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

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

Arlo Technologies Trading Down 2.0 %

Shares of Arlo Technologies stock traded down $0.24 during trading on Friday, reaching $11.92. 4,004,583 shares of the stock were exchanged, compared to its average volume of 708,306. 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 firm has a market cap of $1.19 billion, a price-to-earnings ratio of -47.68 and a beta of 1.78. Arlo Technologies has a 1 year low of $7.77 and a 1 year high of $17.64. The stock’s fifty day moving average is $11.36 and its 200 day moving average is $12.70.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data 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 business had revenue of $127.45 million during the quarter, compared to analysts’ expectations of $125.03 million. During the same quarter last year, the business posted ($0.08) EPS. The business’s revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts expect that Arlo Technologies will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ARLO. BWS Financial reaffirmed a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Friday. Roth Mkm lifted their target price on shares of Arlo Technologies from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Craig Hallum decreased their price target on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday.

Insider Buying and Selling

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

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.