Arlo Technologies (ARLO) Set to Announce Quarterly Earnings on Tuesday – Defense World
Posted by admin on Aug 7th, 2022 
Arlo Technologies (NYSE:ARLO – Get Rating) is scheduled to announce its earnings results after the market closes on Tuesday, August 9th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Arlo Technologies has set its Q2 2022 guidance at -$0.08–$0.03 EPS and its Q2 guidance at ($0.08-0.03) EPS.Investors that wish to register for the company’s conference call can do so using this link.
Arlo Technologies (NYSE:ARLO – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. Arlo Technologies had a negative return on equity of 47.56% and a negative net margin of 11.27%. The company had revenue of $124.80 million during the quarter, compared to analyst estimates of $113.42 million. During the same quarter last year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. On average, analysts expect Arlo Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
ARLO stock opened at $7.42 on Friday. Arlo Technologies has a twelve month low of $5.52 and a twelve month high of $11.79. The firm has a market cap of $644.50 million, a PE ratio of -11.59 and a beta of 1.62. The business has a 50 day moving average of $6.71 and a 200 day moving average of $7.83.
In related news, CFO Gordon Mattingly sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the transaction, the chief financial officer now owns 682,209 shares of the company’s stock, valued at approximately $4,782,285.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Arlo Technologies by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 72,674 shares of the company’s stock worth $644,000 after buying an additional 8,961 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Arlo Technologies by 12.1% in the 1st quarter. Citigroup Inc. now owns 71,401 shares of the company’s stock worth $632,000 after buying an additional 7,695 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Arlo Technologies in the 1st quarter worth $428,000. MetLife Investment Management LLC boosted its stake in shares of Arlo Technologies by 120.3% in the 1st quarter. MetLife Investment Management LLC now owns 45,203 shares of the company’s stock worth $400,000 after buying an additional 24,682 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in shares of Arlo Technologies by 4,868.0% in the 1st quarter. SkyView Investment Advisors LLC now owns 36,465 shares of the company’s stock worth $323,000 after buying an additional 35,731 shares during the last quarter. 69.61% of the stock is currently owned by hedge funds and other institutional investors.
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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. It combines an intelligent cloud infrastructure and mobile app with various smart connected devices. The company offers Arlo essential indoor camera; Arlo Go 2 LTE/Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allows users to monitor their surroundings; and Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile security.
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