Arlo Technologies (ARLO) Expected to Announce Earnings on Thursday

Arlo Technologies (NYSE:ARLO - Get Free Report) is anticipated to release its Q1 2025 earnings data after the market closes on Thursday, May 8th. Analysts expect Arlo Technologies to post earnings of $0.12 per share and revenue of $118.35 million for the quarter.

Arlo Technologies Stock Up 2.7 %

Arlo Technologies stock traded up $0.27 during midday trading on Friday, reaching $10.36. The company's stock had a trading volume of 465,227 shares, compared to its average volume of 904,180. The business has a 50-day simple moving average of $10.19 and a 200-day simple moving average of $11.15. The company has a market cap of $1.07 billion, a P/E ratio of -41.44 and a beta of 1.81. Arlo Technologies has a fifty-two week low of $7.84 and a fifty-two week high of $17.64.

Insider Transactions at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 12,155 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total transaction of $139,782.50. Following the completion of the sale, the chief financial officer now owns 837,906 shares in the company, valued at $9,635,919. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Blake Mcrae sold 25,405 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.90, for a total transaction of $251,509.50. Following the completion of the sale, the chief executive officer now owns 2,580,370 shares of the company's stock, valued at $25,545,663. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 986,973 shares of company stock worth $11,048,127. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ARLO. Craig Hallum increased their price target on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 28th. BWS Financial reiterated a "buy" rating and set a $24.00 price target on shares of Arlo Technologies in a research note on Thursday, April 24th. Finally, Roth Capital set a $22.00 price target on shares of Arlo Technologies in a research report on Friday, February 28th.

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.