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ADT Inc. (ADT)

NYSE - NYSE Delayed Price. Currency in USD
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8.45+0.69 (+8.89%)
At close: 4:00PM EST

8.36 -0.09 (-1.07%)
After hours: 7:46PM EST

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Previous Close7.76
Open7.90
Bid8.36 x 1800
Ask8.42 x 2200
Day's Range7.87 - 8.47
52 Week Range3.40 - 17.21
Volume6,222,546
Avg. Volume4,294,022
Market Cap6.975B
Beta (5Y Monthly)2.37
PE Ratio (TTM)N/A
EPS (TTM)-0.79
Earnings DateMar 03, 2021 - Mar 08, 2021
Forward Dividend & Yield0.14 (1.76%)
Ex-Dividend DateDec 18, 2020
1y Target Est11.72
  • ADT Inc. Announces Tender Offers for Up to an Aggregate of $300 Million Outstanding 6.250% Second-Priority Senior Secured Notes due 2028 and 4.875% First-Priority Senior Secured Notes due 2032
    GlobeNewswire

    ADT Inc. Announces Tender Offers for Up to an Aggregate of $300 Million Outstanding 6.250% Second-Priority Senior Secured Notes due 2028 and 4.875% First-Priority Senior Secured Notes due 2032

    BOCA RATON, Fla., Dec. 04, 2020 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) (the “Company” or “ADT”), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today announced that Prime Security Services Borrower, LLC, Prime Finance Inc. and The ADT Security Corporation (the “Offerors”), each a wholly-owned subsidiary of ADT, have commenced tender offers to purchase (the “Tender Offers”) up to $300 million aggregate principal amount (the “Aggregate Offer Limit”) of their outstanding 6.250% Second-Priority Senior Secured Notes due 2028 (the “2028 Notes”) and 4.875% First-Priority Senior Secured Notes due 2032 (the “2032 Notes” and together with the 2028 Notes, the “Notes”). ADT will fund the Offers with cash on hand.  In September 2020, ADT received $450 million of gross proceeds from an equity investment in the Company by Google, and has stated its intention to use these proceeds to reduce debt and fund growth investments in 2020 and beyond. Subject to the Aggregate Offer Limit and proration, the Notes accepted for payment on the Early Settlement Date (as defined below) or the Final Settlement Date (as defined below), as the case may be, will be accepted in accordance with their order of priority (the “Acceptance Priority Level”) as set forth in the table below (with 1 being the highest Acceptance Priority Level and 2 being the lowest Acceptance Priority Level). Subject to the Aggregate Offer Limit and proration, all Notes tendered at or before the Early Tender Time having a higher Acceptance Priority Level will be accepted before any Notes tendered at or before the Early Tender Time having a lower Acceptance Priority Level are accepted, and all Notes validly tendered after the Early Tender Time having a higher Acceptance Priority Level will be accepted before any Notes tendered after the Early Tender Time having a lower Acceptance Priority Level are accepted in the Tender Offers. However, if the Tender Offers are not fully subscribed as of the Early Tender Time, subject to the Aggregate Offer Limit, Notes tendered at or before the Early Tender Time will be accepted for purchase in priority to other Notes tendered after the Early Tender Time, even if such Notes tendered after the Early Tender Time have a higher Acceptance Priority Level than Notes tendered prior to the Early Tender Time.        NotesCUSIP Number(s)Principal Amount OutstandingAcceptance Priority LevelTender Offer ConsiderationEarly Tender PaymentTotal Consideration 6.250% Second-Priority Senior Secured Notes due 202874166M AE6, US74166MAE66, U7415P AF2 and USU7415PAF28$1,300,000,0001$1,042.50$30.00$1,072.50 4.875% First-Priority Senior Secured Notes due 203274166N AA2, US74166NAA28, U7415Q AA1 and USU7415QAA14$728,016,0002$1,035.00$30.00$1,065.00         The consideration for Notes validly tendered prior to 5:00 p.m., New York City time, on December 17, 2020 (the “Early Tender Time”), and not validly withdrawn prior to the Early Tender Time, will be (a) $1,072.50 for each $1,000 principal amount of 2028 Notes, which includes an early tender payment of $30.00 per $1,000 principal amount of 2028 Notes so tendered, and (b) $1,065.00 for each $1,000 principal amount of 2032 Notes, which includes an early tender payment of $30.00 per $1,000 principal amount of 2032 Notes so tendered. The consideration for 2028 Notes validly tendered after the Early Tender Time but prior to 11:59 p.m., New York City time, January 4, 2021 (the “Expiration Time”), will be (a) $1,042.50 for each $1,000 principal amount of 2028 Notes and (b) $1,035.00 for each $1,000 principal amount of 2032 Notes.The early settlement date for all Notes that are validly tendered at or prior to the Early Tender Time and not validly withdrawn prior to 5:00 p.m., New York City time, on December 17, 2020 (the “Withdrawal Deadline”), and accepted by the Offerors for purchase in the Tender Offers, will be promptly after the Early Tender Time and is expected to be on or about December 18, 2020 (the “Early Settlement Date”). The final settlement date for all Notes that are validly tendered after the Early Tender Time but at or prior to the Expiration Time, and accepted by the Offerors for purchase in the Tender Offers, will be promptly after the Expiration Time and is expected to be on or about January 5, 2021 (the “Final Settlement Date”).Tenders of the Notes may be withdrawn at any time prior to the Withdrawal Deadline but not thereafter, except to the extent the Offerors, as they determine necessary or to the extent required by law, provide additional withdrawal rights.The Offerors reserve the right to (i) extend, withdraw or terminate any of the Tender Offers at any time and from time to time, (ii) waive any and all conditions to any of the Tender Offers or (iii) otherwise amend any of the Tender Offers in any respect. Each Tender Offer is a separate tender offer to purchase the applicable Notes for cash, and each Tender Offer may be individually amended, extended or terminated.The terms and conditions of the Tender Offers are described in an Offer to Purchase, dated December 4, 2020 (the “Offer to Purchase”), which will be distributed to all holders of the Notes.BNP Paribas Securities Corp. is acting as dealer manager for the Tender Offers. Questions regarding the terms of the Tender Offers may be directed to BNP Paribas Securities Corp. at (212) 841-3059, (888) 210-4358 or e-mail at dl.us.liability.management@us.bnpparibas.com. D.F. King & Co., Inc. is acting as the tender and information agent for the Tender Offers. Requests for the Offer to Purchase may be directed to D.F. King & Co., Inc. at (212) 269-5550 (for brokers and banks), (866) 796-3328 (for all others) or e-mail at adt@dfking.com.Nothing in this press release should be construed as an offer to purchase any Notes, as the Tender Offers are being made only to the recipients of the Offer to Purchase, upon the terms and subject to the conditions set forth therein.About ADT ADT is a leading provider of security, automation, and smart home solutions serving consumer and business customers through more than 300 locations, 9 owned and operated monitoring centers, and the largest network of security professionals in the United States. The company offers many ways to help protect customers by delivering lifestyle-driven solutions via professionally installed, do-it-yourself, mobile, and digital-based offerings for residential, small business, and larger commercial customers. For more information, please visit www.adt.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.Forward-Looking StatementsThis press release, and other reports, filings, and other public written and verbal announcements contain certain information that may constitute “forward-looking statements” and therefore are subject to risks and uncertainties. All statements contained in this press release that are not clearly historical in nature, including statements regarding anticipated financial performance, management’s plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions, our ability to successfully respond to the challenges posed by the COVID-19 pandemic, our strategic partnership and ongoing relationship with Google LLC (“Google”), the expected timing of product commercialization with Google or any changes thereto, the successful internal development, commercialization and timing of our next generation platform and other matters are forward-looking. Any time we use the words “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and similar expressions, we intend to clearly express that the information deals with possible future events and is forward-looking in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking.  Forward-looking information involves risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such statements, including without limitation, the risks and uncertainties disclosed or referenced in ADT’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. Therefore, caution should be taken not to place undue reliance on any such forward-looking statements. Much of the information in this press release that looks toward future performance of the Company is based on various factors and important assumptions about future events that may or may not actually occur. We assume no obligation (and specifically disclaim any such obligation) to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.ADT Investor Relations: Derek Fiebig derekfiebig@adt.com ADT Media Paul Wiseman paulwiseman@adt.com

  • ADT Mobile Safety Powers Lyft’s New Emergency Help Feature in Nationwide Rollout
    GlobeNewswire

    ADT Mobile Safety Powers Lyft’s New Emergency Help Feature in Nationwide Rollout

    ADT’s mobile safety solution now helps protect and provide peace of mind to Lyft’s riders and driversBOCA RATON, Fla., Nov. 18, 2020 (GLOBE NEWSWIRE) -- ADT (NYSE: ADT) and Lyft are helping to protect more people with the national introduction of Emergency Help, a new Lyft safety feature powered by ADT that discreetly connects Lyft riders and drivers to an ADT monitoring professional in the event they feel uncomfortable or need emergency response. The nationwide availability follows a successful multi-city pilot program and is now available to Lyft’s riders and drivers. Lyft’s Emergency Help feature is supported by ADT’s mobile safety platform, Safe by ADT, and is fully integrated into the Lyft app. It provides riders and drivers with peace of mind and access to 24/7 professional monitoring and emergency assistance. If Lyft users ever feel uncomfortable or unsafe, they can discreetly contact ADT at the push of a button. Riders can choose whether they want to receive a text or a call from ADT, or if they’d like ADT to silently alert 911 on their behalf. To help prevent distracted driving, drivers will receive a call from ADT. After contacting the user, or if there is no response, ADT will alert authorities as needed so they can arrive at the user’s live location, equipped with detailed ride information.“At ADT, we believe everyone has the right to feel safe, and Lyft is using ADT’s mobile safety solutions to create even safer experiences for its riders and drivers,” said Leah Page, Vice President, Mobile Security & Strategic Projects at ADT. “We are honored to provide the trusted protection of ADT in the palm of every Lyft user’s hand for peace of mind while on the go.”The nationwide expansion of Emergency Help, supported by ADT, reinforces ADT and Lyft’s commitment to safety innovation. The partnership is also the latest example of ADT’s expansion beyond the home to provide safety solutions and peace of mind to more customers wherever they are.“Our national integration with ADT, America’s most trusted name in security, is the latest feature in Lyft’s around-the-clock efforts to keep our community safe,” said Jennifer Brandenburger, Director of Public Policy for Community Safety at Lyft. “By enabling users to quickly and silently escalate concerns to security professionals and first responders at the tap of a button, we hope to prevent safety incidents from happening and intervene if they do.”About ADT ADT is a leading provider of security, automation, and smart home solutions serving consumer and business customers through more than 300 locations, 9 owned and operated monitoring centers, and the largest network of security professionals in the United States. The Company offers many ways to help protect customers by delivering lifestyle-driven solutions via professionally installed, do-it-yourself, mobile, and digital-based offerings for residential, small business, and larger commercial customers. For more information, please visit www.adt.com or follow on Twitter, LinkedIn, Facebook, and Instagram.About Lyft Lyft was founded in 2012 by Logan Green and John Zimmer to improve people’s lives with the world’s best transportation, and is available to 95 percent of the United States population as well as select cities in Canada. As the world shifts away from car ownership, Lyft is at the forefront of this massive societal change. Lyft is committed to effecting positive change for our cities and making cities more livable for everyone through initiatives that bridge transportation gaps, and by promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships. We are singularly driven by our mission: to improve people’s lives with the world’s best transportation.ADT Media Relations Paul Wiseman 561-356-6388 paulwiseman@adt.com

  • RBC Predicts Over 100% Rally for These 3 Stocks
    TipRanks

    RBC Predicts Over 100% Rally for These 3 Stocks

    The news lately is focused on the advent of coronavirus vaccines. First Pfizer announced that it had a product in trials, which was showing a 90% efficacy rate, and now Moderna has joined the chorus, with a vaccine that is showing even higher effectiveness, on the order of 94.5%. Between the two news releases, investors are feeling confident; we may be out of the COVID woods sooner than has been anticipated.In a report on the new vaccine announcement, and what they mean for the financial markets, RBC’s analyst Brian Abrahams wrote, “A key focus for investors, and for society overall, has been how quickly immunity will spread throughout the population - either through infection or vaccination - such that transmission will begin to slow and we can start to return to some sense of normalcy. With [the] announcement of positive data from a second vaccine, this reaffirms the potential high protection rates from immunization and should enable a second supplier that can speed availability; we now see ‘herd immunity’ achievable one month sooner than our previous estimate.”Turning Abrahams’ outlook into tangible recommendations, RBC analysts are pounding the table on three stocks, with these pros seeing over 100% upside potential in store. Running the tickers through TipRanks’ database, we learned that all three have earned a “Strong Buy” consensus rating from the rest of the Street.Optinose, Inc. (OPTN)Optinose is a pharmaceutical company with a unique niche. The company focuses on developing medicinal treatments for the ears-nose-throat specialty. Optinose has one drug on the market, ONZETRA, and a second, XHANCE, in late-stage trials. Like many research-heavy pharmaceutical companies, Optinose operates a net loss. However, the recent Q3 report showed net revenue at $15.4 million (the highest in over year), beating Street estimates of $14.6 million.Along with the financial results, Optinose reported some sound operational developments from the third quarter. These included a promotion agreement with fellow pharma firm kaleo to promote XHANCE among healthcare providers and the announcement of a new drug in the pipeline. On a final note, the company had over $143 million in cash on hand as of September 30.With the price per share landing at $4.09, RBC analyst Randall Stanicky tells investors to get on board before it takes off. “Metrics provided for 3Q were encouraging with new scripts showing solid sequential growth on the back of greater refill activity, higher market share, and growing traction in high prescribing physicians. At the same time spend guidance was cut. The kaleo co-promotion recently kicked off with OPTN well funded setting shares for further recovery into 2021,” Stanicky noted.To this end, Stanicky rates OPTN an Outperform (i.e. Buy), and his $17 price target implies an impressive upside potential of 304% from current levels. (To watch Stanicky’s track record, click here)It turns out that the rest of the Street wholeheartedly agrees with the RBC analyst. With 5 Buys and no Holds or Sells, the message is clear: OPTN is a Strong Buy. The $17.80 average price target puts the upside potential above Stanicky's forecast at 337%. (See OPTN stock analysis on TipRanks)GoHealth (GOCO)Next up is another company in the healthcare sector. GoHealth is an insurance marketplace, working make enrollment easier for customers. The company focuses on the growing Medicare market, but also offers individual and family plans.GoHealth conducted its IPO earlier this year, in July, in what was the largest healthcare IPO of the year at that time. The company sold 4.6 million shares and raised $914 million, with an initial share price of $21, above the range originally set. The stock has dropped since then, losing almost half its value – but according to RBC, that sets the company up as a buying opportunity.A strong Q3 underlies that opportunity, as GOCO reported $163.4 million in net revenues for its first full quarter as a public company. This was a 52% gain year-over-year, and contributed mightily to the year-to-date revenues of $431.4 million. GOCO adjusted its full-year 2020 revenue guidance upward, to the $850 to $890 million range.RBC’s Frank Morgan wrote of GoHealth: “The company continues to benefit from the attractive Medicare Advantage market and leverage its expanding sales platform and technology investments to drive impressive growth and enhanced profitability. We believe the broader market opportunity and GOCO's operating capabilities provide an attractive set-up for next year and beyond.”In line with this positive outlook, Morgan rates the stock Outperform (i.e. Buy), and sets a $22 price target. His target indicates confidence in 101% upside growth for the year ahead. (To watch Morgan’s track record, click here)GoHealth’s Strong Buy consensus rating is supported by 5 Buy reviews and just 1 Hold. The stock has a $20 average price target, suggesting a robust upside of 81% over the next 12 months. (See GOCO stock analysis on TipRanks)ADT, Inc. (ADT)Last up is a company in the security sector. ADT is a well-known provider of electronic security, fire alarm systems, and other monitoring services in the residential and small business markets. The company’s blue signs are an easily recognizable indicator of its home protection services throughout the US.In its third quarter results, released this month, ADT started out by noting its record customer retention rate, a key point for any business, before giving three vital markers of financial performance. Quarterly revenue was down slightly year-over-year, from $1.301 billion to $1.299 billion, but the company’s net loss moderated from $182 million last year to $113 million in the current report. And finally, free cash flow improved year-over-year, from $459 million to $532 million.5-star analyst Seth Weber wrote the RBC report on this stock, and he liked what he saw. Summing up, Weber notes, “We like ADT’s high revenue visibility, improving returns, and significant free cash flow. We see value in ADT’s bigger push into commercial (faster growing/lower attrition/better returns in a normalized environment) and recent partnership announcement with Google (help capture more of fast growing smart home mkt), as well as other ongoing growth initiatives to help augment/diversify its legacy residential home security offerings.”These comments support Weber’s Outperform rating on ADT, as does his $15 price target, which implies a 101% one-year upside. (To watch Weber’s track record, click here.)ADT’s Strong Buy rating is based on 4 analyst reviews, which include 3 Buys and 1 Hold. Meanwhile, the average price target stands at $11.13, making the 12-month upside potential 47%. (See ADT stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.