NETGEAR (NTGR) to Release Quarterly Earnings on Wednesday

NETGEAR (NASDAQ:NTGRGet Free Report) will be announcing its earnings results after the market closes on Wednesday, February 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

NETGEAR Stock Down 1.3 %

Shares of NTGR stock opened at $14.63 on Wednesday. The stock has a market cap of $433.17 million, a price-to-earnings ratio of -3.95 and a beta of 0.85. The business’s fifty day moving average is $14.21 and its 200 day moving average is $13.20. NETGEAR has a twelve month low of $10.40 and a twelve month high of $20.85.

Analyst Upgrades and Downgrades

NTGR has been the topic of a number of recent research reports. StockNews.com raised NETGEAR from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Raymond James lowered their target price on NETGEAR from $22.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th.

View Our Latest Stock Report on NTGR

Insider Activity

In related news, insider Martin Westhead sold 5,826 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $12.64, for a total transaction of $73,640.64. Following the completion of the sale, the insider now directly owns 54,845 shares of the company’s stock, valued at approximately $693,240.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Andrew Wonki Kim sold 5,586 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $14.94, for a total value of $83,454.84. Following the completion of the transaction, the senior vice president now owns 99,347 shares of the company’s stock, valued at approximately $1,484,244.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Martin Westhead sold 5,826 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $12.64, for a total value of $73,640.64. Following the completion of the transaction, the insider now directly owns 54,845 shares of the company’s stock, valued at approximately $693,240.80. The disclosure for this sale can be found here. Insiders sold 24,432 shares of company stock valued at $332,928 in the last ninety days. Insiders own 6.00% of the company’s stock.

Institutional Trading of NETGEAR

Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in shares of NETGEAR by 28.8% during the third quarter. American Century Companies Inc. now owns 20,444 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 4,572 shares during the last quarter. Deutsche Bank AG lifted its position in NETGEAR by 20.0% in the third quarter. Deutsche Bank AG now owns 16,092 shares of the communications equipment provider’s stock valued at $203,000 after purchasing an additional 2,679 shares during the period. GTS Securities LLC acquired a new stake in shares of NETGEAR during the 3rd quarter valued at approximately $353,000. AQR Capital Management LLC raised its position in shares of NETGEAR by 68.9% during the 3rd quarter. AQR Capital Management LLC now owns 265,330 shares of the communications equipment provider’s stock worth $3,341,000 after purchasing an additional 108,217 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in NETGEAR in the 3rd quarter valued at $802,000. 81.36% of the stock is currently owned by institutional investors and hedge funds.

About NETGEAR

(Get Free Report)

NETGEAR, Inc engages in the design, development, and marketing of networking and Internet connected products for consumers, businesses, and service providers in the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and Small and Medium Business.

Further Reading

Earnings History for NETGEAR (NASDAQ:NTGR)

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