Investment Thesis
Our previous article on Alarm.com Holdings Inc. (NASDAQ:ALRM) speculated that the stock was undervalued due to unfounded fears of impact from DIY solutions, despite the company's strong track record over previous years. The share price experienced meaningful appreciation over the next year however has recently experienced a pull back which warrants a follow up examination. We will discuss recent developments, re-visit and provide an update on the many growth levers available to the company and provide a valuation refresh, ultimately establishing that shares appear undervalued once more and value investors should