Why ADT Inc. (ADT) Went Up on Thursday

We recently compiled a list of the 10 Firms Stayed Strong Amid Market Bloodbath. In this article, we are going to take a look at where ADT Inc. (NYSE:ADT) stands against the other stocks.

The stock market ended in a bloodbath on Thursday, with all major indices finishing in the red, as investors turned cautious anew over President Donald Trump’s tariff imposition on goods from more countries.

The Dow Jones dropped by 0.45 percent, while the S&P declined 1.59 percent. Nasdaq, on the other hand, lost 2.78 percent.

On Thursday, Trump threatened to slap EU products with a 25-percent tariff, following his announcement on Wednesday of another month of delay for the imposition of taxes on goods from Mexico and Canada.

Meanwhile, ten companies defied broader market pessimism, posting strong gains during the day.

To come up with Thursday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A technician demonstrating a security solution for a corporate office.

ADT Inc. (NYSE:ADT)

ADT Inc. (NYSE:ADT) rose to an all-time high at intra-day trading on Thursday, touching the $8.33 price, or a 10.6-percent increase from its closing price on Wednesday, before losing slight momentum to close at $8.12 apiece.

The strong performance followed the company’s 2024 earnings results, where it registered an 8-percent increase in net income at $501 million versus $463 million in 2023. However, net income for the fourth quarter of the year declined by 67 percent to $190 million from $576 million in the same period a year earlier.

Revenues for the full year inched up by 5 percent to $4.898 billion from $4.653 billion, while revenues for the fourth quarter alone rose by 8 percent to $1.26 billion from $1.172 billion.

For this year, ADT Inc. (NYSE:ADT) is targeting revenues to settle between $5.025 billion and $5.225 billion, with adjusted earnings per share of 77 cents to 85 cents.

Overall ADT ranks 8th on our list of Thursday’s top gainers. While we acknowledge the potential of ADT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as ADT but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.