In a note to investors distributed on Tuesday, January 3, equity research analysts from BWS Financial updated their forecasts for Arlo Technologies’ earnings per share in FY2022. The company’s ticker symbol is ARLO on the NYSETuesday, January 3; equity research analysts from BWS Financial updated their forecasts for Arlo Technologies’ earnings per share in FY2022. The company’s ticker symbol is ARLO on the NYSE. The company is projected to earn $0.63 per share in 2018, a decrease from the previous estimate of $0.62 per share that H. Khorsand, an analyst at BWS Financial, provided. A “buy” recommendation has been issued for the shares of BWS Financial, and an $8.00 price target has been established. According to their most recent forecasts, Arlo Technologies anticipates a profit of $0.62 per share for the full year. According to projections made by BWS Financial, Arlo Technologies would earn $0.26 per share during the final quarter of the fiscal year 2022, and the company would earn $0.48 per share during the entire fiscal year 2023.
The price of ARLO stock on the NYSE was $3.59 when trading started on Friday. At the moment, the price of the company is trading $3.82 lower than its 50-day moving average and $5.22 higher than its 200-day moving average. The lowest price that Arlo Technologies reached in its preceding 52 weeks was $2.93, and its highest price in that span was $11.79. The company’s market capitalization is currently sitting at $317.61 million, its price-to-earnings ratio is -7.64, and its beta is 1.55.
In a research report published on November 9, Raymond James lowered their price objective on Arlo Technologies from $15.00 to $11.00 and rated the company as “outperforming.”
On the other hand, Chief Executive Officer Matthew Blake Mcrae bought 20,400 shares of the company’s stock on November 9. This was reported in another piece of news. The price that was paid for each share, on average, was $2.97, which resulted in the total amount spent on the acquisition of the shares being $60,588.00. The completion of the transaction has resulted in the Chief Executive Officer acquiring ownership of 1,724,039 shares. According to the market, the current value…