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Arlo Technologies (ARLO) Outpaces Stock Market Gains: What You Should Know

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Arlo Technologies (ARLO - Free Report) closed the most recent trading day at $7.29, moving +0.83% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.52%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.12%.

Prior to today's trading, shares of the maker of smart connected devices had lost 3.86% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.18% and lagged the S&P 500's loss of 0.76% in that time.

Investors will be hoping for strength from ARLO as it approaches its next earnings release. In that report, analysts expect ARLO to post earnings of -$0.21 per share. This would mark year-over-year growth of 38.24%. Meanwhile, our latest consensus estimate is calling for revenue of $77.28 million, up 18.07% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.54 per share and revenue of $404.14 million, which would represent changes of +34.15% and +13.16%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for ARLO. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 22.58% higher. ARLO is holding a Zacks Rank of #2 (Buy) right now.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 31% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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