How Alarm.com’s New Mobile Intercom Platform Could Reshape ALRM’s Access Control Software Narrative

• Earlier this month, Alarm.com announced its low-cost Video Intercom Mobile Directory, a QR code-enabled, mobile-based visitor management solution that replaces traditional multi-tenant intercom hardware while integrating with existing Alarm.com and PointCentral systems.
• By centralizing access control in the cloud and eliminating in-unit intercoms, the product deepens Alarm.com’s role in multi-tenant security infrastructure and could broaden its appeal with property managers across residential, commercial, and shared office buildings.
• Next, we’ll examine how this mobile-first, low-footprint intercom solution could influence Alarm.com’s investment narrative around recurring software and access control.

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Alarm.com Holdings Investment Narrative Recap

To own Alarm.com, you generally need to believe in its ability to grow recurring, cloud-based security and access control services across residential and commercial properties. The new Video Intercom Mobile Directory reinforces that software-centric thesis, but it does not meaningfully change the near term focus on managing hardware related margin pressure and competition from larger technology players and low cost alternatives.

The recent ADC V730 Wi Fi spotlight camera launch is especially relevant here, as it highlights Alarm.com’s push to layer AI analytics and cloud services on top of connected hardware. Together with the new mobile intercom directory, it underscores how expanding the installed base of smart devices can support subscription growth and deepen customer reliance on Alarm.com’s integrated platform.

Yet even as these products expand Alarm.com’s reach, investors should still be aware that rising competitive pressure in connected security could...

Read the full narrative on Alarm.com Holdings (it's free!)

Alarm.com Holdings' narrative projects $1.1 billion revenue and $161.6 million earnings by 2028. This requires 4.1% yearly revenue growth and about a $32 million earnings increase from $129.5 million today.

Uncover how Alarm.com Holdings' forecasts yield a $68.71 fair value, a 30% upside to its current price.

Exploring Other Perspectives

Three Simply Wall St Community fair value estimates cluster between US$68.71 and US$78.16, suggesting a wide range of individual views. You can weigh these against the risk that heightened competition in home and business security may pressure Alarm.com’s margins and long term growth potential.

Explore 3 other fair value estimates on Alarm.com Holdings - why the stock might be worth just $68.71!

Build Your Own Alarm.com Holdings Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Alarm.com Holdings research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Alarm.com Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Alarm.com Holdings' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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