|Bid||5.66 x 1000|
|Ask||5.68 x 1000|
|Day's Range||5.56 - 6.22|
|52 Week Range||1.20 - 6.22|
|Beta (5Y Monthly)||1.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 05, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.20|
Investors need to pay close attention to Arlo Technologies (ARLO) stock based on the movements in the options market lately.
Arlo Technologies (ARLO) delivered earnings and revenue surprises of 24.39% and 19.34%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Arlo Technologies Inc. rallied more than 18% in the extended session Wednesday after the maker of security cameras, video doorbells, and other home security electronics reported a narrower second-quarter loss and sales rose above expectations. Arlo said it lost $29 million, or 38 cents a share, in the quarter, compared with a loss of $34 million, or 45 cents a share in the year-ago period. Adjusted for one-time items, Arlo lost 31 cents a share, compared with a loss of 36 cents a share a year ago. Revenue dropped 20% to $67 million, the company said. Analysts polled by FactSet had expected an adjusted loss of 41 cents a share on sales of $55 million. Arlo guided for revenue between $85 million and $95 million for the third quarter, and a GAAP net loss between 41 cents a share to 32 cents a share for the quarter. It said that because of the pandemic it was not providing 2020 guidance. "I believe the second quarter marks an inflection point in our subscription business and expect this momentum to continue," Chief Executive Matthew McRae said in a statement. Shares of Arlo ended the regular trading day down 4.6%.