According to Zacks, “Arlo Technologies, Inc. product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience. The company’s cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time. Its connected devices, including wire-free smart Wi-Fi and LTE-enabled cameras, advanced baby monitors and smart security lights. Arlo Technologies, Inc. is based in San Jose, United States. “
Several other equities research analysts have also commented on ARLO. Raymond James upped their target price on Arlo Technologies from $10.00 to $11.00 and gave the company an outperform rating in a research report on Thursday, May 6th. Deutsche Bank Aktiengesellschaft upped their target price on Arlo Technologies from $7.00 to $11.00 in a research report on Wednesday, February 24th.
Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Tuesday, May 4th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.18. Arlo Technologies had a negative return on equity of 51.54% and a negative net margin of 19.41%. As a group, equities analysts expect that Arlo Technologies will post -0.68 earnings per share for the current year.
In other Arlo Technologies news, CFO Gordon Mattingly sold 23,000 shares of the stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $5.99, for a total value of $137,770.00. Following the transaction, the chief financial officer now owns 652,182 shares in the company, valued at $3,906,570.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 635 shares of company stock worth $4,209. Corporate insiders own 1.60% of the company’s stock.
Large investors have recently made changes to their positions in the business. A.R.T. Advisors LLC bought a new position in Arlo Technologies in the fourth quarter worth approximately $80,000. Victory Capital Management Inc. bought a new position in Arlo Technologies in the fourth quarter worth approximately $83,000. Orion Capital Management LLC bought a new position in Arlo Technologies in the fourth quarter worth approximately $124,000. Malaga Cove Capital LLC boosted its holdings in Arlo Technologies by 16.7% in the first quarter. Malaga Cove Capital LLC now owns 15,925 shares of the company’s stock worth $100,000 after acquiring an additional 2,275 shares in the last quarter. Finally, Pinz Capital Management LP purchased a new stake in shares of Arlo Technologies in the first quarter worth approximately $107,000. Institutional investors and hedge funds own 68.47% of the company’s stock.
Arlo Technologies Company Profile
Arlo Technologies, Inc, together with its subsidiaries, provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Go, a LTE-enabled wire-free camera that provides untethered mobile security; Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision; Arlo Chime, a product that plugs into standard wall outlet and pairs with the Arlo Audio Doorbell to play various ringtones or act as a siren; and Arlo Ultra, an integrated spotlight and crystal-clear two-way audio with advanced noise cancellations camera.
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