ARLO Stock Summary and Trading Ideas (Arlo Technologies | NYSE:ARLO)

Arlo Technologies Inc is engaged in the provision of security and video monitoring solutions for homes and businesses. It provides different products and services such as, subscription based services like Arlo Secure, Arlo Total Security, Arlo Safe, and security devices, like smart Wi-Fi and LTE-enabled cameras, video doorbells, floodlight cameras and home security systems. Geographically, the company generates majority of its revenue from the United States and rest from Spain, Ireland and other regions.

Arlo Technologies trades on the NYSE stock market under the symbol ARLO.

As of November 8, 2024, ARLO stock price declined to $11.92 with 3,884,252 million shares trading.

ARLO has a beta of 2.05, meaning it tends to be more sensitive to market movements. ARLO has a correlation of 0.19 to the broad based SPY ETF.

ARLO has a market cap of $1.19 billion. This is considered a Small Cap stock.

Last quarter Arlo Technologies reported $138 million in Revenue and $.11 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.

In the last 3 years, ARLO traded as high as $17.64 and as low as $2.93.

The top ETF exchange traded funds that ARLO belongs to (by Net Assets): IJR, VTI, IWM, VGT, VXF.

ARLO has underperformed the market in the last year with a return of +30.8%, while the SPY ETF gained +38.4%. In the last 3 month period, ARLO fell short of the market, returning -11.7%, while SPY returned +13.1%. However, in the most recent 2 weeks ARLO has outperformed the stock market by returning +9.3%, while SPY returned +3.3%.

ARLO support price is $11.79 and resistance is $12.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARLO shares will trade within this expected range on the day.