NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters. The company also provides Ethernet switches, wireless controllers and access points, unified storage products, and Internet security appliances for small and medium-sized businesses. It markets and sells its products through traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers, and broadband service providers in the Americas, Europe, the Middle-East, Africa, and the Asia Pacific. NETGEAR, Inc. was founded in 1996 and is headquartered in San Jose, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:NTGR
Previous Symbol
CUSIP64111Q10
Phone408-907-8000
Debt
Debt-to-Equity RatioN/A
Current Ratio2.40
Quick Ratio1.77
Price-To-Earnings
Trailing P/E Ratio23.62
Forward P/E Ratio182.67
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.41 billion
Price / Sales1.23
Cash Flow$3.2638 per share
Price / Cash16.79
Book Value$29.58 per share
Price / Book1.85
Profitability
EPS (Most Recent Fiscal Year)$2.32
Net Income$19.43 million
Net Margins-1.43%
Return on Equity8.75%
Return on Assets5.34%
Miscellaneous
Employees1,008
Outstanding Shares31,590,000
Market Cap$1.73 billion
OptionableOptionable
NetGear (NASDAQ:NTGR) Frequently Asked Questions
What is NetGear's stock symbol?
NetGear trades on the NASDAQ under the ticker symbol "NTGR."
How will NetGear's stock buyback program work?
NetGear declared that its board has initiated a stock buyback plan on Sunday, June 4th 2017, which authorizes the company to repurchase 3,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.
How were NetGear's earnings last quarter?
NetGear, Inc. (NASDAQ:NTGR) issued its earnings results on Wednesday, April, 25th. The communications equipment provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The communications equipment provider earned $345 million during the quarter, compared to analysts' expectations of $342.58 million. NetGear had a negative net margin of 1.43% and a positive return on equity of 8.75%. The business's revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. View NetGear's Earnings History.
When is NetGear's next earnings date?
What guidance has NetGear issued on next quarter's earnings?
NetGear updated its fourth quarter 2018 earnings guidance on Thursday, October, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $430-445 million, compared to the consensus revenue estimate of $438 million.
What price target have analysts set for NTGR?
4 Wall Street analysts have issued 1-year price targets for NetGear's shares. Their predictions range from $63.00 to $80.00. On average, they anticipate NetGear's share price to reach $71.00 in the next twelve months. This suggests a possible upside of 29.6% from the stock's current price. View Analyst Price Targets for NetGear.
What is the consensus analysts' recommendation for NetGear?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetGear in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for NetGear.
What are Wall Street analysts saying about NetGear stock?
Here are some recent quotes from research analysts about NetGear stock:
- 1. According to Zacks Investment Research, "NETGEAR reported healthy results in third-quarter 2018, driven by the success of Orbi, cable modems and gateways, SMB switches and Arlo business. The company continues to capitalize on technology inflections, create new categories and build recurring service revenues in order to maintain its market leadership position and drive future growth. NETGEAR remains optimistic about the prospect of its Connected Home segment, on the back of strong traction across Orbi, and cable modems and gateways. However, the stock has underperformed the industry in the past three months on an average. NETGEAR’s decision to split into two independent companies involves a fair amount of uncertainty, which may lead to top-line fall going forward. The company’s business is highly seasonal leading to risk of volatility in cash flow and earnings. Cost advantage of NETGEAR's third-party manufacturers in China is likely to erode with higher tariffs." (11/14/2018)
- 2. Guggenheim analysts commented, "We estimate 2018 revenues +8%Y/ Y to $1.53B and +4%Y/Y to $1.07B ex-ARLO, driven by Orbi mesh and WiFi routers, a return to growth in SMB switching and stabilization in Service Provider; with profits rebounding after ARLO and its separate costs fully spin out. ARLO spin-out enables return to profit focus – On Aug 3, NTGR began to spin out ARLO through an IPO of 11.7mil shares at $16 per share, and continues to own 84.2% but with its stated intention being to distribute the remaining ARLO ownership interest to its stockholders sometime after a 145-day lock-up period, as soon as the transaction can be tax-free for US federal income tax purposes." (8/28/2018)
Has NetGear been receiving favorable news coverage?
Media stories about NTGR stock have trended very positive recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. NetGear earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned news stories about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of NetGear's key competitors?
Some companies that are related to NetGear include Ciena (CIEN), Telkom SA Ltd ADS (TLKGY), Plantronics (PLT), Fabrinet (FN), Avaya (AVYA), Infinera (INFN), ADTRAN (ADTN), AudioCodes (AUDC), DASAN Zhone Solutions (DZSI), Clearfield (CLFD), Akoustis Technologies (AKTS), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Communications Systems (JCS) and Franklin Wireless (FKWL).
Who are NetGear's key executives?
NetGear's management team includes the folowing people:
- Mr. C. S. Lo, Co-Founder, Chairman & CEO (Age 61)
- Mr. Michael F. Falcon, Chief Operations Officer (Age 62)
- Mr. Andrew W. Kim, Sr. VP of Corp. Devel., Gen. Counsel & Corp. Sec. (Age 47)
- Mr. Michael A. Werdann, Sr. VP of Worldwide Sales (Age 50)
- Mr. Mark G. Merrill, Co-Founder & CTO (Age 63)
Who are NetGear's major shareholders?
NetGear's stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (15.10%), BlackRock Inc. (14.63%), Dimensional Fund Advisors LP (7.02%), First Trust Advisors LP (4.87%), Bank of New York Mellon Corp (3.82%) and Janus Henderson Group PLC (2.94%). Company insiders that own NetGear stock include Andrew Wonki Kim, Barbara Vaughn Scherer, Christine Marie Gorjanc, David John Henry, Gregory J Rossman, Jef Graham, Mark G Merrill, Michael A Werdann, Michael F Falcon, Miller Joycelyn Carter, Patrick Cs Lo, Patrick J Collins III, Tamesa Rogers and Thomas H Waechter. View Institutional Ownership Trends for NetGear.
Which major investors are selling NetGear stock?
NTGR stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, LSV Asset Management, Dimensional Fund Advisors LP, Acadian Asset Management LLC, Glenmede Trust Co. NA, Eaton Vance Management, Canada Pension Plan Investment Board and Systematic Financial Management LP. Company insiders that have sold NetGear company stock in the last year include Andrew Wonki Kim, Barbara Vaughn Scherer, David John Henry, Mark G Merrill, Michael A Werdann, Michael F Falcon, Patrick Cs Lo, Patrick J Collins III and Tamesa Rogers. View Insider Buying and Selling for NetGear.
Which major investors are buying NetGear stock?
NTGR stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Fort Washington Investment Advisors Inc. OH, Water Island Capital LLC, First Trust Advisors LP, Wells Fargo & Company MN, Laurion Capital Management LP, Renaissance Technologies LLC and BlackRock Inc.. View Insider Buying and Selling for NetGear.
How do I buy shares of NetGear?
Shares of NTGR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is NetGear's stock price today?
One share of NTGR stock can currently be purchased for approximately $54.80.
How big of a company is NetGear?
NetGear has a market capitalization of $1.73 billion and generates $1.41 billion in revenue each year. The communications equipment provider earns $19.43 million in net income (profit) each year or $2.32 on an earnings per share basis. NetGear employs 1,008 workers across the globe.
What is NetGear's official website?
How can I contact NetGear?
NetGear's mailing address is 350 EAST PLUMERIA DRIVE, SAN JOSE CA, 95134. The communications equipment provider can be reached via phone at 408-907-8000 or via email at [email protected]
MarketBeat Community Rating for NetGear (NASDAQ NTGR)
MarketBeat's community ratings are surveys of what our community members think about NetGear and other stocks. Vote "Outperform" if you believe NTGR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NTGR will underperform the S&P 500 over the long term. You may vote once every thirty days.
