Arlo Technologies - ARLO Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arlo Technologies in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARLO shares.
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4 brokerages have issued twelve-month price targets for Arlo Technologies' shares. Their ARLO share price forecasts range from $14.00 to $15.00. On average, they anticipate the company's stock price to reach $14.25 in the next twelve months. This suggests a possible upside of 204.5% from the stock's current price.
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Arlo Technologies' stock was trading at $10.49 at the beginning of 2022. Since then, ARLO stock has decreased by 55.4% and is now trading at $4.68.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Arlo Technologies, Inc. (NYSE:ARLO) announced its quarterly earnings data on Tuesday, August, 9th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.04. The firm had revenue of $118.98 million for the quarter, compared to analysts' expectations of $110.37 million. Arlo Technologies had a negative net margin of 8.44% and a negative trailing twelve-month return on equity of 38.13%. The business's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.28) EPS.

Arlo Technologies updated its third quarter 2022 earnings guidance on Tuesday, September, 13th. The company provided earnings per share guidance of -$0.17--$0.10 for the period, compared to the consensus estimate of -$0.12. The company issued revenue guidance of $125.00 million-$135.00 million, compared to the consensus revenue estimate of $124.39 million.

22 employees have rated Arlo Technologies Chief Executive Officer Matthew McRae on Glassdoor.com. Matthew McRae has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arlo Technologies investors own include Advanced Micro Devices (AMD), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), General Electric (GE), NIO (NIO), Cisco Systems (CSCO) and Target (TGT).

(ARLO) raised $194 million in an initial public offering (IPO) on Friday, August 3rd 2018. The company issued 10,200,000 shares at a price of $18.00-$20.00 per share. BofA Merrill Lynch, Deutsche Bank Securities and Guggenheim Securities served as the underwriters for the IPO and Raymond James, Cowen and Imperial Capital were co-managers.

Arlo Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARLO."

Arlo Technologies' stock is owned by a variety of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (5.82%), State Street Corp (3.29%), Rice Hall James & Associates LLC (2.07%), Divisar Capital Management LLC (1.69%), Royce & Associates LP (1.25%) and Northern Trust Corp (1.11%). Insiders that own company stock include Brian Busse, Gordon Mattingly, Grady Summers, Matthew Blake Mcrae, Miller Joycelyn Carter, Prashant Aggarwal and Ralph E Faison.
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Shares of ARLO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARLO stock can currently be purchased for approximately $4.68.

Arlo Technologies (NYSE:ARLO) has a market capitalization of $410.12 million and generates $435.14 million in revenue each year. The company earns $-56,030,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis.

The company employs 353 workers across the globe.

Arlo Technologies' mailing address is 3030 ORCHARD PARKWAY, SAN JOSE CA, 95134. The official website for the company is www.arlo.com. The company can be reached via phone at (408) 890-3900 or via email at investors@arlo.com.