Home automation seller Control4 surges ahead of earnings – Reuters

SAN FRANCISCO, July 30 ** Shares of home
automation provider Control4 up 9.8 pct ahead of Q2
results after the bell; up 19 pct in past two sessions

** Company creates software and devices to automate music,
security, lighting, temperature in homes

** Relies on dealers and professional installation of
equipment; goes against growing do-it-yourself trend of
“connected home” gadgets sold at hardware stores from companies
like Google’s Nest

** Previous quarterly report was major disappointment for
Wall St, sending shares down 28 pct over following 7 sessions

** Stock now near all-time lows following 2013 IPO with
growing competition from recently listed Alarm.com and

** Short interest has steadily increased to 14.5 pct in
mid-July from 8.7 pct in January

** Short squeeze risk is 85/100 according to Starmine model
considering volatility, suggested a high likelihood of a

(Reuters Messaging:


Write a Reply or Comment:

You must be logged in to post a comment.