Arlo Technologies (NYSE:ARLO), headquartered in Carlsbad, California, specializes in household audio and video equipment. The company, currently valued at $1.28 billion, has demonstrated solid revenue growth of 10.5% over the last twelve months, though InvestingPro's Fair Value analysis suggests the stock may be trading above its intrinsic value. The company, currently valued at $1.28 billion, has demonstrated solid revenue growth of 10.5% over the last twelve months, though InvestingPro's Fair Value analysis suggests the stock may be trading above its intrinsic value.
Arlo Technologies, headquartered in Carlsbad, California, specializes in household audio and video equipment. The company, currently valued at $1.28 billion, has demonstrated solid revenue growth of 10.5% over the last twelve months, though InvestingPro's Fair Value analysis suggests the stock may be trading above its intrinsic value.
Arlo Technologies, headquartered in Carlsbad, California, specializes in household audio and video equipment.
In other recent news, Arlo Technologies has demonstrated significant growth, as revealed in its Third Quarter 2024 Earnings Call. The company reported a 6% year-over-year revenue increase, totaling $137.7 million, and a record service revenue of $62 million. This growth is largely attributed to a 70% increase in paid subscribers, which now stands at 4.2 million.
Arlo Technologies also announced the development of Arlo Secure 6.0, set to launch in the second half of 2025, and a $50 million share buyback program. Despite a potential decrease in the North American retail market, the company remains bullish due to its strong growth in service business and successful international partnerships, notably with Allstate (NYSE:ALL) and Verisure.
Furthermore, the company is expected to exceed the full-year services revenue guidance of $240 million, as stated in their earnings call. These recent developments underscore Arlo Technologies' commitment to expanding its services and maintaining growth in the face of potential challenges.
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