Alliance Global Partners analyst Brian Kinstlinger raised the firm’s price target on Alarum to $10 from $9 and keeps a Buy rating on the shares, noting that the company’s Q3 adjusted EBITDA of $1.9M was double the firm’s estimate and that Q3 revenue grew more than 40% year-over-year despite the headwind from winding down its consumer business.
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Read More on ALAR:
- Alarum reports Q3 EPS 3c vs. (7c) last year
- Alarum Transitioned to Net Profit of $1.1 Million in The Third Quarter of 2023; Adjusted EBITDA Climbed to a Record of $1.9 Million
- Alarum: NetNut Announces Grant of a United States Patent
- Alarum announces NetNut granted U.S. patent
- Alarum announces NetNut expanded market presence
