Alarm.com, Cloudflare Stocks were "Strong Performers" in 2020; Brinks, Napco Not So MuchBy Michael Goris
Although 2020 was a challenging year, it didn't stop some companies from achieving some market success. But not everyone was so lucky, as others endured disappointing declines. Today, we're taking a quick look at some notable stock performances, as outlined in a recent SSI article.
We already mentioned the 2020 success of Alarm.com (Nasdaq - ALRM) in an earlier post, but they have once again been highlighted as a "Strong Performer" for the year by SSI. Best known for their interactive monitoring and automation platform, Alarm.com saw their stock price rise 8% through the year, along with a revenue increase of 25.3% from $473.3 million to $592.9 million during the last 12-month (LTM) period that ended September 30. Great job!
In the cybersecurity sector, Cloudflare (NYSE - NET) was another "Strong Performer" according to SSI. The web security company that facilitates the online services of countless companies, including many Alarm Grid partners and vendors, enjoyed a stock price increase of 4% over the year. Also, their revenue was up by 50.5%, from $258.6 million, to $389.1 million over the LTM period that ended September 30. It sure was a nice year for Cloudflare!
But not everyone experienced growth last year. Security company Brinks (NYSE - BCO) was listed as one of the "Weak Performers" by SSI for 2020. Their stock price fell 6%, and they watched their revenue decline 1.4% from $3.7 billion to $3.6 billion over the LTM period that ended September 30. Another "Weak Performer" according to SSI was manufacturer Napco. Their stock price dropped 8%, and their revenue fell 4.4% from $2.8 billion to $2.7 billion over the LTM period that ended September 30. Hopefully, 2021 will provide an opportunity for new growth for anyone who suffered losses in 2020.
We have big expectations for 2021, both for Alarm Grid and the security industry as a whole. If you want to learn more about security systems and alarm monitoring services, please send us your questions by emailing email@example.com. Our team is here to help you from 9am to 8pm ET M-F. We look forward to hearing from you!