Arlo Technologies (ARLO) Catches Eye: Stock Jumps 6.5%
Arlo Technologies, Inc. ARLO was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.29 to $6.36 in the past one-month time frame.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Arlo Technologies. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Arlo Technologies currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Arlo Technologies, Inc. Price
Investors interested in the Internet – Software industry may consider Avalara, Inc. AVLR, which has a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Click to get this free report
Arlo Technologies, Inc. (ARLO): Free Stock Analysis Report
Avalara, Inc. (AVLR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.