NETGEAR (NTGR) Stock Price, News & Analysis

Company Overview

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. The NETGEAR for Business segment provides pro AV Solutions; pro routers; enterprise grade cloud managed or standalone access points; general purpose ethernet switches; NETGEAR Insight remote management software; and NETGEAR engage controller. It markets and sells its products through wholesale distributors, traditional and online retailers, direct market resellers, value-added resellers, and broadband service providers, as well as through its direct online store. The company was incorporated in 1996 and is headquartered in San Jose, California.

Key Stats

• Today's Range: $21.20 to $22.24
• 50-Day Range: $14.99 to $21.94
• 52-Week Range: $10.40 to $22.62
• Volume: 343,054 shs
• Average Volume: 257,284 shs
• Market Capitalization: $635.54 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $15.00
• Consensus Rating: Moderate Buy

NETGEAR Stock Analysis - MarketRank™

NETGEAR scored higher than 75% of companies evaluated by MarketBeat, and ranked 238th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

NETGEAR has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

NETGEAR has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for NETGEAR are expected to grow in the coming year, from ($2.11) to ($1.62) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NETGEAR is -4.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of NETGEAR is -4.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

NETGEAR has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.62% of the float of NETGEAR has been sold short.

Short Interest Ratio / Days to Cover

NETGEAR has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NETGEAR has recently decreased by 28.49%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NETGEAR does not currently pay a dividend.

Dividend Growth

NETGEAR does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.8 / 5
• Environmental Score: -0.88

Percentage of Shares Shorted

2.62% of the float of NETGEAR has been sold short.

Short Interest Ratio / Days to Cover

NETGEAR has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NETGEAR has recently decreased by 28.49%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.24

News Sentiment

NETGEAR has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for NETGEAR this week, compared to 3 articles on an average week.

Search Interest

Only 3 people have searched for NTGR on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

MarketBeat Follows

4 people have added NETGEAR to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, NETGEAR insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $50,000.00 in company stock.

Percentage Held by Insiders

Only 7.00% of the stock of NETGEAR is held by insiders.

Percentage Held by Institutions

82.97% of the stock of NETGEAR is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NTGR Stock Analysis - Frequently Asked Questions

How have NTGR shares performed this year?

NETGEAR's stock was trading at $14.58 at the start of the year. Since then, NTGR shares have increased by 49.8% and is now trading at $21.84.
View the best growth stocks for 2024 here.

How were NETGEAR's earnings last quarter?

NETGEAR, Inc. (NASDAQ:NTGR) announced its quarterly earnings results on Wednesday, July, 31st. The communications equipment provider reported ($0.94) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.94). The communications equipment provider earned $143.90 million during the quarter, compared to analysts' expectations of $132.69 million. NETGEAR had a negative net margin of 21.62% and a negative trailing twelve-month return on equity of 7.52%.

Does NETGEAR have any subsidiaries?

NETGEAR subsidiaries include these companies: Meural, Placemeter, Avaak, CP Secure, Infrant Technologies, and SkipJam.

Who are NETGEAR's major shareholders?

Top institutional investors of NETGEAR include Inspire Advisors LLC (0.07%) and Creative Planning (0.04%). Insiders that own company stock include Heidi Cormack, Michael A Werdann, Andrew Wonki Kim, Thomas H Waechter, Martin Westhead, Sarah Butterfass, Vikram Mehta and Mark G Merrill.
View institutional ownership trends.

How do I buy shares of NETGEAR?

Shares of NTGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NETGEAR own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NETGEAR investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Telephone & telegraph apparatus
• Sub-Industry: Communications Equipment
• Current Symbol: NASDAQ:NTGR
• CUSIP: 64111Q10
• CIK: 1122904
• Web: www.netgear.com
• Phone: (408) 907-8000
• Fax: 408-907-8097
• Employees: 622
• Year Founded: 1996

Price Target and Rating

• Average Stock Price Target: $15.00
• High Stock Price Target: $17.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: -31.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.85)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-104,770,000.00
• Net Margins: -21.62%
• Pretax Margin: -8.88%
• Return on Equity: -7.52%
• Return on Assets: -4.72%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.60
• Quick Ratio: 1.85

Sales & Book Value

• Annual Sales: $695.01 million
• Price / Sales: 0.91
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $18.09 per share
• Price / Book: 1.21

Miscellaneous

• Outstanding Shares: 29,100,000
• Free Float: 26,671,000
• Market Cap: $635.54 million
• Optionable: Optionable
• Beta: 0.83