Financial Analysis: Security Solutions M&As Stable Amid Evolving Economic Backdrop
Despite an unpredictable macroeconomic environment, the sector’s M&A market is anticipated to build this year on sustained growth from 2023.
Despite an unpredictable macroeconomic environment, the sector’s M&A market is anticipated to build this year on sustained growth from 2023.
The security system’s hub is said to be the first-of-its-kind to feature NFC technology so users can arm/disarm the system with a tap of their mobile device.
Among the realignment, CFO Christine Gorjanc is retiring effective June 15, with Gordon Mattingly, senior VP of finance, taking over her role.
Rising demand for consumer security cameras and video doorbells is driving new competition, challenging market leaders Nest and Arlo, Omdia says.
Arlo says its SmartCloud solution extends its platform to partners to help innovate and deploy new opportunities beyond its own camera ecosystem.
Although smart connected camera-maker Arlo beat analyst expectations, revenue and earnings tumbled from the prior-year period.
iOS users can now access certain functions of their Arlo Pro or Pro 2 cameras in the HomeKit ecosystem using the Apple Home app and Siri voice commands.
The company’s stock rose almost 13% in heavy aftermarket trading, fueled by a better-than-expected loss and strong revenue guidance for the current quarter.
The partnership allows Arlo FlexPower camera system users to connect to Eagle Eye Networks’ commercial-grade bridges or Cloud-managed video recorders.
Arlo has pulled its wire-free Arlo Ultra 4K security camera system from sale after receiving numerous complaints about performance from early adopters.