Why Did Arlo Technologies Plunge 15.98%?

On April 4, 2025, Arlo Technologies experienced a significant drop of 15.98% in pre-market trading, indicating a notable shift in investor sentiment towards the company.

Analysts have recently adjusted their target prices for Arlo Technologies. Craig Hallum increased their target price from $15.00 to $17.00, maintaining a "buy" rating. However, Yahoo Finance reported a lowering of the target price to $10.00, suggesting a more cautious outlook.

Arlo Technologies updated its first-quarter 2025 earnings guidance, providing an EPS range of $0.090 to $0.150. This update reflects the company's financial performance and expectations for the period.

In terms of revenue, Arlo Technologies reported $121.6 million for the fourth quarter of 2024, a 10% year-over-year decrease. This figure met analysts' expectations, but the overall quarter was mixed, indicating challenges in the market.

Arlo Technologies recently unveiled a new Universal Solar Panel, designed to be compatible with a broader range of Arlo cameras and floodlights. This product launch aims to enhance the company's product offerings and appeal to a wider customer base.