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“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
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Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
NASDAQ:NTGR

NETGEAR - NTGR Stock Forecast, Price & News

$25.52
+0.59 (+2.37%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$24.66
$25.54
50-Day Range
$17.57
$26.74
52-Week Range
$17.40
$35.99
Volume
151,685 shs
Average Volume
291,601 shs
Market Capitalization
$733.19 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.67

NETGEAR MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
8.4% Upside
$27.67 Price Target
Short Interest
Bearish
4.95% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.88
Upright™ Environmental Score
News Sentiment
0.61mentions of NETGEAR in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$434,432 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.27) to $0.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.66 out of 5 stars

Computer And Technology Sector

579th out of 665 stocks

Telephone & Telegraph Apparatus Industry

11th out of 13 stocks

NTGR stock logo

About NETGEAR (NASDAQ:NTGR) Stock

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.

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NTGR Stock News Headlines

NETGEAR (NASDAQ:NTGR) Stock Rating Upgraded by BWS Financial
NETGEAR (NASDAQ:NTGR) Shares Gap Up Following Earnings Beat
Netgear® Reports Second Quarter 2022 Results
See More Headlines
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NTGR Company Calendar

Last Earnings
7/27/2022
Today
8/13/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:NTGR
CUSIP
64111Q10
Employees
766
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$27.67
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$49.39 million
Pretax Margin
-5.93%

Debt

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$2.12 per share
Book Value
$21.45 per share

Miscellaneous

Free Float
27,269,000
Market Cap
$733.19 million
Optionable
Optionable
Beta
0.93

Social Links















NTGR Stock - Frequently Asked Questions

Should I buy or sell NETGEAR stock right now?

3 Wall Street 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 analysts is that investors should "buy" NTGR shares.
View NTGR analyst ratings
or view top-rated stocks.

What is NETGEAR's stock price forecast for 2022?

3 Wall Street research analysts have issued 12-month target prices for NETGEAR's stock. Their NTGR share price forecasts range from $22.00 to $31.00. On average, they expect the company's stock price to reach $27.67 in the next year. This suggests a possible upside of 8.4% from the stock's current price.
View analysts price targets for NTGR
or view top-rated stocks among Wall Street analysts.

How have NTGR shares performed in 2022?

NETGEAR's stock was trading at $29.21 on January 1st, 2022. Since then, NTGR shares have decreased by 12.6% and is now trading at $25.52.
View the best growth stocks for 2022 here
.

When is NETGEAR's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our NTGR earnings forecast
.

How were NETGEAR's earnings last quarter?

NETGEAR, Inc. (NASDAQ:NTGR) posted its earnings results on Wednesday, July, 27th. The communications equipment provider reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.05. 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 quarterly revenue was down 27.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share.

How will NETGEAR's stock buyback program work?

NETGEAR declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 27th 2021, which authorizes the company to buyback 3,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

What guidance has NETGEAR issued on next quarter's earnings?

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.

What is Patrick C.S. Lo's approval rating as NETGEAR's CEO?

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.

What other stocks do shareholders of NETGEAR own?

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).

What is NETGEAR's stock symbol?

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

Who are NETGEAR's major shareholders?

NETGEAR's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (10.05%), Allspring Global Investments Holdings LLC (1.35%), Northern Trust Corp (1.28%), Deutsche Bank AG (1.11%), JPMorgan Chase & Co. (0.83%) and Principal Financial Group Inc. (0.62%). 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.
View institutional ownership trends
.

How do I buy shares of NETGEAR?

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.
Compare Top Brokerages Here.

What is NETGEAR's stock price today?

One share of NTGR stock can currently be purchased for approximately $25.52.

How much money does NETGEAR make?

NETGEAR (NASDAQ:NTGR) has a market capitalization of $733.19 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.

How many employees does NETGEAR have?

The company employs 766 workers across the globe.

Does NETGEAR have any subsidiaries?

The following companies are subsidiares of NETGEAR: Avaak, CP Secure, Infrant Technologies, Meural, Placemeter, and SkipJam.
Read More

When was NETGEAR founded?

NETGEAR was founded in 1996.

How can I contact NETGEAR?

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.

This page (NASDAQ:NTGR) was last updated on 8/14/2022 by MarketBeat.com Staff

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