Before the market open on Tuesday, the security provider reported earnings of 49 cents per share, higher than analysts' estimates for earnings of 46 cents per share.
Revenue of $900 million missed analysts' forecasts for revenue of $906.2 million.
Additionally, the company launched ADT Canopy, which will provide monitoring services to wearables and home devices, ADT said in a statement.
"Our quality growth plan is improving our financial performance and will position us for lower attrition and higher levels of free cash flow" CEO Naren Gursahaney said in a statement. "We're also investing in our traditional business and expanding into adjacencies, creating more growth opportunities in the future."
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "hold" with a ratings score of C+. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: ADTADT data by YCharts