ADT’s partnerships help power its results

Article Excerpt

ADT keeps signing up new security customers at the same time it retains more and more of its existing ones. The company’s expanded services help drive that growth. Those products include Wi-Fi-enabled security cameras and automated home solutions. ADT’s outlook is even brighter because of its new smart-home partnership with Google parent Alphabet. That’s on top of its other strategic relationships, which include branching out into solar power, and attracting an ownership interest from State Farm. ADT INC., $6.94, is a Power Buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (www.adt.com; Shares outstanding: 858.7 million; Market cap: $6.5 billion; Dividend yield 2.0%) is a leading provider of monitored security products and services to residential and commercial customers in the U.S. It has more than 6.5 million residential and small business customers. ADT sells security and automation systems to help detect intrusion and hazards, such as smoke, fire and flooding. Its workers react to alarms by relaying information to first responders. Over the last couple…