Arlo Technologies - ARLO Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "buy" ARLO shares.
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4 equities research analysts have issued 12-month price targets for Arlo Technologies' shares. Their ARLO share price forecasts range from $8.00 to $14.00. On average, they expect the company's share price to reach $11.75 in the next year. This suggests a possible upside of 233.8% from the stock's current price.
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Arlo Technologies' stock was trading at $10.49 at the beginning of the year. Since then, ARLO stock has decreased by 66.4% and is now trading at $3.52.
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Arlo Technologies saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 2,780,000 shares, an increase of 13.5% from the October 15th total of 2,450,000 shares. Based on an average trading volume of 586,200 shares, the short-interest ratio is currently 4.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Arlo Technologies, Inc. (NYSE:ARLO) released its quarterly earnings results on Tuesday, November, 9th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. The firm had revenue of $111.15 million for the quarter, compared to the consensus estimate of $105.83 million. Arlo Technologies had a negative net margin of 8.02% and a negative trailing twelve-month return on equity of 38.49%. During the same period in the previous year, the firm earned ($0.22) earnings per share.

Arlo Technologies issued an update on its fourth quarter earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of ($0.13)-($0.06) for the period, compared to the consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $105-$115 million, compared to the consensus revenue estimate of $138.64 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 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.99%), Vanguard Group Inc. (8.01%), Primecap Management Co. CA (5.61%), State Street Corp (3.29%), Rice Hall James & Associates LLC (2.60%) and Bank of New York Mellon Corp (2.45%). 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 $3.52.

Arlo Technologies (NYSE:ARLO) has a market capitalization of $311.42 million and generates $435.14 million in revenue each year. The company earns $-56,030,000.00 in net income (profit) each year or ($0.47) 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.