NETGEAR, Inc. (NASDAQ:NTGR – Get Rating) SVP Heidi Cormack sold 2,105 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 61,421 shares in the company, valued at approximately $1,383,200.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NTGR stock opened at $21.71 on Friday. The stock has a market capitalization of $637.43 million, a price-to-earnings ratio of 13.83 and a beta of 0.74. NETGEAR, Inc. has a twelve month low of $20.55 and a twelve month high of $41.96. 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 quarterly earnings data on Wednesday, February 2nd. The communications equipment provider reported ($0.03) earnings per share for the quarter. The company had revenue of $251.19 million for the quarter, compared to analysts’ expectations of $258.83 million. NETGEAR had a return on equity of 6.92% and a net margin of 4.23%. The company’s revenue for the quarter was down 31.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. 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. BWS Financial cut their price objective on NETGEAR from $30.00 to $27.00 in a research report on Monday, April 18th. 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. StockNews.com began coverage on NETGEAR in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut NETGEAR from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a report on Tuesday, April 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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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