Analysts Offer Predictions for Arlo Technologies Inc’s FY2018 Earnings (ARLO)

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Arlo Technologies Inc (NYSE:ARLO) – Stock analysts at Imperial Capital reduced their FY2018 earnings estimates for Arlo Technologies in a research report issued on Monday, October 29th. Imperial Capital analyst S. Khan now forecasts that the company will post earnings per share of ($0.98) for the year, down from their previous forecast of ($0.36). Imperial Capital has a “Buy” rating and a $39.00 price objective on the stock. Imperial Capital also issued estimates for Arlo Technologies’ Q4 2018 earnings at ($0.41) EPS, Q1 2019 earnings at ($0.32) EPS, Q2 2019 earnings at ($0.12) EPS, Q3 2019 earnings at ($0.15) EPS, Q4 2019 earnings at ($0.20) EPS and FY2019 earnings at ($0.79) EPS.

Other research analysts have also recently issued research reports about the stock. Cowen started coverage on shares of Arlo Technologies in a report on Tuesday, August 28th. They issued an “outperform” rating and a $28.00 target price for the company. Guggenheim started coverage on shares of Arlo Technologies in a report on Tuesday, August 28th. They issued a “neutral” rating and a $26.00 target price for the company. Bank of America started coverage on shares of Arlo Technologies in a report on Tuesday, August 28th. They issued a “neutral” rating and a $24.00 target price for the company. Raymond James started coverage on shares of Arlo Technologies in a report on Tuesday, August 28th. They issued a “market perform” rating for the company. Finally, Deutsche Bank started coverage on shares of Arlo Technologies in a report on Tuesday, August 28th. They issued a “buy” rating and a $28.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Arlo Technologies currently has an average rating of “Buy” and a consensus price target of $29.00.

NYSE ARLO opened at $12.56 on Wednesday. Arlo Technologies has a 52 week low of $11.50 and a 52 week high of $23.77.

In other Arlo Technologies news, insider Brian Busse purchased 2,500 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average price of $16.00 per share, for a total transaction of $40,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Patrick Cs Lo purchased 25,000 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, August 7th. The stock was acquired at an average price of $16.00 per share, with a total value of $400,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 32,500 shares of company stock valued at $520,000.

Arlo Technologies Company Profile

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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Earnings History and Estimates for Arlo Technologies (NYSE:ARLO)

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