Arlo Technologies (NYSE:ARLO) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Arlo Technologies (NYSE:ARLO) announced its earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.15), Zacks reports. Arlo Technologies had a negative net margin of 4.76% and a negative return on equity of 24.14%. Arlo Technologies updated its Q1 2025 guidance to 0.090-0.150 EPS.

Arlo Technologies Stock Performance

Shares of ARLO stock traded up $0.08 during trading hours on Thursday, hitting $11.96. 1,485,177 shares of the company were exchanged, compared to its average volume of 721,936. Arlo Technologies has a one year low of $9.50 and a one year high of $17.64. The business’s 50-day simple moving average is $11.56 and its two-hundred day simple moving average is $11.66. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -47.82 and a beta of 1.77.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 316,644 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.54, for a total value of $3,654,071.76. Following the transaction, the chief executive officer now owns 3,160,988 shares of the company’s stock, valued at $36,477,801.52. This trade represents a 9.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Brian Busse sold 27,588 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.54, for a total transaction of $318,365.52. Following the completion of the transaction, the general counsel now directly owns 611,465 shares in the company, valued at $7,056,306.10. This represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 488,565 shares of company stock valued at $5,629,360. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

ARLO has been the subject of several recent analyst reports. BWS Financial restated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a research note on Friday, November 8th. Craig Hallum lowered their target price on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

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.