That commitment is already a mission in progress. Over the past 18 months, ALAR has laid the foundation to anchor its position as a market leader in cybersecurity and privacy solutions, leading to significant growth resulting from the increasing recognition by private and enterprise customers that choose the value-added benefits of its innovative client-specific solutions. While the name has changed, the focus hasn't, with ALAR intensifying its asset-supported mission to enable a secure network environment and protect organizations and individuals from privacy breaches and cyber-attacks.
Cumulatively speaking, ALAR has achieved impressive milestones that set them up for what could be a breakout in 2023 as their enhanced privacy and cybersecurity provider solutions serve a growing number of enterprises and consumers worldwide. That optimistic presumption is warranted, supported by a string of quarterly revenue growth and strengthened bottom-line results that are outpacing peer competition and even several major players. Investors are taking notice.
A Bullish Rally Intact
Since the start of the year, ALAR shares have been higher by over 20%, with trading momentum over the past few sessions set up to assault levels not seen since December of 2022. In fact, a short consolidation period in the middle of January appears to have strengthened bullish sentiment, with higher-than-normal volume helping drive share prices 12% higher over the past six trading sessions. Still, those gains may be the precursor for better things, noting that ALAR's Q3 financials were more than impressive; they were record-setting. Better still, for those investing in growth, the momentum generated during the second half of 2022 shows no signs of slowing.
Alarum management is bullish. They noted that business is strengthening across the board, recently announcing that its wholly-owned subsidiary and enterprise privacy network unit, NetNut, is ideally positioned to capitalize on potentially enormous revenue-generating opportunities from current and prospective clients in the price comparison website (PCW) market. That sector presented an estimated
But the better news for ALAR, and investors, is that analysts expect the PCW market to become a more than
Although revenue increases can drive valuations higher, the even better news is that because of intense cost-cutting over the previous quarters, those revenues can fall faster to the bottom line, which could be why industry analysts model for ALAR shares to reach a median 12-month price target of
Again, not an overly ambitious statement. Company updates indicate that ALAR hasn't only been targeting opportunities; they are actively seizing them.
Subsidiary Strength Expediting Growth
That's evidenced in Q3 with ALAR saying that wholly-owned subsidiary NetNut doubled its usage volume and processed over 36 billion customer requests over a comparative monthly period. That growth is attributed to the onboarding of several strategic customers that enhanced NetNut's network ability to process billions of requests compared to prior periods. While current run rates are impressive, additional growth to volume is likely in the queue, resulting from further client acquisitions expected after they become better acquainted with NetNut's ability to improve price comparison capabilities, provide users with seamless and competitive business analysis, and, most importantly, increase productivity.
But when appraising ALAR, keep in mind that NetNut isn't the only performing value driver. Revenue contributions from other assets in its enterprise privacy solutions, consumer cyber-security and privacy solutions, and enterprise cyber-security solutions segments add to the company's steepening growth trajectory. Its first segment offers cybersecurity and privacy solutions for basic and advanced consumers, providing a substantial security blanket against ransomware, viruses, phishing, and other online threats. It also provides users with a robust, secure, and encrypted connection, masking their online activity and keeping them safe from hackers.
A second segment, privacy solutions for enterprises, is powered by the world's fastest and most highly secured proxy network that enables customers to anonymously collect data at any scale from any public source over the web using a unique hybrid network. In addition, the ALAR network comprises both entry and exit points based on its proprietary reflection technology, leveraging the power of hundreds of optimally designed servers located at ISP partners worldwide that help guarantee the service's privacy, quality, stability, and speed. There's more contributing to record-setting growth.
A third value-driving asset targets rev-gen initiatives from current and potential clients needing enterprise cybersecurity solutions. This revenue stream is accretive through its global information securities provider,
As mentioned earlier, the great news is that these assets aren't just targeting diversified opportunities; they are capitalizing on them. Better yet, they are delivering growth that larger and often less nimble industry players like
Seven Consecutive Quarters Of Growth
Indeed, ALAR enjoyed record-setting growth in Q3, with comparative revenues surging by 42% to a record
Gross profit for the nine months surged by 143% to
Being Proactive Instead Of Reactive
With that in mind, trading proactively instead of reactionary ahead of Q4 results may be wise. After all, using precedent as a guide, ALAR has delivered consecutive growth over the past seven quarters. Just as importantly, they've provided evidence of entering 2023 better positioned than ever to keep that winning streak alive as revenues continue to increase across all of its segment channels. What's more, recent updates from ALAR point to further organic growth thanks to its ability to capitalize on strengthening market positions, which, by the way, is behind its enterprise privacy business turning profitable and scoring its own record-setting numbers.
There's still more to like. CyberKick, another subsidiary, is performing better than expected, giving optimism that income from that asset could contribute appreciably more to revenue streams this year. Thus, considering its asset portfolio and contributions, the prudent way to appraise ALAR is not singularly but instead as a sum of its parts calculation. The entirety of its assets, including having roughly
That proposition is more robust, noting strategic accretive initiatives, formidable assets, a strong balance sheet, and leveraging skills from expert management. And while that's plenty to support the bullish case, investors should keep in mind that record revenues and strengthened bottom-line performance are additional value drivers that can't and shouldn't be ignored. The rally in ALAR stock shows many investors aren't, which could prove that timing market moves may not be that difficult. Of course, seven consecutive quarters of revenue growth helps that proposition, a differentiation ALAR contributes to the consideration.
Disclaimers:
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
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