NEW YORK, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of Arlo Technologies, Inc. (“Arlo” or “the Company”) (NYSE: ARLO) concerning possible violations of federal securities laws.

On or around August 3, 2018, Arlo completed its initial public offering, selling 11,747,250 shares of common stock at $16.00 per share. On November 30, 2018, Arlo announced its “flagship wire-free security camera system” called Arlo Ultra (“Ultra”).  The Company touted a “newly designed rechargeable battery” that would purportedly enable the Ultra product to provide 4K Ultra HD resolution with high dynamic range, color night vision, and advanced image processing. Then, on December 3, 2018, Arlo reported a delay in shipments, citing “a quality issue with the battery from one of its suppliers” that was discovered during the product’s final testing phase. Ultra also lowered its fourth quarter 2018 financial guidance. To obtain additional information, go to:

https://www.zlk.com/pslra-1/arlo-technologies-inc-loss-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:   
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free:  (877) 363-5972
Fax: (212) 363-7171
www.zlk.com