Arlo Technologies (NYSE:ARLO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of (0.34-0.28) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.21). The company issued revenue guidance of $115-125 million, compared to the consensus revenue estimate of $158.01 million.
Shares of Arlo Technologies stock traded up $0.07 during trading on Thursday, hitting $3.46. 1,660,768 shares of the stock traded hands, compared to its average volume of 1,323,790. The stock has a market cap of $253.79 million, a P/E ratio of -3.39 and a beta of 0.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 2.04. Arlo Technologies has a twelve month low of $2.71 and a twelve month high of $14.02. The company has a fifty day moving average price of $3.41 and a two-hundred day moving average price of $3.67.
Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.03. The business had revenue of $83.60 million during the quarter, compared to analyst estimates of $77.23 million. Arlo Technologies had a negative return on equity of 45.02% and a negative net margin of 29.90%. The firm’s revenue was down 24.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.29) EPS. On average, equities research analysts expect that Arlo Technologies will post -1.61 EPS for the current fiscal year.
ARLO has been the topic of a number of recent analyst reports. Bank of America reissued an underperform rating and issued a $3.50 price objective (down from $5.00) on shares of Arlo Technologies in a research note on Wednesday, August 7th. Zacks Investment Research downgraded Arlo Technologies from a buy rating to a hold rating in a research note on Tuesday, October 8th.
About Arlo Technologies
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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