Arlo Technologies (ARLO) to Report Q4 Earnings: What to Expect

Arlo Stock

Arlo Technologies (ARLO:NYE) is set to release its quarterly earnings report after the market closes on Tuesday, March 7th. According to analysts, the company is expected to post earnings of $0.11 per share for the quarter.

 

Arlo Stock price Performance:

Looking at Arlo stock performance, it opened at $3.82 on Tuesday, with a 50-day moving average of $3.87 and a 200-day moving average of $4.52.

The company’s market cap is currently $337.96 million, with a price-to-earnings ratio of -8.09 and a beta of 1.56. Arlo Technologies’ 52-week low is $2.93, while its 52-week high is $11.79.

 

Hedge Funds & Institutional Holdings:

Several hedge funds have recently bought and sold shares of Arlo Technologies. BlackRock Inc. increased its position in the company by 1.0% during the third quarter, while Vanguard Group Inc. increased its holdings by 13.9% in the same period.

State Street Corp also increased its holdings by 1.6% in the third quarter, and Cannell Capital LLC increased its holdings by 11.3% in the first quarter.

In addition, Geode Capital Management LLC increased its holdings by 7.3% in the fourth quarter. Currently, institutional investors own 72.87% of Arlo stock.

 

Arlo Stock-Analyst Ratings:

In terms of analyst ratings, a number of reports have been issued on Arlo stock.

Raymond James lowered their target price from $14.00 to $11.00 and gave the company an “outperform” rating in a research note published on November 9th.

BWS Financial also lowered their price target from $15.00 to $8.00 and set a “buy” rating on the stock in a research report published on the same day.

 

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. It combines an intelligent cloud infrastructure and mobile app with various smart connected devices.

The company offers its products through retailers, wholesale distributors, broadcast channels, wireless carriers, and security solution providers, as well as through its website. Arlo Technologies, Inc. was incorporated in 2018 and is headquartered in Carlsbad, California.

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