Arlo Technologies (NYSE:ARLO) Updates Q4 Earnings Guidance

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Arlo Technologies (NYSE:ARLO) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of (0.34-0.28) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.21). The company issued revenue guidance of $115-125 million, compared to the consensus revenue estimate of $158.01 million.

Several research analysts have recently weighed in on the company. Bank of America reaffirmed an underperform rating and set a $3.50 target price (down from $5.00) on shares of Arlo Technologies in a research note on Wednesday, August 7th. Zacks Investment Research downgraded Arlo Technologies from a buy rating to a hold rating in a research note on Tuesday, October 8th.

NYSE ARLO traded down $0.62 during mid-day trading on Friday, hitting $2.84. The stock had a trading volume of 2,294,641 shares, compared to its average volume of 1,328,278. The firm’s 50 day moving average is $3.39 and its 200 day moving average is $3.67. Arlo Technologies has a twelve month low of $2.71 and a twelve month high of $13.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.04 and a quick ratio of 1.43. The stock has a market capitalization of $259.02 million, a price-to-earnings ratio of -2.78 and a beta of 0.45.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.32) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.05. Arlo Technologies had a negative return on equity of 45.02% and a negative net margin of 29.90%. The firm had revenue of $106.12 million during the quarter, compared to the consensus estimate of $102.14 million. During the same period in the prior year, the company earned ($0.05) EPS. The firm’s revenue was down 19.1% compared to the same quarter last year. As a group, equities research analysts expect that Arlo Technologies will post -1.61 earnings per share for the current year.

Arlo Technologies Company Profile

Arlo Technologies, Inc provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision.

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Earnings History and Estimates for Arlo Technologies (NYSE:ARLO)

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