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Arlo IPO - Investment case Presentation

Research

Publication Date: 20 Sep 2018 - By Robert Prather By Robert Prather
Actionable
Differentiated

IPO & Placements Equity Fundamental Equity USA Technology

Arlo, a spin-off from NETGEAR, is a provider of cloud-based security monitoring services and products such as cameras, doorbells, and lights, which are augmented by software and compatibility with third party internet-of-things products and protocols such as Amazon Alexa and IFTTT.

Strengths & Opportunities

  • Gaining market share
  • Strong brand name and channel partnerships
  • DIY systems with compatibility with broad range of third-party IoT products
  • Well-positioned to benefit from shifting industry trends
  • Improving gross margins and profitability

Risks & Concerns

  • Heavily crowded market with competitors offering a broader set of features and services
  • Amazon launched its own IP camera and seems very serious about that business
  • Arlo's lack of product differentiation
  • Pricing pressure
  • Revenue growth seems to have slowed down significantly in last 2 quarters

ARLO IPO report

Source: VR Fundamental

Pages: 43

Released: 20 Sep 2018

Unlock for 10 credits

The Author

Robert Prather

Equity Analyst

Industrials, Telecom & Media, Consumer, Technology

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London, United Kingdom

info@reachx.co
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