Arlo Technologies (NYSE:ARLO) Issues Q4 2024 Earnings Guidance

Arlo Technologies (NYSE:ARLO) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.070-0.130 for the period, compared to the consensus EPS estimate of 0.110. The company issued revenue guidance of $116.0 million-$126.0 million, compared to the consensus revenue estimate of $138.9 million. Arlo Technologies also updated its Q4 guidance to $0.07-$0.13 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a research report on Friday. Roth Mkm raised their price target on Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Craig Hallum cut their price target on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday.

Arlo Technologies Stock Performance

Arlo Technologies stock traded down $0.24 during mid-day trading on Friday, hitting $11.92. 4,004,583 shares of the company’s stock traded hands, compared to its average volume of 708,306. The firm has a 50 day moving average price of $11.36 and a 200 day moving average price of $12.70. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.19 billion, a PE ratio of -47.68 and a beta of 1.78. Arlo Technologies has a one year low of $7.77 and a one year high of $17.64.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $127.45 million for the quarter, compared to the consensus estimate of $125.03 million. Arlo Technologies had a negative return on equity of 20.75% and a negative net margin of 4.19%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. On average, equities analysts forecast that Arlo Technologies will post -0.4 EPS for the current year.

Insider Transactions at Arlo Technologies

In other news, Director Ralph E. Faison acquired 8,842 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $11.89 per share, with a total value of $105,131.38. Following the purchase, the director now owns 385,599 shares of the company’s stock, valued at approximately $4,584,772.11. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kurtis Joseph Binder sold 7,098 shares of Arlo Technologies stock in a transaction 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 directly owns 892,595 shares in the company, valued at $10,657,584.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ralph E. Faison bought 8,842 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $11.89 per share, for a total transaction of $105,131.38. Following the completion of the acquisition, the director now directly owns 385,599 shares in the company, valued at approximately $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. Company insiders own 3.80% of the company’s stock.

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.