NETGEAR (NASDAQ:NTGR – Get Rating) is scheduled to release its earnings data after the market closes on Wednesday, February 1st. Analysts expect NETGEAR to post earnings of ($0.08) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.
NETGEAR (NASDAQ:NTGR – Get Rating) last posted its earnings results on Wednesday, October 26th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.18. The firm had revenue of $249.59 million during the quarter, compared to analysts' expectations of $242.79 million. NETGEAR had a negative return on equity of 9.94% and a negative net margin of 6.84%. On average, analysts expect NETGEAR to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Get NETGEAR alerts:NETGEAR Price Performance
NTGR stock opened at $19.94 on Wednesday. The stock has a market capitalization of $576.25 million, a P/E ratio of -9.15 and a beta of 0.93. The business has a 50-day moving average of $19.39 and a 200-day moving average of $20.97. NETGEAR has a fifty-two week low of $17.40 and a fifty-two week high of $29.24.
Insider Activity at NETGEAR
In related news, insider Martin Westhead sold 2,044 shares of the firm's stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $18.14, for a total transaction of $37,078.16. Following the sale, the insider now owns 42,970 shares of the company's stock, valued at approximately $779,475.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.10% of the stock is currently owned by company insiders.Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NTGR. Tower Research Capital LLC TRC increased its position in NETGEAR by 54.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the communications equipment provider's stock valued at $48,000 after buying an additional 837 shares in the last quarter. Lazard Asset Management LLC acquired a new position in NETGEAR during the 1st quarter valued at about $66,000. Captrust Financial Advisors boosted its stake in NETGEAR by 20.1% during the 1st quarter. Captrust Financial Advisors now owns 3,082 shares of the communications equipment provider's stock valued at $76,000 after purchasing an additional 515 shares during the last quarter. Quantbot Technologies LP acquired a new position in NETGEAR during the 2nd quarter valued at about $113,000. Finally, UBS Group AG boosted its stake in NETGEAR by 269.9% during the 3rd quarter. UBS Group AG now owns 6,551 shares of the communications equipment provider's stock valued at $132,000 after purchasing an additional 4,780 shares during the last quarter. 85.22% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently commented on NTGR. StockNews.com began coverage on NETGEAR in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Raymond James lowered their target price on NETGEAR from $25.00 to $23.00 and set an "outperform" rating on the stock in a research note on Thursday, October 27th.
NETGEAR Company Profile
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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.
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