Arlo Technologies Inc is a consumer electronics company that specializes in providing advanced security solutions for homes and businesses
The company is well-known for its innovative line of smart cameras, security systems, and monitoring services that utilize wireless technology and cloud-based platforms. Their products are designed to enhance safety and convenience, allowing users to monitor their properties in real-time through mobile applications. Arlo combines cutting-edge technology with user-friendly features, making it easier for customers to maintain peace of mind regarding their security needs.
Arlo’s stock price has taken a beating over the past six months, shedding 28.4% of its value and falling to $11.83 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at SmartRent (NYSESMRT) and the best and worst performers in the internet of things industry.
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Shares of home security provider Arlo (NYSEARLO) fell 26% in the morning session after the company reported disappointing third-quarter earnings. Its revenue guidance for the next quarter missed expectations, and its EBITDA fell short of Wall Street's estimates.
Home security provider Arlo (NYSEARLO) announced better-than-expected revenue in Q3 CY2024, with sales up 5.9% year on year to $137.7 million. On the other hand, next quarter’s revenue guidance of $121 million was less impressive, coming in 12.9% below analysts’ estimates. Its GAAP loss of $0.04 per share was 45.5% below analysts’ consensus estimates.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the internet of things industry, including PowerFleet (NASDAQPWFL) and its peers.
As of March 18, 2024, four stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
