Why Arlo Technologies Stock Just Popped 20%
Shares of Arlo Technologies (NYSE: ARLO), an "internet of things" maker of wireless security cameras, audio and video doorbells, and floodlights, is seeing its small-cap stock make big-cap gains today -- up 20.5% in afternoon trading as of 2:10 p.m. EDT.
Why is Arlo up so much? Apparently because of a single press release issued earlier today in which Arlo announced that the U.S. subsidiary of Swedish security-services firm Securitas has agreed to "integrate Arlo SmartCloud into the Securitas USA monitoring platform." Securitas, says Arlo, will also be "adding Arlo cameras for centralized remote guarding of its high volume of assets."
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Source Fool.com
