Arlo Technologies (ARLO) Expected to Announce Earnings on Thursday

Arlo Technologies (NYSE:ARLO) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Arlo Technologies to post earnings of $0.10 per share and revenue of $121.36 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Arlo Technologies Stock Down 1.9 %

Shares of ARLO stock opened at $11.42 on Thursday. The stock has a 50-day simple moving average of $11.65 and a 200 day simple moving average of $11.70. Arlo Technologies has a fifty-two week low of $8.56 and a fifty-two week high of $17.64. The stock has a market capitalization of $1.15 billion, a P/E ratio of -45.68 and a beta of 1.77.

Analyst Ratings Changes

ARLO has been the subject of a number of recent analyst reports. BWS Financial reiterated a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research report on Friday, November 8th. Craig Hallum decreased their price target on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 8th.

Insiders Place Their Bets

In other Arlo Technologies news, General Counsel Brian Busse sold 9,007 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $11.66, for a total transaction of $105,021.62. Following the completion of the sale, the general counsel now directly owns 602,458 shares in the company, valued at approximately $7,024,660.28. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Blake Mcrae sold 46,866 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $11.66, for a total value of $546,457.56. Following the sale, the chief executive officer now owns 3,161,472 shares of the company’s stock, valued at $36,862,763.52. The trade was a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 488,565 shares of company stock worth $5,629,360. 3.80% of the stock is currently owned by company 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.