Zacks Research Has Pessimistic View of NETGEAR Q4 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Research analysts at Zacks Research lowered their Q4 2024 earnings per share estimates for NETGEAR in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst V. Doshi now expects that the communications equipment provider will post earnings per share of ($0.45) for the quarter, down from their previous estimate of ($0.41). The consensus estimate for NETGEAR’s current full-year earnings is ($1.97) per share. Zacks Research also issued estimates for NETGEAR’s Q1 2025 earnings at ($0.48) EPS, Q2 2025 earnings at ($0.48) EPS, Q3 2025 earnings at ($0.38) EPS, Q4 2025 earnings at ($0.48) EPS, FY2025 earnings at ($1.83) EPS, Q1 2026 earnings at ($0.40) EPS, Q2 2026 earnings at ($0.43) EPS, Q3 2026 earnings at ($0.46) EPS and FY2026 earnings at ($1.74) EPS.

Separately, StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

NETGEAR Trading Down 0.8 %

Shares of NTGR stock opened at $23.91 on Friday. The company has a market capitalization of $687.89 million, a price-to-earnings ratio of 37.08 and a beta of 0.83. The firm has a 50-day moving average price of $21.48 and a 200 day moving average price of $17.07. NETGEAR has a twelve month low of $10.48 and a twelve month high of $25.06.

Institutional Investors Weigh In On NETGEAR

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brandes Investment Partners LP increased its position in NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock worth $59,246,000 after purchasing an additional 247,162 shares in the last quarter. American Century Companies Inc. increased its holdings in NETGEAR by 137.3% in the 2nd quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider’s stock valued at $5,415,000 after purchasing an additional 204,734 shares in the last quarter. Tenzing Global Management LLC purchased a new position in NETGEAR in the third quarter valued at about $3,510,000. Vanguard Group Inc. lifted its stake in shares of NETGEAR by 4.4% during the first quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock worth $39,642,000 after purchasing an additional 105,994 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of NETGEAR in the third quarter valued at about $1,805,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Thomas H. Waechter sold 2,500 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $50,000.00. Following the completion of the sale, the director now directly owns 65,318 shares of the company’s stock, valued at $1,306,360. The trade was a 3.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is currently owned by company insiders.

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.