With the new year, a new start for Arlo Technologies(ARLO) as NETGEAR(NTGR) distributed the 84.2% of the company that it still owned to its shareholders on December 31. NETGEAR shareholders received 1.980295 shares of Arlo stock for every share of NETGEAR stock held. Also, concurrent with the transaction, NETGEAR’s founder, Chairman and CEO, Patrick C.S. Lo, resigned from the… Read More »
Five months after it floated 15.8% of Arlo(ARLO) in an IPO, NETGEAR(NTGR) will be spinning off its remaining stake to shareholders. For each share of NETGEAR held on December 17, shareholders will receive 1.980295 shares of Arlo common stock on December 31. The transaction is expected to be tax free to shareholders. Arlo has struggled since its IPO… Read More »
Maybe at Alice’s Restaurant you can get anything you want, but Arlo only makes security cameras. The buisness, which Netgear(NTGR) launched in 2014, had revenue last year of $378 million, compared to $1.03 billion for the rest of the company. This was double Arlo’s 2016 revenue, while the rest of the company is flat. Netgear management, wishing to take… Read More »