Arlo and SmartThings enhance home security with AI features

SAN JOSE, Calif. - Arlo Technologies , Inc. (NYSE: NYSE:ARLO), a $1.19 billion market cap company known for its smart home security products, has announced an expanded partnership with Samsung (KS:005930) SmartThings, aiming to elevate home security with advanced AI-powered features. The company’s stock has shown strong momentum, delivering a 23.62% return over the past year. According to InvestingPro analysis, Arlo holds more cash than debt on its balance sheet, positioning it well for future growth initiatives. This collaboration is set to bring a suite of new capabilities to the SmartThings ecosystem, expected to roll out in the upcoming spring season.

The integration will incorporate features from Arlo Secure 5 into the SmartThings platform, offering users two-way audio with Arlo cameras and doorbells, event snapshots for better visibility, and AI-driven object detection technology. Arlo’s sophisticated computer vision is designed to identify people, vehicles, and packages, enhancing the customization of notifications and automations for SmartThings users. With revenue growth of 10.49% in the last twelve months, Arlo continues to expand its market presence.

Matthew McRae, CEO of Arlo Technologies, expressed enthusiasm about the update, emphasizing the mutual commitment to innovation and user experience between Arlo and SmartThings. Similarly, Mark Benson, Head of SmartThings US, highlighted the aim to provide an intuitive and secure smart home experience.

Arlo Secure 5 represents the next generation of smart home security, powered by Arlo Intelligence. It utilizes advanced AI and recognition engines to provide more detailed and actionable alerts, enabling quicker and more informed decisions regarding home security.

Arlo Technologies has established itself as a leader in the home security space, offering a range of connected devices and services, including cameras, doorbells, floodlights, and security systems, along with the Arlo Secure subscription service. The company places a strong emphasis on user privacy and data protection, adhering to industry standards and legislation.

The information for this article is based on a press release statement. For further details on Arlo’s smart home security offerings, interested parties can visit the company’s website at www.arlo.com. Analysts maintain a bullish outlook on Arlo’s prospects, with price targets ranging from $15 to $24 per share, and the company is expected to achieve profitability this year. For comprehensive analysis and additional insights, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.

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