Arlo Technologies (NYSE:ARLO) Initiates Stock Repurchase Plan

Arlo Technologies (NYSE:ARLO) announced that its board has authorized a stock repurchase plan on Wednesday, March 4th, RTT News reports. The company plans to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ARLO shares. Zacks Research cut Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a report on Tuesday, November 11th. Finally, Weiss Ratings cut shares of Arlo Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.33.

Arlo Technologies Trading Down 2.3%

Shares of NYSE ARLO opened at $13.90 on Friday. Arlo Technologies has a 1-year low of $7.84 and a 1-year high of $19.94. The company has a 50-day moving average of $13.14 and a two-hundred day moving average of $15.24. The company has a market cap of $1.49 billion, a PE ratio of 106.93 and a beta of 1.65.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Arlo Technologies had a net margin of 2.82% and a return on equity of 10.76%. The business had revenue of $141.30 million during the quarter, compared to analyst estimates of $135.57 million. During the same quarter last year, the business posted $0.10 earnings per share. Arlo Technologies’s revenue for the quarter was up 16.2% compared to the same quarter last year. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. As a group, equities research analysts forecast that Arlo Technologies will post -0.29 earnings per share for the current year.

Insider Activity

In other news, CEO Matthew Blake Mcrae sold 95,326 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $12.29, for a total value of $1,171,556.54. Following the completion of the transaction, the chief executive officer owned 1,011,288 shares of the company’s stock, valued at $12,428,729.52. The trade was a 8.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurtis Joseph Binder sold 55,043 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $13.69, for a total transaction of $753,538.67. Following the completion of the sale, the chief financial officer owned 460,970 shares of the company’s stock, valued at approximately $6,310,679.30. This represents a 10.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 484,145 shares of company stock valued at $6,383,386 in the last quarter. Company insiders own 5.20% of the company’s stock.

Arlo Technologies Company Profile

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.