We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Arlo Technologies (ARLO) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Arlo Technologies (ARLO - Free Report) closed at $9.53 in the latest trading session, marking a -0.1% move from the prior day. This change lagged the S&P 500's 1.24% gain on the day. Elsewhere, the Dow gained 1.23%, while the tech-heavy Nasdaq added 0.15%.
Coming into today, shares of the maker of smart connected devices had gained 3.02% in the past month. In that same time, the Computer and Technology sector lost 5.9%, while the S&P 500 lost 2.45%.
Arlo Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Arlo Technologies to post earnings of -$0.03 per share. This would mark no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $115.15 million, up 39.47% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.21 per share and revenue of $504.32 million, which would represent changes of -90.91% and +15.9%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Arlo Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 33.18% lower within the past month. Arlo Technologies is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Arlo Technologies (ARLO) Stock Sinks As Market Gains: What You Should Know
Arlo Technologies (ARLO - Free Report) closed at $9.53 in the latest trading session, marking a -0.1% move from the prior day. This change lagged the S&P 500's 1.24% gain on the day. Elsewhere, the Dow gained 1.23%, while the tech-heavy Nasdaq added 0.15%.
Coming into today, shares of the maker of smart connected devices had gained 3.02% in the past month. In that same time, the Computer and Technology sector lost 5.9%, while the S&P 500 lost 2.45%.
Arlo Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Arlo Technologies to post earnings of -$0.03 per share. This would mark no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $115.15 million, up 39.47% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.21 per share and revenue of $504.32 million, which would represent changes of -90.91% and +15.9%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Arlo Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 33.18% lower within the past month. Arlo Technologies is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.