Avigilon Wastes $39 Million on Stock Buyback

Author: John Honovich, Published on Jul 14, 2015

Avigilon is investing - in their own stock.

Over the past 2 months, Avigilon has spent nearly $40 million buying back their own stock.

In this note, we examine:

  • How they have 'profited' $22 million doing this
  • Why they undertook this endeavor
  • How this impacts their future growth plans

******** ** ********* - ** ***** *** *****.

**** *** **** * ******, ******** *** ***** ****** $** million ****** **** ***** *** *****.

** **** ****, ** *******:

  • *** **** **** '********' $** ******* ***** ****
  • *** **** ********* **** ********
  • *** **** ******* ***** ****** ****** *****

[***************]

Profited $**+ *******

** ****,******** ****** $*** *********** *********, ******* **** ****** ** $** ****. ***, ******** bought *.* ******* ****** **** ****** ********* ** ** ******* price ** $**.** *** *****, ********** **** $** ** '******' per ***** *** * ***** ** **** **** $** *******.

** ******, ** *******, ********'* ***** *********, ******** **** ***********. Furthermore, ****** ***** *** ** ***'* ********* ** * **** long-term ********.

*******, ** ******** ** ****** ***** *** ****, ******** *** reduced *** ****** ** ****** *********, ***** *********** ******** ******** per ***** **** ** ***** ******* ****** *** ****.

But ****** *****

*******, *** ***** ** ******* ** ~$**.** ** ******** ****, about **% ***** **** **** **** ****** *** ****** ** the ******. **** *** ******* ***** ***** *******, *** ********* did *** **** *** **** *** ******** *** *** **** funds *** ********* ** ***** ********.

Why **** ********* ****

******** ** ******** **** ******* ***** ******* ***** *****. **** **** ******* *** ***** ***** *** ***** $**, when **** ******* *** *** *** ** *** ** ******* requirements, *** ***** *** ~$**.**. *****, *** ***** ** ~$**.**, as ***** ** *** ***** ******* *****:

** *** ******** ****, ** ********* *** ****** ********* *** price.

Growth ******

******** *** $** ******* ** ****, ** ****** ** ** ****. *******, ******** ********** * $*** ******* ****** *************** **** ****, ****** $** ****** ******* **** ** **** the *********** ********.

*** ~$** ******* ********* **** *********** **** ***** ****** '********' and ****** ****** ***********. ****, ***** *** ******* ** ***** price *********** ********** ******, ******* *** ****** ***** ** **********.

Q2 *******

**** ** *** ********'* ** *******. ***** **** **** ***** ~$40 ******* ****** **** ***** *****, **** ****** *** * great ******* ** **** **** **** ******* ***** ***** ***** decline.

****** - ** ******* ********** ************ *********. ***: ******** **** ******* ******** - ** ****

Comments (10)

Undisclosed #1

07/14/15 03:39pm

***** **** **** ***** ~$** ******* ****** **** ***** *****, they ****** *** * ***** *******...

*** ****, ** ****** **** ** **** ****** *** ***** back ******* **** **** **** **** ***** ** **** * 'great' *******, ** *** **** ** *****, ** ***** ****** be ********** ******* ******* *** ********* *******?

John Honovich

IPVM | In reply to Undisclosed #1 | 07/14/15 03:44pm

****'* *** ** ************* ********** ***** *** ***** ******** *** backs ****** *** *** ** *** ******* (**** * ******* would **** *** **** **** *** ***** ******* ****).

*****'* ******* **** **** * ********** ******* *** *****.

* ** ****** ****** **** ********** ** **** * ******** implies **** **** *** ********* **** ******* *** ***** ** be ****. *** *** *****, ***** **** *** ****** ** buy ****. **'** *** **** *** ******* *** *********.

* ***** ********** ** ********* ** *** ******* **** *** much ****** **** **** *******, ***** **** **********.

F8f62ec7a869c0917f53cf3585ce6f19

Eric Fleming Bonilha

In reply to Undisclosed #1 | 07/30/15 02:30pm

****.. * ***** **** **** ********** **** **** ***** **** a ***** *******... **.. ** **** ** ******* *******?

****://********.***/*****-*****/*****-********/********-***********-*******-******-******-*******-****-*******?**********=********************************

John Honovich

IPVM | In reply to Eric Fleming Bonilha | 07/30/15 02:32pm

**, *** ******* ******* ** ***.

****, ***** ***** ** **** **** ******* ***** *** ******* were ********, ** ********* *** **** ***** ** * *******.

Undisclosed #1

In reply to John Honovich | 07/30/15 03:06pm

********** **** ****** *** ****** ******** ******** ** * ******...

*** **** ** * **** ******* ** ***** **** ********* could **** ****** ** ******* *** **** ******* ** *** at *** ******* ****** **** *** ******* ** ********* **** wasn't ****** ***.

********* **** *** ****** *********** ******* ***** *********...

Itamar Kerbel

07/15/15 06:02am

* ******* **** **** **** ** ***** ** ****** ******* that ** ******* **** *** ***** ** ***********.

** **** **** * ***** ******* ** **** **** **** are *****.

Undisclosed #1

07/16/15 05:31pm

****'* *** ** ************* ********** ***** *** ***** ******** *** backs ****** *** *** ** *** ******* (**** * ******* would **** *** **** **** *** ***** ******* ****).

** *** **** ******* **** *** *** ******* *** ******* because ** *** ****** *** ** *** *******? ****, ** would ****** **** ** ****'* **** ***** ** ***** *** opening **** ** *** **** ** ****.

****'* ***:

*,***,*** - ***,*** = *,***,***(***** ****** **** ***** ****** **** ** */**)

**,***,*** / **,*** = ** ****(****** ** **** / ***. ***** ******)

***** *** ************* **** ******* */** *** */* (*********).

** - ** = * ****.

****,June ** is therefore the earliest date they could have stopped, and that's assuming were able to trade the absolute maximum everyday since May 21.

** *** ***** ***/** ** *** **** *** ****** ********* the ******** ** *** *.* ******* ******?

John Honovich

IPVM | In reply to Undisclosed #1 | 07/16/15 05:40pm

***, * ******** *** ******** ** ******** - **** *** in **** **** ****** *** **** ****.

Undisclosed #1

In reply to John Honovich | 07/16/15 05:43pm

** **** * ****** ********/*** *** *****?

*'* ******* ** **** ******** *** ******** ***** ***** ** if *** ** ** ******* ** *****.

Undisclosed #1

07/17/15 06:23pm

****, **'* ******** **** **** ******* **** **** *** ******* of *** ** *** ******* ******** ************ *** *** *******.

  1. *** ** ******* ********* *** *** *** ********* ****** **** 1 ************ *** ** *** ******* ** * *** ***** ******* are ********.
  2. **** **** ********* ** *** **** ****** ******** ******* ***** their ********** ****** **** ***-********** ************ ****** ***** *** **** weeks ** ******* *** *** ********* ***********.

**** *** ** ****** *** ******* ** ***, *** ****** a ************ ****** ***, ***** ** ********** ** *** ***-****** material ***********.

********* ******** **** ***** ***** **** ********, *** **** **** they ****** $** ******* ** **** ***** ****** *** ******** a ****** ******* **** *** ****** ** ******* *********.

*** * **** *** ** ********* * '***** *******'.

** ******* **** ** ******* **** **** *** ** **** to ****** ***** *** ****** *********** **** * **** **** block *******. ** *** **** *** ****** ******* ** ***** of ***, *** *** ** **** ** ***** ****.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Most Recent Industry Reports

Hikvision H.265+ Bullet Tested (2035) on Jul 24, 2017
Continuing our tests of Hikvision's new low cost Value Plus line, we bought and tested the 3MP DS-2CD2035FWD-I, now including H.265+. We shot the...
Sports Stadium Security Design Recommendations on Jul 24, 2017
Sports stadiums pose many challenges for designing security systems. The facilities vary from being mostly vacant, to packed with tens of thousands...
Competing Against Convergint on Jul 24, 2017
No integrator is more aggressively expanding than Convergint Technologies. Owned and funded by private equity firm KRG, Convergint has acquired...
Security Robots Are Just Entertainment on Jul 21, 2017
Great entertainment, no real security value.  That is the happy (or sad) state of security robots in 2017. Knightscope robot's drowning, the...
Wireless Burglar Alarm Sensors Guide on Jul 21, 2017
Wireless sensors for burglar alarm sensors are an increasingly common option for the historical labor intensive wired alarm systems. However,...
Competing Against ADT on Jul 20, 2017
ADT is one of the biggest players in the security industry, with ~$4 billion revenue. In 2017, they were acquired / merged with Protection...
Hikvision Launching Deep Learning Recorders on Jul 20, 2017
Hikvision has become a common choice for super low cost NVRs. Now, Hikvision is aiming to move up market, with deep learning NVRs that claim far...
PR Campaign Exploiting Manufacturer Cybersecurity on Jul 20, 2017
Manufacturers increasingly have a bulls-eye on their back. As cyber security solutions providers grow, they realize a great way to get publicity...
Axis Door Station Tested (A8105-E) on Jul 19, 2017
Axis continues their push into niche markets, especially audio, with network speakers, an IP horn, and video door stations. We bought and tested...
Manufacturer Favorability Guide on Jul 19, 2017
This 120 page PDF guide may be downloaded inside by all IPVM members. It includes our 20 manufacturer favorability rankings and 20 manufacturer...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact