Arlo Technologies, Inc. (NYSE:ARLO) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ARLO to report 3Q20 loss of $ 0.25 per share.
For the full year, analysts anticipate top line of $ 329.46 million, while looking forward to loss of $ 1.1 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.33 ~ $ -0.24 per share, while revenues are expected in a range of $ 85.00 million ~ $ 95.00 million
Full Year 2020 topline are forecasted in a range of$ 370.00 million ~ $ 400.00 million
Click Here For More Historical Outlooks Of Arlo Technologies, Inc.
Previous Quarter Performance
Arlo Technologies, Inc. unwinded loss for the second quarter of $ 0.31 per share, from the revenue of $ 66.63 million. The consensus estimates are loss of $ 0.41 per share from $ 54.83 million in revenue. The bottom line results beat street analysts by $ 0.1 or 24.39 percent, at the same time, top line results outshined analysts by $ 11.80 million or 21.52 percent.
Stock Performance
Shares of Arlo Technologies, Inc. traded low $ 0.00 or 0.00 percent on Wednesday, reaching $ 4.72 with volume of 478.60 thousand shares. Arlo Technologies, Inc. has traded high as $ 4.81 and has cracked $ 4.55 on the downward trend
The closing price of $ 4.72, representing a 293.33 % increase from the 52 week low of $ 1.20 and a 35.34 % decrease over the 52 week high of $ 7.30.
The company has a market capital of $ 368.81 million and is part of the Technology sector and Software – Infrastructure industry.
Conference Call
Arlo Technologies, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.arlo.com
Arlo Technologies, Inc. provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision.
