Arlo Technologies (NYSE:ARLO) Releases Q4 Earnings Guidance

Arlo Technologies (NYSE:ARLO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.07-$0.13 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $116-$126 million, compared to the consensus revenue estimate of $138.94 million.

Arlo Technologies Trading Up 3.3 %

Shares of NYSE ARLO traded up $0.39 during trading hours on Thursday, hitting $12.16. 1,483,036 shares of the company traded hands, compared to its average volume of 941,202. The company’s 50 day moving average price is $11.35 and its 200 day moving average price is $12.67. Arlo Technologies has a 12 month low of $7.77 and a 12 month high of $17.64. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -53.82 and a beta of 1.78. The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $127.45 million during 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%. Arlo Technologies’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, equities research analysts anticipate that Arlo Technologies will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ARLO. Roth Mkm upped their target price on Arlo Technologies from $16.50 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. BWS Financial restated a “buy” rating and issued a $24.00 price objective on shares of Arlo Technologies in a report on Friday, September 27th.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 7,098 shares of Arlo Technologies 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 transaction, the chief financial officer now owns 892,595 shares in the company, valued at $10,657,584.30. The trade was 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 this hyperlink. In other news, CFO Kurtis Joseph Binder sold 7,098 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ralph E. Faison acquired 8,842 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $11.89 per share, for a total transaction 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 disclosure for this purchase can be found here. 3.80% of the stock is owned by insiders.

Arlo Technologies Company Profile

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.