Arlo Technologies (NYSE:ARLO) to Repurchase $50.00 million in Outstanding Shares

Arlo Technologies (NYSE:ARLO) announced that its board has authorized a share repurchase program on Wednesday, March 4th, RTT News reports. The company plans to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Arlo Technologies Trading Down 0.3%

Shares of Arlo Technologies stock traded down $0.05 on Wednesday, reaching $15.04. 1,444,349 shares of the company were exchanged, compared to its average volume of 1,730,870. Arlo Technologies has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 115.70 and a beta of 1.65. The stock has a fifty day moving average price of $13.14 and a 200-day moving average price of $15.27.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $141.30 million during the quarter, compared to analyst estimates of $135.57 million. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.Arlo Technologies’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. On average, equities analysts anticipate that Arlo Technologies will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ARLO shares. Zacks Research lowered Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. BWS Financial restated a “buy” rating and issued a $26.00 price objective on shares of Arlo Technologies in a report on Tuesday, November 11th. Finally, Weiss Ratings cut Arlo Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Arlo Technologies currently has an average rating of “Hold” and a consensus price target of $23.33.

Insider Activity

In other news, CEO Matthew Blake Mcrae sold 95,326 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $12.29, for a total value of $1,171,556.54. Following the completion of the sale, the chief executive officer directly owned 1,011,288 shares of the company’s stock, valued at $12,428,729.52. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurtis Joseph Binder sold 55,043 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $13.69, for a total transaction of $753,538.67. Following the sale, the chief financial officer owned 460,970 shares of the company’s stock, valued at approximately $6,310,679.30. This represents a 10.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 474,480 shares of company stock worth $6,237,347 in the last 90 days. Company insiders own 5.20% of the company’s stock.

Arlo Technologies Company Profile

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.