In a report released yesterday, Adam Tindle from Raymond James maintained a Buy rating on Arlo Technologies (ARLO), with a price target of $11.00. The company’s shares closed last Thursday at $6.47.
According to TipRanks.com, Tindle is a 3-star analyst with an average return of 5.8% and a 48.6% success rate. Tindle covers the Technology sector, focusing on stocks such as Ping Identity Holding, Insight Enterprises, and Palo Alto Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arlo Technologies with a $10.33 average price target.
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Based on Arlo Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $115 million and GAAP net loss of $15.21 million. In comparison, last year the company earned revenue of $122 million and had a net profit of $19.62 million.
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Arlo Technologies, Inc. is a cloud infrastructure and mobile app with a variety of smart connected devices that transform the way people experience the connected lifestyle. Its cloud-based platform creates a seamless, end-to-end connected lifestyle solution that provides users visibility, insight and a powerful means to help protect and connect with the people and places. The company was founded in January 2018 and is headquartered in San Jose, CA.