NASDAQ:NTGR - NetGear Stock Price, Forecast & News

NetGear's stock was trading at $18.88 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NTGR stock has increased by 11.4% and is now trading at $21.04. View which stocks have been mosted impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetGear in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for NetGear.

NetGear is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for NetGear.

NetGear, Inc. (NASDAQ:NTGR) released its quarterly earnings results on Wednesday, February, 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.29 by $0.05. The communications equipment provider earned $252.97 million during the quarter, compared to analysts' expectations of $245.79 million. NetGear had a return on equity of 4.88% and a net margin of 2.58%. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. View NetGear's earnings history.

NetGear issued an update on its first quarter 2020 After-Hours earnings guidance on Wednesday, February, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $205-220 million, compared to the consensus revenue estimate of $233.84 million.

3 brokers have issued 1-year target prices for NetGear's shares. Their forecasts range from $27.50 to $44.00. On average, they anticipate NetGear's share price to reach $33.17 in the next year. This suggests a possible upside of 57.6% from the stock's current price. View analysts' price targets for NetGear.

Media headlines about NTGR stock have been trending very positive this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. NetGear earned a coverage optimism score of 4.0 on InfoTrie's scale. They also assigned news headlines about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutNetGear.

NetGear saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 2,200,000 shares, a drop of 15.4% from the February 13th total of 2,600,000 shares. Based on an average daily trading volume, of 347,700 shares, the days-to-cover ratio is currently 6.3 days. Currently, 7.8% of the shares of the stock are short sold. View NetGear's Current Options Chain.

Some companies that are related to NetGear include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), Finisar (FNSR), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Harmonic (HLIT), Plantronics (PLT) and ADTRAN (ADTN).

Based on aggregate information from My MarketBeat watchlists, some companies that other NetGear investors own include CA (CA), NVIDIA (NVDA), BlackRock (BLK), Arlo Technologies (ARLO), Micron Technology (MU), Intel (INTC), Chipotle Mexican Grill (CMG), AT&T (T), Verizon Communications (VZ) and Advanced Micro Devices (AMD).

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

NetGear's stock is owned by many different retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (6.67%), Victory Capital Management Inc. (6.61%), FMR LLC (5.14%), Macquarie Group Ltd. (3.86%), Macquarie Group Ltd. (3.86%) and Bank of New York Mellon Corp (3.60%). Company insiders that own NetGear stock include Andrew Wonki Kim, Barbara Vaughn Scherer, David John Henry, Gregory J Rossman, Heidi Cormack, Jef Graham, Michael A Werdann, Michael F Falcon, Murray Bryan, Patrick Cs Lo and Tamesa Rogers. View institutional ownership trends for NetGear.

NTGR stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Rothschild & Co. Asset Management US Inc., Bank of New York Mellon Corp, Nuveen Asset Management LLC, Sei Investments Co., Goldman Sachs Group Inc., Bank of America Corp DE, and Cubist Systematic Strategies LLC. Company insiders that have sold NetGear company stock in the last year include Andrew Wonki Kim, Barbara Vaughn Scherer, David John Henry, Gregory J Rossman, Heidi Cormack, Jef Graham, Michael A Werdann, Murray Bryan, Patrick Cs Lo, and Tamesa Rogers. View insider buying and selling activity for NetGear.

NTGR stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Investment Counselors of Maryland LLC, Norges Bank, Jacobs Levy Equity Management Inc., Russell Investments Group Ltd., Barrow Hanley Mewhinney & Strauss LLC, and Kennedy Capital Management Inc.. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of NTGR stock can currently be purchased for approximately $21.04.

NetGear has a market capitalization of $619.71 million and generates $998.76 million in revenue each year. The communications equipment provider earns $25.79 million in net income (profit) each year or $0.81 on an earnings per share basis. NetGear employs 828 workers across the globe. View additional information about NetGear.

The official website for NetGear is http://www.netgear.com/.

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]