Arlo Technologies (ARLO) Dips More Than Broader Markets: What You Should Know

Arlo Technologies (ARLO) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

Arlo Technologies (ARLO) closed at $9.57 in the latest trading session, marking a -1.75% move from the prior day. This change lagged the S&P 500’s 0.14% loss on the day. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 0.01%.

Arlo Technologies (ARLO) Dips More Than Broader Markets: What You Should Know – Zacks

Prior to today’s trading, shares of the maker of smart connected devices had gained 7.86% over the past month. This has outpaced the Computer and Technology sector’s loss of 5.82% and the S&P 500’s loss of 0.13% in that time.

Investors will be hoping for strength from Arlo Technologies as it approaches its next earnings release. In that report, analysts expect Arlo Technologies to post earnings of -$0.03 per share. This would mark year-over-year growth of 62.5%. Our most recent consensus estimate is calling for quarterly revenue of $135.74 million,…

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