Arlo Technologies Stock Price, News & Analysis

Arlo Technologies, Inc. (NYSE: ARLO) unveiled the Arlo Security System, a cutting-edge DIY security solution, at CES 2022. This system features a unique all-in-one multi-sensor capable of eight sensing functions, which outperforms traditional single-sensing devices. Recognized as a CES Innovation Award honoree, it integrates seamlessly with existing Arlo cameras and includes a modular hub with NFC technology, a siren, and an integrated keypad. With its focus on user-friendly security, this system aims to enhance home monitoring for users while addressing common market pain points.

Arlo Technologies (NYSE: ARLO) announces its support for Matter, a new connectivity standard aimed at improving interoperability among smart home devices. This partnership positions Arlo as a leader in the smart home security market, ensuring users can access Arlo features seamlessly across various third-party devices. The engagement with Matter highlights Arlo's commitment to innovation and cross-platform compatibility, aiming to provide intuitive and secure home security solutions. This strategic move reflects Arlo's ongoing dedication to enhancing the smart home experience for users.

Arlo Technologies, Inc. (NYSE: ARLO) will have its CEO, Matthew McRae, and CFO, Gordon Mattingly, present at the Raymond James 2021 Virtual Technology Investors Conference on December 6, 2021, at 11:30 a.m. ET. The presentation will also be available via webcast on Arlo's investor relations website. Arlo is recognized for its innovative security cameras and commitment to user privacy and data protection, focusing on delivering a smart home experience with various connected devices.

Arlo Technologies, Inc. (NYSE: ARLO) announced a significant milestone, surpassing 1 million paid accounts for its AI-powered subscription service. This growth, which nearly doubled since March 2021, showcases the company’s innovation in smart home security and customer-centric solutions. New features, including 24/7 Emergency Response and advanced AI detection, enhance user experience. Arlo Secure plans start at $9.99 per month, offering unlimited device support. The brand’s commitment to security and privacy is reflected in its ongoing product development and customer service enhancements.

Arlo Technologies, Inc. (NYSE: ARLO) announced equity grants to new employees under its 2018 Equity Incentive Plan on November 15, 2021. The Compensation Committee granted restricted stock units (RSUs) covering 1,002,111 shares, aiming to attract new talent. Of these, 935,000 shares will vest annually over five years, contingent on employee service. Arlo is committed to privacy and security, emphasizing control over personal data. The company continues to innovate in smart home security, delivering award-winning products that enhance user experience.

Arlo Technologies (NYSE: ARLO) reported Q3 2021 results exceeding revenue and non-GAAP EPS guidance. Revenue reached $111.1 million, a 0.8% increase year over year, while service revenue soared to $27.0 million, growing 42% year over year. The company announced an Annual Recurring Revenue (ARR) of $80 million, representing a 103% increase. Cash and equivalents totaled $166.1 million, with no debt. Arlo added 182,000 paid accounts in Q3, a 214% increase year over year, and forecasts Q4 revenue between $130 million to $140 million.

Arlo Technologies announces the launch of the Arlo Go 2 LTE/Wi-Fi Security Camera, designed for secure monitoring in areas lacking reliable Wi-Fi. Priced at $249.99, this device offers 4G LTE connectivity, a wire-free design, and 1080p HD video with color night vision. It features two-way audio, a built-in siren, and GPS positioning for theft recovery. Users can utilize a three-month trial of Arlo Secure for enhanced security features. Currently available via Verizon, additional carriers will be added next year.

Arlo Technologies, Inc. (NYSE: ARLO) will hold a conference call on November 9, 2021 at 5:00 p.m. ET to discuss its third quarter 2021 results. The results will be released after the market closes on the same day. Investors can join the call using a toll-free number, and a live webcast will be available on the company's Investor Relations website. Arlo emphasizes a commitment to user privacy and security while providing innovative smart home solutions.