Why Alarm's Stock Is Trading Lower Today

Alarm.com ALRM shares were trading lower on Monday.

The move is likely triggered by the news that ADT ADT is partnering with Alphabet Inc. GOOGLGOOG to create smart home security offerings.

Alarm.com provides a software-as-a-service, or SaaS, platform solution for the connected home. The platform allows home and business owners to secure their properties and automate and control an array of connected devices. SaaS and license fees from service providers, who resell these services and pay Alarm.com a monthly subscription, are the largest sources of revenue for the firm.

The SaaS platform also caters to the service provider by offering enterprise-grade business-management solutions to expand and manage its customer base.

Alarm.com stock was trading down 18.52% to $57.07 per share on Monday during the time of publication. The stock has a 52-week high of $74.66 and a 52-week low of $32.