NETGEAR (NTGR) Scheduled to Post Earnings on Wednesday

NETGEAR (NASDAQ:NTGR - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. NETGEAR has set its Q1 2024 guidance at EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company had revenue of $188.67 million for the quarter, compared to analyst estimates of $185.14 million. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. The firm's revenue was down 24.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) earnings per share. On average, analysts expect NETGEAR to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NETGEAR Price Performance

NTGR stock traded up $0.16 during midday trading on Wednesday, hitting $14.74. 122,747 shares of the stock traded hands, compared to its average volume of 210,957. The firm has a market cap of $428.49 million, a P/E ratio of -4.15 and a beta of 0.84. The stock's fifty day simple moving average is $14.91 and its 200-day simple moving average is $13.96. NETGEAR has a 1-year low of $10.40 and a 1-year high of $17.22.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a "buy" rating and set a $30.00 price target on shares of NETGEAR in a research report on Wednesday, April 10th.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, SVP Vikram Mehta sold 1,844 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $14.48, for a total transaction of $26,701.12. Following the transaction, the senior vice president now directly owns 25,569 shares of the company's stock, valued at $370,239.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NETGEAR news, insider Andrew Wonki Kim sold 5,889 shares of NETGEAR stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $14.50, for a total transaction of $85,390.50. Following the completion of the sale, the insider now directly owns 88,001 shares in the company, valued at $1,276,014.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vikram Mehta sold 1,844 shares of NETGEAR stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $14.48, for a total transaction of $26,701.12. Following the sale, the senior vice president now owns 25,569 shares of the company's stock, valued at $370,239.12. The disclosure for this sale can be found here. Insiders have sold a total of 13,456 shares of company stock valued at $195,304 over the last ninety days. Corporate insiders own 6.00% of the company's stock.

NETGEAR Company Profile

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.