Arlo Technologies (ARLO) Announces $50M Share Buyback
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Arlo Adopts Stock Repurchase Program
September 24, 2024 6:05 AM EDTCARLSBAD, Calif.--(BUSINESS WIRE)-- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security company, today announced that its Board of Directors has approved the repurchase of up to an aggregate of $50 million of shares of its common stock through open market purchases in a manner deemed to be in the best interests of the company and its stockholders.
Given Arlos improving profitability, increasing cash position, and our belief in the upside potential as we execute our long-range plan, our Board has authorized a share repurchase program of up to $50 million through... More
