Arlo Technologies (NYSE:ARLO) Announces Earnings Results, Misses Expectations By $0.15 EPS

Arlo Technologies (NYSE:ARLO - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.15), Zacks reports. The business had revenue of $121.57 million for the quarter, compared to analyst estimates of $121.36 million. Arlo Technologies had a negative return on equity of 24.14% and a negative net margin of 4.76%. Arlo Technologies updated its Q1 2025 guidance to 0.090-0.150 EPS.

Arlo Technologies Stock Performance

Arlo Technologies stock traded down $2.25 during midday trading on Monday, reaching $12.14. 2,473,516 shares of the stock were exchanged, compared to its average volume of 812,956. The company's fifty day moving average is $11.63 and its 200-day moving average is $11.68. The firm has a market cap of $1.22 billion, a PE ratio of -48.44 and a beta of 1.77. Arlo Technologies has a 52 week low of $9.92 and a 52 week high of $17.64.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ARLO shares. BWS Financial restated a "buy" rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Friday. Craig Hallum boosted their target price on shares of Arlo Technologies from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday.

Insider Activity

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 59,316 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $11.43, for a total value of $677,981.88. Following the transaction, the chief executive officer now owns 3,128,696 shares in the company, valued at approximately $35,760,995.28. The trade was a 1.86 % decrease 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, General Counsel Brian Busse sold 9,007 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total transaction of $105,021.62. Following the completion of the transaction, the general counsel now owns 602,458 shares in the company, valued at $7,024,660.28. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,333 shares of company stock worth $1,656,923. 3.80% of the stock is currently owned by corporate insiders.

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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.