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

Arlo Technologies (NYSE:ARLO) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.070-0.130 for the period, compared to the consensus earnings per share 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 Ratings Changes

A number of research analysts recently weighed in on the company. Craig Hallum dropped their price objective on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday. BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a report on Friday. Finally, Roth Mkm upped their price objective on Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd.

Arlo Technologies Price Performance

Shares of ARLO traded down $0.24 during trading hours on Friday, reaching $11.92. 4,004,583 shares of the company traded hands, compared to its average volume of 708,306. The stock has a fifty day simple moving average of $11.36 and a 200 day simple moving average of $12.70. Arlo Technologies has a fifty-two week low of $7.77 and a fifty-two week high of $17.64. The stock has a market capitalization of $1.19 billion, a PE ratio of -47.68 and a beta of 1.78. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 0.16.

Arlo Technologies (NYSE:ARLO) last released its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Arlo Technologies had a negative return on equity of 20.75% and a negative net margin of 4.19%. The firm had revenue of $127.45 million for the quarter, compared to the consensus estimate of $125.03 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts predict that Arlo Technologies will post -0.4 EPS for the current fiscal year.

Insider Transactions at Arlo Technologies

In other news, Director Ralph E. Faison acquired 8,842 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $11.89 per share, for a total transaction of $105,131.38. Following the acquisition, the director now directly owns 385,599 shares in the company, valued at $4,584,772.11. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Ralph E. Faison bought 8,842 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $11.89 per share, for a total transaction of $105,131.38. Following the acquisition, the director now owns 385,599 shares in the company, valued at $4,584,772.11. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kurtis Joseph Binder sold 7,098 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $11.94, for a total value of $84,750.12. Following the sale, the chief financial officer now owns 892,595 shares in the company, valued at approximately $10,657,584.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

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.