2024-01-25 02:15:44 ET
Summary
- Arlo, a smart home security company, has faced challenges and its stock performance has been lackluster since its IPO in 2018.
- However, there has been a significant rebound in 2023, with a 1-year return of +130% to-date.
- Despite presence of potential catalysts, such as the introduction of bundled hardware-software subscription plan, I rate ARLO stock neutral given the current macro weakness and elevated P/S level.
Founded in 2011, Arlo Technologies ( ARLO ) rode the wave of smart home security to a high-profile IPO in 2018, but competition and slower market adoption chipped away at its initial hype. While ARLO boasts integrations with smart home systems and a loyal user base, the stock‘s performance has been lackluster, reflecting these challenges. ...
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Arlo Technologies: Staying On The Sidelines For Now