Arlo Technologies (ARLO) Set to Announce Earnings on Thursday

Arlo Technologies (NYSE:ARLO) is set to release its 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. Arlo Technologies had a negative return on equity of 22.27% and a negative net margin of 4.49%. The company had revenue of $135.09 million for the quarter, compared to analyst estimates 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 3.7 %

NYSE ARLO opened at $13.44 on Tuesday. The firm’s 50 day moving average is $11.68 and its 200-day moving average is $9.97. The company has a market capitalization of $1.30 billion, a PE ratio of -55.98 and a beta of 1.87. Arlo Technologies has a 12-month low of $6.70 and a 12-month high of $13.73.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and set a $17.00 target price on shares of Arlo Technologies in a report on Wednesday, April 24th.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, General Counsel Brian Busse sold 42,161 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $10.97, for a total value of $462,506.17. Following the transaction, the general counsel now directly owns 661,878 shares of the company’s stock, valued at $7,260,801.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arlo Technologies news, General Counsel Brian Busse sold 42,161 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $10.97, for a total value of $462,506.17. Following the completion of the transaction, the general counsel now owns 661,878 shares in the company, valued at approximately $7,260,801.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurtis Joseph Binder sold 99,038 shares of Arlo Technologies stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $10.93, for a total transaction of $1,082,485.34. Following the completion of the sale, the chief financial officer now directly owns 720,800 shares in the company, valued at approximately $7,878,344. The disclosure for this sale can be found here. Insiders sold a total of 330,386 shares of company stock valued at $3,658,179 in the last quarter. 2.90% of the stock is currently owned by company insiders.

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.