Equities research analysts expect Arlo Technologies Inc (NYSE:ARLO) to announce $90.55 million in sales for the current fiscal quarter, Zacks reports.
Three analysts have made estimates for Arlo Technologies’ earnings, with estimates ranging from $90.00 million to $91.50 million.
Arlo Technologies reported sales of $106.12 million in the same quarter last year, which would suggest a negative year over year growth rate of 14.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 5th.
According to Zacks, analysts expect that Arlo Technologies will report full-year sales of $330.22 million for the current financial year, with estimates ranging from $322.08 million to $341.07 million.
For the next fiscal year, analysts forecast that the business will post sales of $432.15 million, with estimates ranging from $430.00 million to $434.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Arlo Technologies.
Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.16. Arlo Technologies had a negative net margin of 22.06% and a negative return on equity of 44.60%.
Several brokerages have weighed in on ARLO. Deutsche Bank boosted their price objective on Arlo Technologies from $4.00 to $7.00 in a report on Thursday, August 6th. Raymond James upped their price target on Arlo Technologies from $6.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Zacks Investment Research raised Arlo Technologies from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research note on Tuesday, August 11th. Finally, BWS Financial increased their target price on Arlo Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th.
Shares of NYSE ARLO opened at $5.51 on Friday. The firm’s 50-day simple moving average is $3.64 and its 200 day simple moving average is $2.95. The company has a market cap of $468.82 million, a price-to-earnings ratio of -5.30 and a beta of 1.52. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.18. Arlo Technologies has a 12-month low of $1.20 and a 12-month high of $6.58.
Large investors have recently added to or reduced their stakes in the stock. Mackay Shields LLC acquired a new stake in shares of Arlo Technologies during the first quarter valued at about $25,000. ProShare Advisors LLC acquired a new position in shares of Arlo Technologies in the second quarter worth approximately $31,000. Jane Street Group LLC acquired a new position in shares of Arlo Technologies in the first quarter worth approximately $38,000. Magnus Financial Group LLC acquired a new position in shares of Arlo Technologies in the second quarter worth approximately $57,000. Finally, Synovus Financial Corp acquired a new position in shares of Arlo Technologies in the first quarter worth approximately $67,000. 73.09% of the stock is currently owned by institutional investors and hedge funds.
Arlo Technologies Company Profile
Arlo Technologies, Inc provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision.