NETGEAR - NTGR Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NETGEAR in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NTGR shares.
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3 analysts have issued twelve-month target prices for NETGEAR's shares. Their NTGR share price forecasts range from $22.00 to $31.00. On average, they predict the company's stock price to reach $27.67 in the next twelve months. This suggests a possible upside of 27.3% from the stock's current price.
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NETGEAR's stock was trading at $29.21 at the beginning of 2022. Since then, NTGR shares have decreased by 25.6% and is now trading at $21.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our NTGR earnings forecast.

NETGEAR, Inc. (NASDAQ:NTGR) released its quarterly earnings data on Wednesday, July, 27th. The communications equipment provider reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.37) by $0.07. The communications equipment provider earned $223.20 million during the quarter, compared to analysts' expectations of $209.78 million. NETGEAR had a negative net margin of 5.86% and a negative trailing twelve-month return on equity of 8.60%. The company's revenue for the quarter was down 27.7% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share.

NETGEAR declared that its board has authorized a stock buyback program on Wednesday, October 27th 2021, which permits the company to repurchase 3,000,000 shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

NETGEAR issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $240.00 million-$255.00 million, compared to the consensus revenue estimate of $231.75 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."

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 $21.74.

NETGEAR (NASDAQ:NTGR) has a market capitalization of $624.59 million and generates $1.17 billion in revenue each year. The communications equipment provider earns $49.39 million in net income (profit) each year or ($1.97) 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.