ADT’s partnerships add to its bright outlook

Article Excerpt

ADT keeps signing up new security customers at the same time it retains existing ones. Its expanded range of services is helping to drive that growth. Those products include Wi-Fi-enabled security cameras and automated home solutions. The company’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. ADT INC., $10.51, is a Power Buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (www.adt.com; Shares outstanding: 765.4 million; Market cap: $8.5 billion; Dividend yield 1.3%) 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 year or so, ADT has entered into a number of strategic partnerships…