Shares of NetGear, Inc. (NASDAQ:NTGR) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $72.50.
A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of NetGear from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. ValuEngine downgraded shares of NetGear from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Raymond James set a $80.00 price objective on shares of NetGear and gave the company a “buy” rating in a research report on Wednesday, September 5th. Guggenheim restated a “buy” rating on shares of NetGear in a research report on Tuesday, August 28th. Finally, TheStreet downgraded shares of NetGear from a “b-” rating to a “c+” rating in a research report on Monday, August 13th.
In other NetGear news, SVP Michael A. Werdann sold 10,930 shares of the company’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $70.78, for a total transaction of $773,625.40. Following the completion of the sale, the senior vice president now directly owns 34,727 shares of the company’s stock, valued at $2,457,977.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Patrick Cs Lo sold 13,999 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $63.45, for a total transaction of $888,236.55. Following the sale, the chairman now directly owns 203,279 shares of the company’s stock, valued at $12,898,052.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,302 shares of company stock worth $3,888,407. 5.10% of the stock is owned by insiders.
Shares of NASDAQ NTGR traded up $0.35 during midday trading on Monday, hitting $63.15. The stock had a trading volume of 2,499 shares, compared to its average volume of 250,481. The company has a market cap of $2.01 billion, a PE ratio of 27.22 and a beta of 2.03. NetGear has a 52 week low of $44.20 and a 52 week high of $78.30.
NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Monday, July 23rd. The communications equipment provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. The company had revenue of $366.80 million for the quarter, compared to the consensus estimate of $350.60 million. NetGear had a negative net margin of 0.74% and a positive return on equity of 9.97%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. equities research analysts forecast that NetGear will post 1.36 earnings per share for the current year.
NetGear Company Profile
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.
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