Alarum Technologies (NASDAQ:ALAR) Releases Earnings Results

Key Points

• Alarum Technologies reported earnings per share (EPS) of $0.17, significantly beating analysts' expectations of $0.02, demonstrating strong financial performance.
• The company's stock has a market capitalization of $116.70 million and recently experienced a trading decrease of 2.1%.
• Canaccord Genuity raised the target price for Alarum Technologies shares from $15.00 to $22.00 and assigned a "buy" rating, suggesting positive outlook among analysts.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) issued its earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.15, Zacks reports. Alarum Technologies had a net margin of 15.53% and a return on equity of 27.47%.

Alarum Technologies Trading Down 2.1%

ALAR stock opened at $16.46 on Thursday. Alarum Technologies has a 1 year low of $5.45 and a 1 year high of $21.50. The company has a fifty day simple moving average of $13.70 and a 200 day simple moving average of $9.74. The firm has a market cap of $116.70 million, a PE ratio of 24.57 and a beta of 1.38.

Institutional Investors Weigh In On Alarum Technologies

An institutional investor recently bought a new position in Alarum Technologies stock. XTX Topco Ltd bought a new position in shares of Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,498 shares of the company's stock, valued at approximately $142,000. XTX Topco Ltd owned about 0.15% of Alarum Technologies at the end of the most recent reporting period. Institutional investors own 3.23% of the company's stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their target price on shares of Alarum Technologies from $15.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Alarum Technologies presently has an average rating of "Buy" and an average target price of $22.00.

Alarum Technologies Company Profile

Alarum Technologies Ltd. provides internet access and web data collection solutions in North, South, and Central America, Europe, Southeast Asia, the Middle East, and Africa. The company operates through two segments, Enterprise Internet Access Solutions and Consumer Internet Access Solutions. The company offers security blanket against ransomware, viruses, phishing, and other online threats, as well as secured and encrypted connection, masking the customers online activity and keeping them safe from hackers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.