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

Arlo Technologies (NYSE:ARLO) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Arlo Technologies to post earnings of $0.09 per share for the quarter. Arlo Technologies has set its Q2 2024 guidance at 0.060-0.120 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). The business had revenue of $124.20 million during the quarter, compared to the consensus estimate of $124.06 million. Arlo Technologies had a negative net margin of 3.46% and a negative return on equity of 16.71%. 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 Price Performance

Shares of Arlo Technologies stock opened at $13.33 on Wednesday. The firm has a 50 day simple moving average of $14.34 and a 200 day simple moving average of $12.19. The firm has a market cap of $1.30 billion, a P/E ratio of -74.05 and a beta of 1.83. Arlo Technologies has a fifty-two week low of $7.77 and a fifty-two week high of $17.64.

Insider Activity at Arlo Technologies

In other Arlo Technologies news, Director Amy M. Rothstein sold 25,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $13.37, for a total transaction of $334,250.00. Following the sale, the director now directly owns 76,271 shares of the company’s stock, valued at approximately $1,019,743.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Amy M. Rothstein sold 25,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $13.37, for a total transaction of $334,250.00. Following the transaction, the director now directly owns 76,271 shares in the company, valued at $1,019,743.27. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Amy M. Rothstein sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $14.83, for a total transaction of $222,450.00. Following the completion of the sale, the director now directly owns 75,032 shares in the company, valued at $1,112,724.56. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ARLO has been the topic of several analyst reports. Craig Hallum increased their price objective on shares of Arlo Technologies from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, May 10th. Roth Mkm increased their target price on Arlo Technologies from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, BWS Financial reaffirmed a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Tuesday, July 9th.

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.