Latest news with #securitysolutions
Yahoo
2 days ago
- Business
- Yahoo
Why Resideo (REZI) Stock Is Trading Up Today
What Happened? Shares of home automation and security solutions provider Resideo Technologies (NYSE:REZI) jumped 12.9% in the afternoon session after an upgrade from Morgan Stanley, which raised its rating on the stock to Overweight from Equal-Weight. The investment bank boosted its price target to $35 from a previous $24. The upgrade was driven by several positive developments, including Resideo's strong second-quarter results, which surpassed the high end of guidance and marked the best organic revenue growth in 15 quarters. Additionally, analysts highlighted the recent cancellation of a "longstanding and complex" indemnification agreement with Honeywell. This move is seen as removing a significant structural barrier for investors and creating a clearer path to what Morgan Stanley estimates could be approximately $3 in earnings power. The company's plan to separate its ADI Global distribution business in 2026 was also noted as a potential catalyst for unlocking shareholder value. Is now the time to buy Resideo? Access our full analysis report here, it's free. What Is The Market Telling Us Resideo's shares are quite volatile and have had 17 moves greater than 5% over the last year. But moves this big are rare even for Resideo and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 7.5% on the news that the company reported record second-quarter financial results that beat analyst expectations and raised its full-year guidance. The company posted record revenue of $1.94 billion, a 22% increase from the previous year, and adjusted earnings per share of $0.66. These figures surpassed Wall Street's forecasts. While Resideo recorded a net loss of $825 million, this resulted from a one-time expense to end an agreement with Honeywell. Investors appeared to focus on the strong operational performance, as both its Products and Solutions and ADI segments achieved organic revenue growth. In a sign of confidence, the company also lifted its full-year 2025 financial outlook and announced plans to spin off its ADI business segment. Resideo is up 37% since the beginning of the year, and at $31.21 per share, has set a new 52-week high. Investors who bought $1,000 worth of Resideo's shares 5 years ago would now be looking at an investment worth $2,255. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Tahawul Tech
07-08-2025
- Business
- Tahawul Tech
AI-induced psychosis Archives
86% of companies in the UAE rely on multi-vendor ecosystems despite the fact that such fragmented security solutions lead to operational and financial strains, says recent Kaspersky research.
Tahawul Tech
07-08-2025
- Business
- Tahawul Tech
Asia Pacific Archives
86% of companies in the UAE rely on multi-vendor ecosystems despite the fact that such fragmented security solutions lead to operational and financial strains, says recent Kaspersky research.
Yahoo
06-08-2025
- Business
- Yahoo
Why Is Resideo (REZI) Stock Soaring Today
What Happened? Shares of home automation and security solutions provider Resideo Technologies (NYSE:REZI) jumped 7.5% in the afternoon session after the company reported record second-quarter financial results that beat analyst expectations and raised its full-year guidance. The company posted record revenue of $1.94 billion, a 22% increase from the previous year, and adjusted earnings per share of $0.66. These figures surpassed Wall Street's forecasts. While Resideo recorded a net loss of $825 million, this resulted from a one-time expense to end an agreement with Honeywell. Investors appeared to focus on the strong operational performance, as both its Products and Solutions and ADI segments achieved organic revenue growth. In a sign of confidence, the company also lifted its full-year 2025 financial outlook and announced plans to spin off its ADI business segment. Is now the time to buy Resideo? Access our full analysis report here, it's free. What Is The Market Telling Us Resideo's shares are quite volatile and have had 15 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 15.6% on the news that the company announced a trio of significant strategic updates, including the planned spin-off of its ADI Global Distribution business, a settlement of its long-term payment obligations with Honeywell, and an optimistic outlook for its second-quarter financial results. The series of announcements included a plan to separate its ADI Global Distribution business into an independent, publicly traded company via a tax-free spin-off. This move was designed to unlock shareholder value and provide greater strategic flexibility for both entities. Additionally, Resideo reached a definitive agreement with Honeywell to make a one-time cash payment of $1.59 billion, which terminated all future annual payment obligations of up to $140 million. This settled a long-standing financial overhang for the company. Capping off the positive news, Resideo also stated that it expected its second-quarter 2025 financial results for revenue, adjusted EBITDA, and adjusted earnings per share to finish above the high-end of its previously issued guidance, signaling strong underlying business performance. Resideo is up 24.1% since the beginning of the year, and at $28.27 per share, it is trading close to its 52-week high of $28.52 from July 2025. Investors who bought $1,000 worth of Resideo's shares 5 years ago would now be looking at an investment worth $2,226. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Zawya
30-06-2025
- Business
- Zawya
Gallagher signs strategic MOU with Convergint in Riyadh
Riyadh, Saudi Arabia - In May, Gallagher Security took a significant step forward in its Middle East growth strategy by signing a Memorandum of Understanding (MOU) with Convergint, a global leader in service-based systems integration. The notable signing ceremony was held at the New Zealand Embassy in Riyadh, and witnessed by Charles Kingston, New Zealand Ambassador to the Kingdom of Saudi Arabia. Nemer Mdardas, Regional Director Middle East and North America, Gallagher Security, says the agreement marks the beginning of a strategic partnership aimed at delivering integrated security solutions across the Kingdom, supporting the objectives of Saudi Arabia's Vision 2030 and its growing demand for resilient, future-ready infrastructure. 'The MOU underscores Gallagher's commitment to deepening its partnerships in the region, fostering long-term value creation, and enhancing critical infrastructure protection through best-in-class security technologies,' says Nemer. 'Our partnership with Convergint is a strategic alignment that strengthens our presence in the Kingdom and reaffirms our commitment to supporting Vision 2030. 'Together, we aim to deliver intelligent, integrated security solutions that protect what matters most across Saudi Arabia's evolving urban and industrial landscapes.' Convergint is a global systems integrator and through this collaboration, they will serve as a Channel Partner of Gallagher Security. 'We are delighted to formalize our partnership with Gallagher,' says Convirgent Country Director, Saif Al Shahrani. 'By bridging Gallagher Security's expertise with local market needs, this collaboration strengthens business prospects and innovation within Saudi Arabia, reflecting a shared commitment to growth and excellence.' For more information, please contact: About Gallagher Security: A global leader in integrated security solutions that unlock customer value through the power of our people and products. From making sure people go home safely to their families each night, to helping organizations become more efficient, productive, and profitable. Trusted within the highest levels of national and local government, military, commercial, industrial, healthcare, transportation, academic organizations, and small businesses in 140 countries. Visit for more information.
