alarm.com (ALRM)'s Next-Gen Solutions at ISC West
We recently compiled a list of the Top 8 AI News Updates Investors Shouldn't Miss. In this article, we are going to take a look at where Alarm.com Holdings, Inc. (NASDAQ:ALRM) stands against the other AI stocks.
On March 19th, the stock market bounced back after the US Federal Reserve kept interest rates unchanged at 4.25% to 4.5%. The Fed also anticipated two rate cuts this year despite elevated inflation. The S&P 500 index was up over 1%, while the Nasdaq Composite jumped by well over 200 points. The rally was led by the magnificent seven stocks after weeks of market declines amid trade wars and disappointing economic data.
Elsewhere, AI continues to transform industries and individual lives, from AI nurses reshaping hospital care to schools reporting that students are learning faster and more effectively with AI.
Furthermore, AngelList CEO Avlok Kohli claimed that all software companies are AI companies now.
'The enthusiasm into AI actually carries over into everything, which effectively impacts all startups,' said Kohli when asked if investors are as excited about emerging startups outside of AI.
Meanwhile, security risks surrounding AI continue to loom. Computer scientist and AI pioneer Fei-Fei Li co-authored a report suggesting that lawmakers should consider AI risks that 'have not yet been observed in the world' when devising AI regulations. The report highlighted that the novel risks posed by AI could require legislation that compels AI developers to publicly report their safety tests and security protocols.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey's Q4 2024 database of over 1000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points ().
A view of a control room with video screens monitoring multiple sites through intelligent automation.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) offers security, video monitoring, and access control solutions via its cloud-based platform to residential customers, small businesses, and enterprises. The company's intelligent automation and wellness solutions enable customers to manager and control their property completely remotely.
On March 19th, Alarm.com Holdings (NASDAQ:ALRM) announced it will showcase its AI-based crime prevention solutions like AI Deterrence (AID), remote video monitoring capabilities, and upcoming integrated fire safety technologies at the ISC West 2025.
'Previously, pursuing a market like remote video monitoring would have required an expensive multi-app, multi-vendor set up. Alarm.com's ever-growing suite of integrated crime prevention and property protection solutions enable service providers to offer differentiated new services to customers on the platform they're already installing at scale. This also results in more convenience and control for home and business owners who can manage their systems on one app.'
Overall, ALRM ranks 4th on our list of top AI news updates investors shouldn't miss. While we acknowledge the potential of ALRM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALRM but that trades at less than 5 times its earnings, check out our report about the .
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at .
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
25 minutes ago
- Business Insider
‘Nothing Lasts Forever,' Says Top Investor About Palantir Stock
Palantir (NASDAQ:PLTR) stock presents investors with quite a quandary. Confident Investing Starts Here: On the one hand, there is no denying that the company has delivered incredible growth over the past few years. Its revenues are skyrocketing, its margins are strong, and its list of customers continues to grow by leaps and bounds. Its share price has responded in kind, surging by over 466% over the past twelve months. And therein lies the rub, as PLTR is now trading at elevated multiples that are far and above the sector average. This leads to the question of whether all that company growth has led to enthusiasm that is a bit too optimistic. Top investor Riyado Sofian is decidedly on the fence, and is not sure which way the winds will blow. 'It's hard to decide whether to buy or sell — best to just hold it,' states the 5-star investor, who is in the top 3% of TipRanks' stock pros. Sofian outlines the bull case, describing a company that has introduced game-changing AI technology that sets the firm apart from its peers. Beyond the growing sales, profits, and customers, the investor also points out that revenues from Palantir's top 20 customers increased by 26% year-over-year, a strong indication of customer satisfaction. While the company continues to raise its guidance, it often succeeds in going well beyond these numbers, notes Sofian, and it has repeatedly 'destroyed its guidance' in previous quarters. In other words, more massive growth could be on the horizon for Palantir. 'All things considered, this is execution on an elite level — there's no denying it,' adds Sofian. And yet, judging by traditional metrics, the company is overvalued, the investor acknowledges, and its narrative as 'the most important AI company in the West' is what has powered its continuing ascent. For that reason, as long as the company's growth continues apace, PLTR should continue to rise as well. However, that is far from certain, and at a valuation of 100x its revenues, there is practically no room for error if the impressive rate starts to slow. To this point, Sofian reminds investors that nothing lasts forever. With neither a Buy nor a Sell looking particularly appealing, Sofian is splitting the difference and rating PLTR shares a Hold (i.e. Neutral). (To watch Sofian's track record, click here) That stance is echoed across Wall Street. Of the 18 analyst reviews on file, 11 say Hold, while just 3 recommend Buy and 4 suggest Sell, making PLTR a consensus Hold. The average 12-month price target sits at $101.06, implying a ~23% downside from current levels. (See PLTR stock forecast) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
32 minutes ago
- Yahoo
M&S resumes online sales six weeks after devastating cyber hack
Marks & Spencer customers were able to shop from the retailer's website today for the first time since it was crippled by a devastating cyber hack nearly seven weeks ago. The company said 'a selection of our best-selling fashion ranges are now available online for home delivery to England, Scotland and Wales - but not Northern Ireland - from today. 'More of our fashion, home and beauty products will be added every day and we will resume deliveries to Northern Ireland and Click and Collect in the coming weeks. Thank you sincerely for your support and for shopping with us.' It is the most encouraging sign yet that M&S is finally getting to grips with a cyber attack that will cost it £300 million in profits this year although about half of that is expected to be offset by insurance and other measures. Shoppers had been able to browse the website but have not been able to pay for any goods. It was forced to stop taking orders on its website when hackers gained access to its systems over the Easter weekend. M&S has said it expects disruption from the hack to continue until July. It emerged this week that M&S CEO Stuart Machin was sent a message on the 23 April from the hacker group DragonForce using an employee email account.
Forbes
40 minutes ago
- Forbes
Thai Billionaire's B.Grimm, Digital Edge Building $1 Billion AI-Powered Data Center
Computer servers in a data center. Power—controlled by Thai billionaire Harald Link—is partnering with Singapore's Digital Edge to build a $1 billion data center in Thailand amid booming demand for AI-powered applications in the region. The duo formed joint venture, Digital Edge B. Grimm, which will build data centers across Thailand, starting with a 96-megawatt (MW) data center in Chonburi province, around 100 km southeast of Bangkok, according to a statement released on Monday. 'Our collaboration with Digital Edge is a major milestone in our commitment to Thailand's digital future,' Harald Link, group president of Power said in the statement. 'By combining renewable energy with cutting-edge data center technology, we're enabling the country's transformation into a regional AI and cloud innovation hub.' B. Grimm—one of Thailand's biggest conglomerates with interests in energy, real estate, transportation and healthcare industries—will hold a 40% stake in the data center, which will support AI and cloud service providers across Southeast Asia. 'Thailand stands out as one of Asia's most compelling digital growth markets,' John Freeman, CEO of Digital Edge said. 'As demand for AI and machine learning continues to surge, our entry into Thailand comes at an ideal time to support the country's digital transformation.' Backed by New York-based private equity firm Stonepeak Partners, Digital Edge operates data centers across China, India, Indonesia, Japan, Malaysia, the Philippines and South Korea, according to its website. Thailand aims to make the country a regional data center hub and has approved three projects worth $2.7 billion in March, including a 300 MW facility by China's Beijing Haoyang and a 35 MW facility being built by Thai billionaire Sarath Ratanavadi's Gulf Energy, local mobile carrier Advanced Info Service and partner SingTel. Global tech giants such as ByteDance's TikTok, Alphabet's Google, and Microsoft have also been building new digital facilities in the country. With a real-time net worth of $1.2 billion, Link is among the wealthiest in Thailand. which was founded in 1878 as Siam Dispensary, was acquired by his grandfather in 1914. The company has been led by Link since 1987. He is now preparing his daughter, Caroline to take over.
