ADT links up with Google for growth

Article Excerpt

ADT keeps signing and retaining security customers. And one reason for its expanding market share are additions to its range of services. They include Wi-Fi-enabled security cameras and automated home solutions. Now, with ADT’s new smart-home partnership with Google-parent Alphabet, its prospects look even brighter. ADT INC. $9.36 is a Power Buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (www.adt.com; Shares outstanding: 760.8 million; Market cap: $8.2 billion; Dividend yield 1.5%) 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 jumped after it announced on August 3, 2020, that it was partnering with Google to provide Americans with a smart home security offering. The partnership combines Google’s Nest line of smart…

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