Arlo Technologies (ARLO) Scheduled to Post Earnings on Thursday

Arlo Technologies (NYSE:ARLO) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Arlo Technologies has set its Q1 guidance at $0.05-$0.11 EPS and its Q1 2024 guidance at 0.050-0.110 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. Arlo Technologies had a negative net margin of 4.49% and a negative return on equity of 22.27%. The business had revenue of $135.09 million during the quarter, compared to the consensus estimate of $135.05 million. 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 Stock Up 3.4 %

NYSE:ARLO opened at $13.90 on Wednesday. Arlo Technologies has a 52 week low of $6.70 and a 52 week high of $13.97. The stock’s 50-day moving average price is $11.76 and its 200-day moving average price is $10.01. The stock has a market capitalization of $1.35 billion, a PE ratio of -57.90 and a beta of 1.87.

Insider Transactions at Arlo Technologies

In other news, General Counsel Brian Busse sold 56,973 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $11.68, for a total transaction of $665,444.64. Following the transaction, the general counsel now directly owns 604,905 shares in the company, valued at approximately $7,065,290.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, General Counsel Brian Busse sold 56,973 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $11.68, for a total value of $665,444.64. Following the transaction, the general counsel now owns 604,905 shares of the company’s stock, valued at approximately $7,065,290.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kurtis Joseph Binder sold 99,038 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $10.93, for a total value of $1,082,485.34. Following the sale, the chief financial officer now directly owns 720,800 shares of the company’s stock, valued at $7,878,344. The disclosure for this sale can be found here. Over the last three months, insiders have sold 330,386 shares of company stock valued at $3,658,179. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and set a $17.00 price objective on shares of Arlo Technologies in a research note on Wednesday, April 24th.

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.