Arlo Technologies (NYSE:ARLO) posted its quarterly earnings data on Thursday. The company reported ($0.32) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.05, Briefing.com reports. Arlo Technologies had a negative net margin of 29.90% and a negative return on equity of 45.02%. The company had revenue of $106.12 million during the quarter, compared to the consensus estimate of $102.14 million. During the same quarter in the prior year, the company posted ($0.05) EPS. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. Arlo Technologies updated its Q4 guidance to (0.34-0.28) EPS.
ARLO traded down $0.62 on Friday, reaching $2.84. 2,294,641 shares of the company’s stock were exchanged, compared to its average volume of 1,328,278. The company’s 50 day moving average is $3.39 and its 200-day moving average is $3.67. The company has a market cap of $259.02 million, a price-to-earnings ratio of -2.78 and a beta of 0.45. Arlo Technologies has a twelve month low of $2.71 and a twelve month high of $13.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 2.04.
A number of research firms have recently commented on ARLO. Bank of America reaffirmed an “underperform” rating and set a $3.50 price objective (down previously from $5.00) on shares of Arlo Technologies in a research note on Wednesday, August 7th. Zacks Investment Research downgraded shares of Arlo Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.
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.
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