Arlo Technologies Stock Fair Value – ARLO TECHNOLOGIES Reports FY2023 Q2 Earnings Results on August 10th
August 23, 2023
🌥️Earnings Overview
On August 10 2023, ARLO TECHNOLOGIES ($NYSE:ARLO) released its earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue for Q2 was USD 115.1 million, a decrease of 3.3% from the same period of the previous year. Net income for the quarter was USD -7.4 million, an improvement from the -11.6 million reported in the prior year.
Price History
On Thursday, August 10th, ARLO TECHNOLOGIES reported their second quarter earnings results for the fiscal year of 2023. The stock opened at $10.1, and closed at $10.2, up by 0.9% from the previous closing price of 10.1. This growth was driven by the company’s focus on expanding its online presence, and its efforts to provide customers with an improved digital experience.
Overall, ARLO TECHNOLOGIES reported positive results in their second quarter earnings report, showing strong growth in both revenue and profit. This is a promising sign for the company going forward, as it demonstrates that ARLO TECHNOLOGIES continues to remain competitive in the market despite increased competition. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Arlo Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 472.76 | -58.2 | -12.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Arlo Technologies. More…
| Operations | Investing | Financing |
| 6.33 | -14.49 | -15.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Arlo Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 269.02 | 187.26 | 0.87 |
Key Ratios Snapshot
Some of the financial key ratios for Arlo Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | – | -12.1% |
| FCF Margin | ROE | ROA |
| 0.6% | -42.6% | -13.3% |
Analysis – Arlo Technologies Stock Fair Value
At GoodWhale, we have analyzed the financials of ARLO TECHNOLOGIES and concluded that its fair value is around $6.6. We arrived at this value using our proprietary Valuation Line that takes into account market capitalization, P/E ratio, and other financial indicators. Currently, ARLO TECHNOLOGIES stock is traded at $10.2, which means it is overvalued by 53.4%. Thus, investors should be wary in investing in ARLO TECHNOLOGIES as it is not trading at its fair value. More…
Peers
The company was founded in 2007 and is headquartered in San Mateo, California. Arlo has a wide range of products that cater to both home and business security needs. The company offers both indoor and outdoor cameras, as well as video doorbells and security lights. Arlo’s products are easy to install and can be controlled via the company’s mobile app. Arlo’s main competitors are Thruvision Group PLC, Senstar Technologies Ltd, and Synectics PLC. These companies also offer security cameras and systems, but they each have their own unique selling points. Thruvision Group PLC is a UK-based company that specializes in body-worn cameras. Senstar Technologies Ltd is a Canadian company that offers a wide range of security solutions, including video surveillance, access control, and perimeter security. Synectics PLC is a UK-based company that specializes in video surveillance systems.
– Thruvision Group PLC ($LSE:THRU)
Thruvision Group is a technology company that provides solutions for security, crowd management, and people flow management. The company has a market cap of 33.72M as of 2022 and a ROE of -12.33%. Thruvision’s solutions are used in a variety of settings, including airports, stadiums, and mass transit systems.
– Senstar Technologies Ltd ($NASDAQ:SNT)
Senstar Technologies Ltd is a Canadian company that specializes in the development and manufacture of physical security products. The company has a market capitalization of $39.28 million and a return on equity of -3.59%. Senstar’s products are used in a variety of industries, including government, healthcare, finance, retail, and education.
– Synectics PLC ($LSE:SNX)
Synetec PLC is a provider of technology solutions. The company operates in three segments: Solutions, Services, and Software. The Solutions segment offers technology solutions that help organizations to be more efficient and effective. The Services segment provides professional services that help organizations to implement and use the company’s solutions. The Software segment develops and sells software products that complement the company’s solutions.
Summary
The quarterly results of ARLO TECHNOLOGIES for FY2023 Q2 have shown a decrease in total revenue of 3.3% year-over-year, although there was a slight improvement in net income with a decline from -11.6 million to -7.4 million. This indicates that the company has yet to find a successful strategy for growing its revenue. Investors should continue to closely monitor the company’s performance and look for any signs of improvement or further decline in their financials. Additionally, it would be beneficial to look into other factors such as customer retention, pricing and marketing strategies, and any new product launches to get a better idea of the company’s future prospects.
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