Arlo Technologies (NYSE:ARLO) Releases Q4 2024 Earnings Guidance

Arlo Technologies (NYSE:ARLO) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.070-0.130 for the period, compared to the consensus EPS estimate of 0.110. The company issued revenue guidance of $116.0 million-$126.0 million, compared to the consensus revenue estimate of $138.9 million. Arlo Technologies also updated its Q4 guidance to $0.07-$0.13 EPS.

Arlo Technologies Trading Up 3.3 %

ARLO stock traded up $0.39 during trading on Thursday, reaching $12.16. 1,661,600 shares of the stock traded hands, compared to its average volume of 942,029. The firm has a market capitalization of $1.22 billion, a PE ratio of -53.82 and a beta of 1.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.48 and a quick ratio of 1.23. The business’s 50 day moving average price is $11.35 and its 200-day moving average price is $12.67. Arlo Technologies has a 52-week low of $7.77 and a 52-week high of $17.64.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $127.45 million for the quarter, compared to analyst estimates of $125.03 million. Arlo Technologies had a negative return on equity of 20.75% and a negative net margin of 4.19%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts forecast that Arlo Technologies will post -0.4 earnings per share for the current year.

Analysts Set New Price Targets

ARLO has been the subject of several recent research reports. Roth Mkm increased their price objective on shares of Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. BWS Financial reaffirmed a “buy” rating and set a $24.00 price target on shares of Arlo Technologies in a research report on Friday, September 27th.

Insider Buying and Selling

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

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.