NETGEAR (NTGR) Scheduled to Post Earnings on Wednesday

NETGEAR (NASDAQ:NTGR) will issue its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of ($0.94) per share for the quarter. NETGEAR has set its Q2 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, May 1st. The communications equipment provider reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.04). NETGEAR had a negative return on equity of 3.73% and a negative net margin of 15.69%. The firm had revenue of $164.59 million during the quarter, compared to the consensus estimate of $163.86 million. On average, analysts expect NETGEAR to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NETGEAR Trading Down 0.5 %

Shares of NTGR stock opened at $15.92 on Tuesday. NETGEAR has a 12-month low of $10.40 and a 12-month high of $16.33. The stock’s 50-day moving average price is $14.56 and its 200-day moving average price is $14.41. The stock has a market capitalization of $463.27 million, a price-to-earnings ratio of -4.14 and a beta of 0.81.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “neutral” rating and issued a $13.00 price target on shares of NETGEAR in a research report on Thursday, May 2nd.

Insider Buying and Selling at NETGEAR

In related news, CRO Michael A. Werdann sold 9,244 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $12.15, for a total value of $112,314.60. Following the completion of the sale, the executive now owns 79,668 shares in the company, valued at $967,966.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Michael A. Werdann sold 9,244 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $12.15, for a total value of $112,314.60. Following the completion of the transaction, the executive now owns 79,668 shares of the company’s stock, valued at $967,966.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Heidi Cormack sold 4,687 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $13.52, for a total transaction of $63,368.24. Following the completion of the transaction, the chief marketing officer now directly owns 83,611 shares of the company’s stock, valued at approximately $1,130,420.72. The disclosure for this sale can be found here. Insiders sold 24,244 shares of company stock worth $308,028 over the last 90 days. 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.