Zacks Investment Research | Jan 07, 2019 12:45AM ET
In a bid to bolster its Wellness product line and Home Automation segment, Alarm.com Holdings, Inc. (NASDAQ:ALRM) recently unveiled Wellcam and Wellness Insights. These products are specifically designed to improve the well-being and safety of loved ones inside the confines of a house.
Wellcam is aimed at enabling independent living. It boasts of a 180-degree field of view and 1080p resolution camera. After connecting the camera to Wi-Fi, the users will get a clear view of the activities of their children or aging parents. Moreover, it also features audio calls and live videos, which enables the user to visually connect with their family.
Meanwhile, Wellness Insights primarily focuses on the healthy living of an individual. It utilizes sensors and predictive analytics to check on the changing behavior and health-patterns of the family members, and notify them in case of any aggravation.
Consequently, we believe Alarm is poised to benefit from these new products, which are devised to assure the users about the safety of their loved ones while they are away.
Coming to price performance, shares of Alarm have increased 39.7% over a period of one year, against the Zacks Investment Research
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