USSTOCK.TODAY
Pre-Market
Log in Sign up

Arlo Technologies Announces $100 Million Share Repurchase Program

Nasdaq +1 · ·by G4L

ARLO
ARLO Arlo Technologies Inc
$12.14 -1.62%
View chart & analysis →
  1. 1Arlo Technologies shares rose 4.3% in pre-market trading on Tuesday.
  2. 2The board approved a share repurchase program of up to $100 million through December 31, 2028.
  3. 3CEO Matthew Macready said the approval reflects the board and management's belief that the stock is undervalued relative to the company's long-term value.

So what's the key point?

Arlo Technologies has decided to buy back $100 million worth of its own shares. The company believes its current stock price is lower than its actual value.

Source Nasdaq +1 · View original ↗

Related 3-line summaries

Arlo Technologies beats consensus but falls short of investor expectations Earnings Whispers · 3d agoArlo Technologies Beats Q3 Revenue and Net Income Estimates Associated Press +2 · 3d agoReport Questions Arlo Technologies Subscription Growth and Csquare Profitability The Bear Cave · Oct 25
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news