NETGEAR - NTGR Stock Forecast, Price & News

NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in two segments, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as Wi-Fi routers and home Wi-Fi systems, broadband modems, Wi-Fi gateways, Wi-Fi hotspots, Wi-Fi range extenders, Powerline adapters and bridges, Wi-Fi network adapters, and digital canvasses; and value-added service offerings, including technical support, parental controls, and cybersecurity protection. The company also provides Ethernet switches, Wi-Fi mesh systems and access points, local and remote unified storage products, and Internet security appliances for small and medium-sized businesses, as well as education, hospitality and health markets. It markets and sells its products through traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers, and broadband service providers, as well as through its direct online store at www.netgear.com. in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 1996 and is headquartered in San Jose, California.

NETGEAR Stock Up 2.4 %

NTGR traded up $0.59 during trading on Friday, hitting $25.52. The company had a trading volume of 151,685 shares, compared to its average volume of 291,601. The firm's 50-day moving average price is $20.54 and its 200 day moving average price is $22.48. NETGEAR has a one year low of $17.40 and a one year high of $35.99. The company has a market capitalization of $733.19 million, a PE ratio of -12.95 and a beta of 0.93.

NETGEAR (NASDAQ:NTGR - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The communications equipment provider reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.05. NETGEAR had a negative return on equity of 8.60% and a negative net margin of 5.86%. The business had revenue of $223.20 million during the quarter, compared to the consensus estimate of $209.78 million. During the same period last year, the company earned $0.57 earnings per share. NETGEAR's quarterly revenue was down 27.7% on a year-over-year basis. Sell-side analysts forecast that NETGEAR will post -2.27 earnings per share for the current year.

Analyst Ratings Changes

NTGR has been the topic of several analyst reports. StockNews.com lowered shares of NETGEAR from a "hold" rating to a "sell" rating in a report on Thursday, May 12th. TheStreet downgraded NETGEAR from a "c" rating to a "d+" rating in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft reduced their target price on NETGEAR from $25.00 to $22.00 in a report on Thursday, April 28th. Finally, BWS Financial raised shares of NETGEAR from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $27.67.

Insiders Place Their Bets

In other news, SVP Michael A. Werdann sold 5,454 shares of the business's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $25.58, for a total value of $139,513.32. Following the sale, the senior vice president now owns 49,042 shares of the company's stock, valued at $1,254,494.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Michael A. Werdann sold 5,454 shares of the firm's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $25.58, for a total value of $139,513.32. Following the completion of the transaction, the senior vice president now directly owns 49,042 shares of the company's stock, valued at $1,254,494.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Heidi Cormack sold 4,687 shares of the stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $18.24, for a total transaction of $85,490.88. Following the completion of the sale, the senior vice president now owns 56,734 shares of the company's stock, valued at approximately $1,034,828.16. The disclosure for this sale can be found here. Insiders sold a total of 20,380 shares of company stock valued at $434,432 in the last quarter. 5.10% of the stock is currently owned by insiders.