Arlo Technologies (ARLO) to Release Quarterly Earnings on Thursday

Arlo Technologies (NYSE:ARLO - Get Free Report) is expected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $121.36 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Arlo Technologies Stock Performance

Shares of NYSE:ARLO traded up $0.22 during trading hours on Friday, reaching $11.46. The stock had a trading volume of 657,059 shares, compared to its average volume of 615,973. Arlo Technologies has a 1 year low of $8.63 and a 1 year high of $17.64. The firm's 50 day moving average is $11.60 and its 200-day moving average is $11.69. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -45.82 and a beta of 1.77.

Insiders Place Their Bets

In other news, General Counsel Brian Busse sold 9,007 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $105,021.62. Following the completion of the sale, the general counsel now directly owns 602,458 shares of the company's stock, valued at approximately $7,024,660.28. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Blake Mcrae sold 316,644 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.54, for a total transaction of $3,654,071.76. Following the sale, the chief executive officer now owns 3,160,988 shares of the company's stock, valued at $36,477,801.52. This trade represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 488,565 shares of company stock valued at $5,629,360. 3.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BWS Financial reaffirmed a "buy" rating and set a $24.00 price target on shares of Arlo Technologies in a report on Friday, November 8th. Craig Hallum dropped their price target on shares of Arlo Technologies from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, November 8th.

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.