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ADT Inc. (NYSE:ADT), a $7.09 billion market cap security solutions provider whose stock has gained over 21% year-to-date, announced the retirement of Marques Coleman from its Board of Directors, effective May 31. Coleman, a Class II director, was set to serve until the 2028 Annual Meeting of Stockholders. His retirement was disclosed in a recent SEC Form 8-K filing.
Coleman was a designee of funds managed by affiliates of Apollo Global Management (NYSE:APO), Inc. His departure is not due to any disagreements with the company or its board, nor does it relate to any issues with the company’s operations, policies, or practices, according to the filing. InvestingPro data shows ADT maintains a GOOD Financial Health Score, with particularly strong metrics in profitability and growth.
ADT Inc., headquartered in Boca Raton, Florida, is a leading provider of security and automation solutions, generating nearly $5 billion in revenue with an impressive 82% gross margin. The company operates under the standard industrial classification of services in the detective, guard, and armored car services sector. According to InvestingPro’s Fair Value analysis, ADT appears slightly undervalued, with additional insights available in the comprehensive Pro Research Report.
The filing was signed by Noah Allen, Vice President, Deputy General Counsel, and Assistant Secretary of ADT Inc., and was submitted to the SEC on Monday.
This information is based on a press release statement filed with the SEC.
In other recent news, ADT Corporation reported a strong performance for the first quarter of 2025, with a 7% increase in total revenue to $1.3 billion. The company also saw an 11% rise in adjusted earnings per share, reaching $0.21, and more than doubled its adjusted free cash flow to $226 million. ADT launched new features such as the ADT Plus platform and AI integration, contributing to its robust financial results. Additionally, the company returned $445 million to shareholders, maintaining a record low gross attrition rate of 12.6%.
In another development, ADT shareholders approved several key proposals during the recent annual meeting. These included the election of directors and the approval of executive compensation. An amendment to declassify the Board and another to allow stockholders to call a special meeting were also approved. Furthermore, PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for ADT through the fiscal year ending December 31, 2025.
Analysts have noted ADT’s resilience in a challenging economic environment, with firms like Barclays (LON:BARC) and Goldman Sachs focusing on the company’s strong cash flow and customer retention strategies. The company reaffirmed its full-year guidance, anticipating a 14% increase in adjusted free cash flow and an 8% rise in adjusted earnings per share. ADT is closely monitoring potential tariff impacts and exploring strategies to mitigate equipment cost increases.
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