FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
In a recent transaction, Joycelyn Carter Miller, a director at Arlo Technologies , Inc. (NYSE:ARLO), sold 20,000 shares of the company’s common stock. The shares were sold at a price of $17 each, totaling $340,000. Following this sale, Miller retains ownership of 101,144 shares in the company. The transaction comes as Arlo’s stock trades near its 52-week high of $17.64, having delivered an impressive 50% return year-to-date. According to InvestingPro data, analysts maintain price targets ranging from $15 to $24, with technical indicators suggesting the stock is currently in overbought territory.
The transaction was executed on June 6, 2025, under a Rule 10b5-1 trading plan that Miller adopted on November 27, 2024. This plan allows insiders to set up a predetermined schedule for selling stocks, providing an affirmative defense against accusations of insider trading. Want deeper insights into Arlo’s financial health and valuation? InvestingPro offers exclusive access to 14 additional ProTips and comprehensive analysis in our Pro Research Report.
In other recent news, Arlo Technologies reported its Q1 2025 financial results, exceeding earnings expectations with an EPS of $0.15 compared to the forecasted $0.10. The company’s revenue for the quarter reached $119 million, slightly above the projected amount, while the revenue from subscriptions and services saw a 21% year-over-year increase. Arlo Technologies has also achieved a significant milestone by surpassing $300 million in annual recurring revenue, attributed to its successful subscription services and AI-driven security solutions. The company now boasts over 11 million registered households and more than 5 million paid subscribers. Looking ahead, Arlo projects Q2 2025 revenue between $119 million and $129 million, with non-GAAP EPS guidance ranging from $0.11 to $0.17. The company plans a major product launch for the 2025 holiday season, aiming to expand its technology differentiation and reduce costs. Despite positive earnings, the company’s stock experienced a slight decline in aftermarket trading, potentially reflecting investor concerns about macroeconomic conditions.
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