Arlo Technologies (ARLO) Scheduled to Post Quarterly Earnings on Thursday

Arlo Technologies (NYSE:ARLO) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Arlo Technologies to post earnings of $0.10 per share for the quarter. Arlo Technologies has set its Q3 guidance at $0.08 to $0.14 EPS and its Q3 2024 guidance at 0.080-0.140 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $127.45 million for the quarter, compared to the consensus estimate of $125.03 million. Arlo Technologies had a negative net margin of 4.19% and a negative return on equity of 20.75%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, analysts expect Arlo Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Arlo Technologies Trading Down 2.7 %

Shares of Arlo Technologies stock opened at $10.61 on Thursday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -58.94 and a beta of 1.76. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. Arlo Technologies has a 12-month low of $7.77 and a 12-month high of $17.64. The firm’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $12.68.

Insider Activity

In related news, Director Ralph E. Faison purchased 8,842 shares of Arlo Technologies stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $11.89 per share, for a total transaction of $105,131.38. Following the purchase, the director now owns 385,599 shares in the company, valued at approximately $4,584,772.11. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arlo Technologies news, Director Ralph E. Faison acquired 8,842 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $11.89 per share, for a total transaction of $105,131.38. Following the acquisition, the director now directly owns 385,599 shares in the company, valued at $4,584,772.11. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kurtis Joseph Binder sold 7,098 shares of Arlo Technologies stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $11.94, for a total transaction of $84,750.12. Following the sale, the chief financial officer now owns 892,595 shares in the company, valued at approximately $10,657,584.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Roth Mkm raised their price target on shares of Arlo Technologies from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Friday, September 27th.

About Arlo Technologies

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.