Wall Street Analyst Sees Profits Ahead for NAPCO


A money manager in New York sees a bright year ahead for NAPCO Security Systems Inc., saying he expects the company’s stock to rise to $25 by the end of the year. Neal Goldman of Goldman Capital Management Inc. says in an article in Barron’s magazine that the electronic security company is benefiting from previous research spending and an overhaul to its sales network.

Upon the Sunday publication of the article, NAPCO’s stock rose 15 percent Monday.

Goldman says NAPCO devoted a good portion of its spending to research and development in 2003 that is paying off in 2004. He also cites NAPCO’s current multiyear exclusive pact to manufacture the Safewatch EZ home security product for ADT Security as a profit-builder for the company.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters