Arlo Technologies (ARLO) Set to Announce Earnings on Thursday

Arlo Technologies (NYSE:ARLO - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Arlo Technologies to post earnings of $0.10 per share for the quarter. Arlo Technologies has set its Q3 guidance at $0.08 to $0.14 EPS and its Q3 2024 guidance at 0.080-0.140 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $127.45 million during the quarter, compared to analyst estimates of $125.03 million. Arlo Technologies had a negative net margin of 4.19% and a negative return on equity of 20.75%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. On average, analysts expect Arlo Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Arlo Technologies Price Performance

NYSE:ARLO traded down $0.39 during mid-day trading on Thursday, hitting $10.24. The company's stock had a trading volume of 673,401 shares, compared to its average volume of 935,252. The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $11.51 and a 200-day moving average of $12.67. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -56.33 and a beta of 1.76. Arlo Technologies has a fifty-two week low of $7.77 and a fifty-two week high of $17.64.

Insider Activity at Arlo Technologies

In other Arlo Technologies news, Director Ralph E. Faison purchased 8,842 shares of the business's stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $11.89 per share, with a total value of $105,131.38. Following the acquisition, the director now directly owns 385,599 shares of the company's stock, valued at $4,584,772.11. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Arlo Technologies news, Director Ralph E. Faison purchased 8,842 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $11.89 per share, for a total transaction of $105,131.38. Following the purchase, the director now owns 385,599 shares in the company, valued at approximately $4,584,772.11. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $84,750.12. Following the completion of the transaction, the chief financial officer now directly 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 position. The disclosure for this sale can be found here. Insiders own 3.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Roth Mkm increased their price objective on Arlo Technologies from $16.50 to $18.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. BWS Financial restated a "buy" rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday, September 27th.

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.