NETGEAR (NASDAQ:NTGR) Announces Earnings Results

NETGEAR (NASDAQ:NTGR) announced its quarterly earnings data on Wednesday. The communications equipment provider reported ($0.24) EPS for the quarter, hitting analysts’ consensus estimates of ($0.24), Zacks reports. NETGEAR had a negative return on equity of 8.06% and a net margin of 2.88%. NETGEAR updated its Q1 2025 guidance to EPS.

NETGEAR Stock Performance

NTGR traded up $0.69 during midday trading on Friday, reaching $29.22. 111,192 shares of the company were exchanged, compared to its average volume of 340,368. The stock has a market capitalization of $840.66 million, a P/E ratio of 45.15 and a beta of 0.83. NETGEAR has a one year low of $10.48 and a one year high of $31.55. The stock’s 50-day simple moving average is $26.83 and its 200 day simple moving average is $21.93.

Insider Activity

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the transaction, the director now directly owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NTGR shares. StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Raymond James raised their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday.

NETGEAR Company Profile

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.