Arlo Technologies - ARLO Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Arlo Technologies in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ARLO shares.
View ARLO analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12 month target prices for Arlo Technologies' shares. Their ARLO share price forecasts range from $8.00 to $11.00. On average, they expect the company's stock price to reach $9.50 in the next twelve months. This suggests a possible upside of 75.9% from the stock's current price.
View analysts price targets for ARLO or view top-rated stocks among Wall Street analysts.

Arlo Technologies' stock was trading at $3.51 at the beginning of 2023. Since then, ARLO stock has increased by 53.8% and is now trading at $5.40.
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Arlo Technologies saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 1,420,000 shares, a drop of 6.0% from the February 13th total of 1,510,000 shares. Based on an average daily volume of 839,200 shares, the days-to-cover ratio is presently 1.7 days.
View Arlo Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our ARLO earnings forecast.

Arlo Technologies, Inc. (NYSE:ARLO) posted its quarterly earnings results on Tuesday, November, 9th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. The firm earned $111.15 million during the quarter, compared to the consensus estimate of $105.83 million. Arlo Technologies had a negative trailing twelve-month return on equity of 54.43% and a negative net margin of 11.55%. During the same quarter last year, the firm earned ($0.22) earnings per share.

ETFs with the largest weight of Arlo Technologies (NYSE:ARLO) stock in their portfolio include Global X Internet of Things Thematic ETF (SNSR), Invesco S&P SmallCap Information Technology ETF (PSCT).

Arlo Technologies updated its first quarter 2023 earnings guidance on Wednesday, March, 8th. The company provided earnings per share (EPS) guidance of -$0.07--$0.01 for the period, compared to the consensus EPS estimate of -$0.07. The company issued revenue guidance of $100.00 million-$110.00 million, compared to the consensus revenue estimate of $94.71 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 acted 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 shareholders include Rice Hall James & Associates LLC (3.54%), Cannell Capital LLC (3.43%), Pale Fire Capital SE (2.59%), Dimensional Fund Advisors LP (1.95%), Geode Capital Management LLC (1.78%) and Renaissance Technologies LLC (0.99%). Insiders that own company stock include Brian Busse, Gordon Mattingly, Grady Summers, Matthew Blake Mcrae, Miller Joycelyn Carter and Prashant Aggarwal.
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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 $5.40.

Arlo Technologies (NYSE:ARLO) has a market capitalization of $483.84 million and generates $490.41 million in revenue each year. The company earns $-56,630,000.00 in net income (profit) each year or ($0.64) 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.