Arlo stock tanks after earnings show 'steeper climb ahead' [MarketWatch]
Arlo Technologies, Inc. (ARLO)
Last arlo technologies, inc. earnings: 2/24 04:05 pm
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Source: MarketWatch
Arlo stock tanks after earnings show 'steeper climb ahead' Shares of home-security-camera company Arlo Technologies Inc. ARLO, -25.20% are down 19% in Wednesday trading after the company reported better-than-expected results for its second quarter but delivered a disappointing outlook for the third quarter. As the company maintained its full-year view, Raymond James analyst Adam Tindle wrote that the company's forecast implies a "Q4 climb that mirrors the very successful 2016 Arlo Pro launch from a [quarter-over-quarter] basis, and while two core product launches may help explain this, we hesitate to get more positive until we have a better feel for reception of these products." He sees a "steeper climb ahead" for Arlo as the company must show growth in its services business. "Services revenue actually decreased q/q this quarter," Tindle wrote. He has a market perform rating on the stock, which has plunged 70% so far this year as the S&P 500 SPX, -0.87% has risen 13%.
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ARLO
News
- Arlo Technologies Announces Inducement Awards Under NYSE Rule 303A.08PR Newswire
- Arlo Technologies, Inc. (NYSE: ARLO) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $17.00 price target on the stock.MarketBeat
- Arlo Technologies Schedules First Quarter 2024 Results Conference CallBusiness Wire
- Arlo Technologies Inc CFO Kurtis Binder Sells 117,158 Shares [Yahoo! Finance]Yahoo! Finance
- Arlo Technologies, Inc. (NYSE:ARLO) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ARLO
Earnings
- 2/29/24 - Beat
ARLO
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form DEF
- 4/26/24 - Form ARS
- ARLO's page on the SEC website