ADT expands cross-selling options

Article Excerpt

ADT keeps signing and retaining security customers. Additions to the company’s range of services are a key driver of that growth. They include its new smart-home offerings in partnership with Google-parent Alphabet. Now, through its acquisition of Sunpro Solar, ADT will be able to cross-sell an entirely new product to its existing clients. All this bodes well for the prospects of this Power Buy. ADT INC., $8.04, is a Power Buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (www.adt.com; Shares outstanding: 767.0 million; Market cap: $6.6 billion; Dividend yield 1.7%) is a leading provider of monitored security products and services to residential and commercial customers in the U.S. It has more than six million residential and small business customers. The company sells security and automation systems to help detect intrusion and hazards, such as smoke, fire and flooding. It employs personnel to react to alarms by relaying information to first responders. ADT announced in August 2020, that it would partner with Google to provide Americans…