Arlo Technologies Stock Price, News & Analysis

Arlo Technologies (NYSE: ARLO) has announced a strategic partnership with Origin AI, securing exclusive worldwide rights to market and sell Origin AI's TruShield™ and Allos products. These solutions utilize AI Verified Human Presence™ detection technology through WiFi radio frequency signals to enhance home security monitoring.

The partnership will integrate Origin AI's sensing technologies into Arlo's future offerings, complementing their existing Arlo Intelligence suite. The company also unveiled Arlo Secure 5, their next-generation smart home security system, featuring advanced AI capabilities including Person Recognition, Vehicle Recognition, Custom Detection, and Fire Detection.

The new integrated AI-powered security offering aims to provide enhanced protection by combining Arlo's decade-long expertise in AI and computer vision with Origin's innovative RF-based detection technology, promising improved accuracy and reduced false alarms for home and business security solutions.

Arlo Technologies (NYSE: ARLO) has announced its participation in the Raymond James TMT and Consumer Conference in New York. CEO Matthew McRae will present at the event on Tuesday, December 10, 2024, at 9:20 a.m. ET. The presentation will be accessible via webcast on Arlo's IR website, with interested parties advised to join approximately 10 minutes before the start time. A replay of the webcast will be made available on the company's IR website following the event.

Arlo Technologies (NYSE: ARLO) reported strong Q3 2024 results with total revenue reaching $137.7 million, up 5.9% year over year. The company achieved record service revenue of $61.9 million, growing 21.2% YoY with a GAAP service gross margin of 76.7%. Annual Recurring Revenue (ARR) grew 20.8% to $241.6 million, while paid accounts increased 70.4% to 4.24 million. The company reported a GAAP net loss of $(0.04) per share and non-GAAP net income of $0.11 per share. Free cash flow was robust at $17.4 million with a 12.6% margin. For Q4 2024, Arlo projects revenue between $116-126 million with non-GAAP EPS of $0.07-$0.13.

Allstate and Arlo (NYSE: ARLO) have partnered to launch the Arlo Total Security bundle, a comprehensive home protection package available at a special reduced price. The bundle includes 24/7 professional monitoring, hardware components (Security System Keypad Hub, 5 All-in-One Sensors, 2 Essential 2nd Gen Outdoor cameras), and an Allstate Protection Plan with three-year extended coverage. This collaboration aims to provide affordable and connected protection for homeowners, particularly during the holiday season.

Allstate and Arlo Technologies have partnered to launch the Arlo Total Security bundle, a comprehensive home security package. The exclusive offering includes 24/7 professional monitoring, hardware components (Security System Keypad Hub, 5 All-in-One Sensors, 2 Outdoor cameras), and an Allstate Protection Plan with three-year extended coverage. The bundle is being offered at a special reduced price ahead of the holiday season, targeting homeowners seeking enhanced security during peak package delivery periods.

Arlo Technologies (NYSE: ARLO) has granted equity awards to twelve new non-executive employees under its 2018 Equity Incentive Plan. The grants include 414,086 restricted stock units (RSUs) and 270,000 performance-vesting RSUs (PSUs). Ten employees received RSUs vesting annually over four years, while others received RSUs vesting over five years with varying percentages. The PSUs will vest in two equal installments based on achieving 2-3 million incremental cumulative paid subscribers from end-2023. All grants are contingent on continued employment.

Arlo Technologies (NYSE: ARLO), a leading smart home security company, has announced its upcoming third quarter 2024 results conference call. The call is scheduled for Thursday, November 7, 2024, at 5:00 p.m. ET (2:00 p.m. PT). Arlo will release its Q3 2024 results after market close on the same day.

Investors and analysts can participate in the live audio call using the following details:

• Toll-free dial-in number: (833) 470-1428
• International dial-in number: (404) 975-4839
• Conference ID: 293127

A live webcast of the conference call will be available on Arlo's Investor Relations website. Additionally, a replay of the call will be accessible via the same website.

Arlo Technologies has introduced the Wired Floodlight Camera, a new DIY security solution priced at $149.99. This device builds on Arlo's award-winning wire-free floodlight, offering enhanced outdoor protection with features such as:

- 2K HDR video for sharper details
- 160-degree field of view
- Up to 2000 lumens of brightness
- Articulating lights for flexible coverage
- Color Night Vision
- Two-way audio with noise cancellation
- Motion notifications and object detection
- All-weather protection

The camera connects directly to Wi-Fi and integrates with popular smart home platforms. When paired with an Arlo Secure subscription, users gain access to additional features like cloud storage, personalized alerts, and emergency response services.

Arlo Technologies, Inc. (NYSE: ARLO) has announced Arlo Secure 5, the next generation of smart home security powered by Arlo Intelligence (AI). This new proprietary AI technology introduces industry-first features such as custom detections, vehicle recognition, and person recognition. Arlo Secure 5 aims to provide more personalized control and protection for users.

Key features of Arlo Secure 5 include:

• Person Recognition: Personalized alerts with named faces
• Vehicle Recognition: Alerts labeled with known vehicles
• Custom Detection: Train AI for personalized detections

New Arlo Secure subscription plans for unlimited cameras start at $12.99 a month, offering 30-day cloud storage, personalized security tools, quick action features, advanced object detection, 24/7 emergency response, and professional monitoring services.