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Arlo Technologies (ARLO) Gains As Market Dips: What You Should Know
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Arlo Technologies (ARLO - Free Report) closed at $8.86 in the latest trading session, marking a +0.91% move from the prior day. This change outpaced the S&P 500's 1.57% loss on the day. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the maker of smart connected devices had lost 21.54% over the past month, lagging the Computer and Technology sector's gain of 4.23% and the S&P 500's gain of 5.37% in that time.
Arlo Technologies will be looking to display strength as it nears its next earnings release. On that day, Arlo Technologies is projected to report earnings of -$0.03 per share, which would represent 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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.21 per share and revenue of $504.32 million. These totals would mark changes of -90.91% and +15.9%, respectively, from last year.
Any recent changes to analyst estimates for Arlo Technologies should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 33.18% lower. 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 213, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Arlo Technologies (ARLO) Gains As Market Dips: What You Should Know
Arlo Technologies (ARLO - Free Report) closed at $8.86 in the latest trading session, marking a +0.91% move from the prior day. This change outpaced the S&P 500's 1.57% loss on the day. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the maker of smart connected devices had lost 21.54% over the past month, lagging the Computer and Technology sector's gain of 4.23% and the S&P 500's gain of 5.37% in that time.
Arlo Technologies will be looking to display strength as it nears its next earnings release. On that day, Arlo Technologies is projected to report earnings of -$0.03 per share, which would represent 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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.21 per share and revenue of $504.32 million. These totals would mark changes of -90.91% and +15.9%, respectively, from last year.
Any recent changes to analyst estimates for Arlo Technologies should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 33.18% lower. 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 213, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.