NetGear Stock Forecast, Price & News

NetGear's stock was trading at $18.88 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NTGR shares have increased by 57.6% and is now trading at $29.75.
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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, resulting in a consensus recommendation of "Buy."
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NetGear is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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NetGear, Inc. (NASDAQ:NTGR) posted its earnings results on Wednesday, July, 22nd. The communications equipment provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.22 by $0.32. The communications equipment provider had revenue of $280.05 million for the quarter, compared to analysts' expectations of $239.56 million. NetGear had a return on equity of 2.29% and a net margin of 1.35%.
View NetGear's earnings history.

3 brokers have issued 1 year price objectives for NetGear's shares. Their forecasts range from $32.00 to $45.00. On average, they anticipate NetGear's share price to reach $37.33 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
View analysts' price targets for NetGear.

NetGear saw a increase in short interest in August. As of August 14th, there was short interest totaling 2,810,000 shares, an increase of 8.5% from the July 30th total of 2,590,000 shares. Based on an average trading volume of 337,400 shares, the days-to-cover ratio is presently 8.3 days. Approximately 9.8% of the shares of the company are sold short.
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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), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), Ribbon Communications (RBBN), Harmonic (HLIT) and Plantronics (PLT).
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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), AbbVie (ABBV), QUALCOMM (QCOM), Tesla (TSLA) and Exxon Mobil (XOM).

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

NetGear's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.06%), Victory Capital Management Inc. (7.77%), Brandes Investment Partners LP (4.45%), Macquarie Group Ltd. (4.22%), Bank of New York Mellon Corp (3.72%) and Boston Trust Walden Corp (1.92%). 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, Tamesa Rogers and Thomas H Waechter.
View institutional ownership trends for NetGear.

NTGR stock was sold by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Federated Hermes Inc., Vanguard Group Inc., WINTON GROUP Ltd, Charles Schwab Investment Management Inc., AlphaCrest Capital Management LLC, Bank of America Corp DE, and Prudential Financial Inc.. Company insiders that have sold NetGear company stock in the last year include Gregory J Rossman, Heidi Cormack, Michael A Werdann, Michael F Falcon, Patrick Cs Lo, Tamesa Rogers, and Thomas H Waechter.
View insider buying and selling activity for NetGear.

NTGR stock was acquired by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., Grantham Mayo Van Otterloo & Co. LLC, Assenagon Asset Management S.A., Macquarie Group Ltd., Bank of New York Mellon Corp, AQR Capital Management LLC, PDT Partners LLC, and Goldman Sachs Group 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 $29.75.

NetGear has a market capitalization of $889.64 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.

The official website for NetGear is 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]