NETGEAR (NTGR) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NETGEAR in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NTGR shares.
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2 brokers have issued 1 year target prices for NETGEAR's stock. Their NTGR share price forecasts range from $23.00 to $30.00. On average, they predict the company's stock price to reach $26.50 in the next twelve months. This suggests a possible upside of 86.4% from the stock's current price.
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NETGEAR's stock was trading at $18.11 at the beginning of 2023. Since then, NTGR stock has decreased by 21.5% and is now trading at $14.22.
View the best growth stocks for 2023 here.

NETGEAR saw a increase in short interest in May. As of May 15th, there was short interest totaling 736,900 shares, an increase of 36.5% from the April 30th total of 539,800 shares. Based on an average daily volume of 157,400 shares, the days-to-cover ratio is presently 4.7 days. Approximately 2.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our NTGR earnings forecast.

NETGEAR, Inc. (NASDAQ:NTGR) posted its quarterly earnings data on Wednesday, February, 1st. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.05. The communications equipment provider earned $249.10 million during the quarter, compared to analysts' expectations of $243.52 million. NETGEAR had a negative trailing twelve-month return on equity of 3.43% and a negative net margin of 2.38%. The firm's revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share.

ETFs with the largest weight of NETGEAR (NASDAQ:NTGR) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), Invesco Nasdaq Future Gen 200 ETF (QQQS), SPDR S&P Telecom ETF (XTL), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco S&P SmallCap 600 Pure Value ETF (RZV), iShares US Small Cap Value Factor ETF (SVAL), Global X Internet of Things Thematic ETF (SNSR) and Syntax Stratified SmallCap ETF (SSLY).

NETGEAR announced that its board has initiated a share repurchase program on Wednesday, October 27th 2021, which authorizes the company to buyback 3,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

NETGEAR issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $150.00 million-$165.00 million, compared to the consensus revenue estimate of $206.67 million.

136 employees have rated NETGEAR Chief Executive Officer Patrick C.S. Lo on Glassdoor.com. Patrick C.S. Lo has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NETGEAR investors own include NVIDIA (NVDA), Micron Technology (MU), AT&T (T), CA (CA), Cisco Systems (CSCO), Pfizer (PFE), QUALCOMM (QCOM), AbbVie (ABBV), Intel (INTC) and Tesla (TSLA).

NETGEAR trades on the NASDAQ under the ticker symbol "NTGR."

NETGEAR's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.18%), Victory Capital Management Inc. (8.82%), Brandes Investment Partners LP (7.86%), Dimensional Fund Advisors LP (6.13%), State Street Corp (4.30%) and Macquarie Group Ltd. (2.79%). Insiders that own company stock include Andrew Wonki Kim, David John Henry, Gregory J Rossman, Heidi Cormack, Jef Graham, Laura Durr, Mark G Merrill, Mark G Merrill, Martin Westhead, Michael A Werdann, Michael A Werdann, Michael F Falcon, Murray Bryan, Patrick Cs Lo, Sarah Butterfass, Stephane Bancel, Tamesa Rogers, Thomas H Waechter and Vikram Mehta.
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Shares of NTGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NTGR stock can currently be purchased for approximately $14.22.

NETGEAR (NASDAQ:NTGR) has a market capitalization of $413.23 million and generates $932.47 million in revenue each year. The communications equipment provider earns $-68,990,000.00 in net income (profit) each year or ($0.74) on an earnings per share basis.

The company employs 766 workers across the globe.

NETGEAR's mailing address is 350 EAST PLUMERIA DRIVE, SAN JOSE CA, 95134. The official website for the company is www.netgear.com. The communications equipment provider can be reached via phone at (408) 907-8000, via email at investors@netgear.com, or via fax at 408-907-8097.