Tag Archive for: Estimates

Report Estimates Trillions in Indirect Losses Would Follow Quantum Computer Hack



not just simply as a theoretical challenge to public encryption systems and cyber security as a whole, but also one that needed to be quantified.” The final results of the analysis suggest that a hack …

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FY2022 EPS Estimates for Arlo Technologies, Inc. Analyst cut (NYSE:ARLO)


In a note to investors distributed on Tuesday, January 3, equity research analysts from BWS Financial updated their forecasts for Arlo Technologies’ earnings per share in FY2022. The company’s ticker symbol is ARLO on the NYSETuesday, January 3; equity research analysts from BWS Financial updated their forecasts for Arlo Technologies’ earnings per share in FY2022. The company’s ticker symbol is ARLO on the NYSE. The company is projected to earn $0.63 per share in 2018, a decrease from the previous estimate of $0.62 per share that H. Khorsand, an analyst at BWS Financial, provided. A “buy” recommendation has been issued for the shares of BWS Financial, and an $8.00 price target has been established. According to their most recent forecasts, Arlo Technologies anticipates a profit of $0.62 per share for the full year. According to projections made by BWS Financial, Arlo Technologies would earn $0.26 per share during the final quarter of the fiscal year 2022, and the company would earn $0.48 per share during the entire fiscal year 2023.

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The price of ARLO stock on the NYSE was $3.59 when trading started on Friday. At the moment, the price of the company is trading $3.82 lower than its 50-day moving average and $5.22 higher than its 200-day moving average. The lowest price that Arlo Technologies reached in its preceding 52 weeks was $2.93, and its highest price in that span was $11.79. The company’s market capitalization is currently sitting at $317.61 million, its price-to-earnings ratio is -7.64, and its beta is 1.55.
In a research report published on November 9, Raymond James lowered their price objective on Arlo Technologies from $15.00 to $11.00 and rated the company as “outperforming.”
On the other hand, Chief Executive Officer Matthew Blake Mcrae bought 20,400 shares of the company’s stock on November 9. This was reported in another piece of news. The price that was paid for each share, on average, was $2.97, which resulted in the total amount spent on the acquisition of the shares being $60,588.00. The completion of the transaction has resulted in the Chief Executive Officer acquiring ownership of 1,724,039 shares. According to the market, the current value…

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AKAM Stock Falls As Computer Security Misses, Guidance Below Estimates


Shares in Akamai Technologies (AKAM) fell as third quarter guidance for AKAM stock fell short of expectations.




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For the current September quarter, Akamai said it expects EPS in a range of $1.21 to $1.26 with revenue of $875.5 million at the mid-point of guidance. Analysts had estimated Q3 EPS of $1.30 on revenue of $902 million.

“We think AKAM stock looks challenged given its international exposure and slowing security business,” said Needham analyst Alex Henderson in a report.

The Cambridge, Mass.-based company said June-quarter earnings fell 5% to $1.35 an adjusted share. Akamai revenue climbed 6% to $903 million.

Analysts expected Akamai earnings of $1.31 a share on revenue of $899 million for the period ended June 30. A year earlier, Akamai earned $1.42 a share on sales of $853 million.

Akamai stock was down 2.3% to 92.90 in morning trading on the stock market today. AKAM stock had dropped 18% in 2022 at the Tuesday close.

AKAM Stock: Security Revenue Misses

Meanwhile, the company said Q2 earnings before interest, taxes, depreciation and amortization, or EBITDA, rose 1% to $388 million, versus estimates of $386 million.

Further, the company said security product revenue, including acquisitions, rose 17% to $381 million vs. estimates of $391 million.

Heading into the Akamai earnings report, the stock had a Relative Strength Rating of 47 out of a possible 99, according to IBD Stock Checkup.

Biggest Provider Of CDN Services

Akamai is the biggest provider of content delivery network services that also increase the speed of e-commerce transactions and business software downloads.

In addition, Akamai has expanded into cybersecurity services.

Continuing an acquisition spree, Akamai in February acquired Linode for $900 million. Linode is a cloud computing infrastructure provider for businesses. The deal better positions Akamai versus Cloudflare (NET). Cloudflare stock jumped on its second-quarter earnings report.

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Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial…

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