Arlo Technologies (ARLO) Stock Sinks As Market Gains: What You Should Know

Arlo Technologies (ARLO) Stock Sinks As Market Gains: What You Should Know
This story originally appeared on Zacks

Arlo Technologies (ARLO) closed the most recent trading day at $10.39, moving -0.95% from the previous trading session. This change lagged the S&P 500’s 0.64% gain on the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.46%.

Arlo Technologies (ARLO) Stock Sinks As Market Gains: What You Should Know – Zacks

Coming into today, shares of the maker of smart connected devices had gained 32.45% in the past month. In that same time, the Computer and Technology sector gained 1.46%, while the S&P 500 gained 4.56%.

Investors will be hoping for strength from Arlo Technologies as it approaches its next earnings release. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $135.59 million, up 18.07% from the year-ago period.

Investors might also notice recent changes to analyst estimates for Arlo Technologies. These revisions typically reflect the latest short-term business trends, which can…

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