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Why Arlo Technologies Stock Just Popped

TheMotleyFool

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Shares of Arlo Technologies (NYSE: ARLO) took off on Wednesday, rising 12.6% through 2:40 p.m. EST a day after reporting an earnings beat for its fiscal fourth quarter of 2020.

Analysts had forecast that the maker of Internet-of-Things (IoT) wireless security cameras, audio and video doorbells, and floodlights would lose $0.18 per share (pro forma) on $111.6 million in sales in Q4. Instead, Arlo reported an $0.08-per-share loss, and sales of $114.8 million.

Both sales and earnings came in toward the high end of the company's previous guidance.

Source Fool.com

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