Netgear Announces Stripping of Arl Security Camera Business Plan Independent IP

It is reported that this process is expected to be completed before the end of this year. After the completion of the split, NETGEAR senior vice president Matthew McRae will assume the position of ArloCEO; in addition, after the separation of business, Arlo will also independently carry out IPO and issue less than 20% of common stock.

Arlo's product line includes smart home and commercial security camera products that provide users with high-definition video, two-way audio, live streaming, free cloud recording, and instant alerts.

Not long ago, Arlo also launched the latest camera, the ArloPro2, which uses wireless and rechargeable battery design and has a place in the smart home field such as Amazon and Google.

Lei Feng.com learned that in 2017, NETGEAR's net income was $1.41 billion, an increase of 5.9% from 2016's $1.33 billion. Among them, Arlo's performance is the most eye-catching and has become a major driving force for NETGEAR's performance improvement.

NETGEAR Chairman and CEO PatrickLo commented: “We have been very successful in the past year, and the market demand is bigger than we expected. In particular, Arlo has become a popular brand that consumers love. In the future, we will continue to work hard. Innovate, release some exciting products and provide more services to customers."

For the 2018 revenue target, NETGEAR Chief Financial Officer Christine Gorjanc commented: "We expect net income for the first quarter of 2018 to be between $330 million and $345 million."

Founded in California in January 1996, NETGEAR has long been committed to providing small and medium-sized business users and SOHO users with easy-to-use and powerful integrated network solutions, with offices in 25 countries around the world.