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Arlo Adopts New Stock Repurchase Program

  • Arlo Technologies' Board of Directors approved a new stock repurchase program for up to $100 million of common stock.
  • The repurchase program is authorized through open market purchases & will continue until December 31, 2028.
  • Management views the authorization as a signal of confidence in the company's undervalued shares & future growth opportunities.
  • Repurchases will follow Rule 10b-18 of the Securities Exchange Act of 1934 & consider prevailing market conditions.
  • Arlo Technologies provides AI-driven smart home security solutions including cameras, doorbells, & the Arlo Secure subscription service.
  • The company emphasizes its commitment to user privacy & data protection standards as a 12-year American business.