NETGEAR, Inc. (NASDAQ:NTGR – Get Rating) SVP Heidi Cormack sold 2,105 shares of the business’s stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $22.52, for a total value of $47,404.60. Following the transaction, the senior vice president now directly owns 61,421 shares in the company, valued at approximately $1,383,200.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NTGR stock opened at $21.71 on Friday. NETGEAR, Inc. has a twelve month low of $20.55 and a twelve month high of $41.96. The stock has a market capitalization of $637.43 million, a price-to-earnings ratio of 13.83 and a beta of 0.74. The stock has a fifty day simple moving average of $24.62 and a two-hundred day simple moving average of $27.53.
NETGEAR (NASDAQ:NTGR – Get Rating) last issued its earnings results on Wednesday, February 2nd. The communications equipment provider reported ($0.03) earnings per share for the quarter. NETGEAR had a return on equity of 6.92% and a net margin of 4.23%. The firm had revenue of $251.19 million during the quarter, compared to analysts’ expectations of $258.83 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. NETGEAR’s quarterly revenue was down 31.6% compared to the same quarter last year. Analysts forecast that NETGEAR, Inc. will post 1.24 EPS for the current fiscal year.
NTGR has been the topic of several research analyst reports. Zacks Investment Research downgraded NETGEAR from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, April 5th. BWS Financial cut their price objective on NETGEAR from $30.00 to $27.00 in a research report on Monday, April 18th. StockNews.com initiated coverage on NETGEAR in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Raymond James cut their price objective on NETGEAR from $34.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, February 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, NETGEAR presently has a consensus rating of “Hold” and an average price target of $28.25.
NETGEAR Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on NETGEAR (NTGR)
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