NETGEAR (NASDAQ:NTGR – Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of ($0.24) per share and revenue of $167.47 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
NETGEAR Price Performance
Shares of NTGR stock opened at $27.50 on Tuesday. NETGEAR has a 1 year low of $10.48 and a 1 year high of $31.55. The stock’s 50 day simple moving average is $26.54 and its two-hundred day simple moving average is $21.67. The company has a market cap of $791.18 million, a PE ratio of 42.31 and a beta of 0.83.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded NETGEAR from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.
Insider Transactions at NETGEAR
In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the sale, the director now owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.00% of the company’s stock.
About NETGEAR
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.
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