Arlo Technologies (NYSE:ARLO) Stock Rating Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Arlo Technologies (NYSE:ARLO) from a buy rating to a strong-buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently commented on the company. William Blair assumed coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating for the company. Piper Sandler boosted their price target on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings cut Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Arlo Technologies has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Arlo Technologies Stock Up 2.1%

NYSE ARLO opened at $12.41 on Friday. Arlo Technologies has a 12-month low of $11.05 and a 12-month high of $19.94. The company has a market capitalization of $1.35 billion, a PE ratio of 45.95 and a beta of 1.60. The firm’s 50 day moving average is $13.48 and its 200-day moving average is $13.51.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The business had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. As a group, sell-side analysts expect that Arlo Technologies will post 0.12 EPS for the current year.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Binder sold 83,211 shares of Arlo Technologies stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $12.44, for a total transaction of $1,035,144.84. Following the completion of the sale, the chief financial officer directly owned 358,899 shares of the company’s stock, valued at approximately $4,464,703.56. This trade represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 137,837 shares of company stock valued at $1,836,543 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Arlo Technologies

Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC grew its stake in Arlo Technologies by 154.7% during the first quarter. Lazard Asset Management LLC now owns 114,335 shares of the company’s stock worth $1,627,000 after buying an additional 69,440 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of Arlo Technologies by 2.3% in the 1st quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock valued at $52,080,000 after buying an additional 83,276 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Arlo Technologies by 1.9% during the 1st quarter. Wasatch Advisors LP now owns 5,426,267 shares of the company’s stock worth $77,216,000 after acquiring an additional 103,782 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Arlo Technologies by 74.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,615,569 shares of the company’s stock worth $22,990,000 after acquiring an additional 687,129 shares during the period. Finally, Granahan Investment Management LLC lifted its holdings in shares of Arlo Technologies by 245.6% during the 1st quarter. Granahan Investment Management LLC now owns 1,169,490 shares of the company’s stock worth $16,642,000 after acquiring an additional 831,108 shares during the period. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Company Profile

Arlo Technologies, Inc develops connected smart home security products and services. Its portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, baby monitors and related accessories designed for residential and small-business use.

The company combines its hardware with cloud-based software and subscription services, including Arlo Secure. These services provide features such as video storage, activity notifications, person, vehicle and package detection, emergency response options and other monitoring and security capabilities, depending on the product and service plan.

Arlo was established as a standalone company following its separation from Netgear and became an independent publicly traded company in 2018.