NETGEAR (NTGR) Scheduled to Post Quarterly Earnings on Wednesday

NETGEAR (NASDAQ:NTGR - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect NETGEAR to post earnings of ($0.04) per share for the quarter. NETGEAR has set its Q3 2024 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.94) EPS for the quarter, meeting analysts' consensus estimates of ($0.94). NETGEAR had a negative return on equity of 7.52% and a negative net margin of 21.62%. The company had revenue of $143.90 million during the quarter, compared to the consensus estimate of $132.69 million. On average, analysts expect NETGEAR to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

NETGEAR Stock Performance

NETGEAR stock traded down $0.64 during midday trading on Wednesday, reaching $20.33. The company's stock had a trading volume of 194,751 shares, compared to its average volume of 255,814. NETGEAR has a fifty-two week low of $10.40 and a fifty-two week high of $22.62. The stock's 50 day simple moving average is $18.71 and its 200 day simple moving average is $15.87. The firm has a market capitalization of $591.60 million, a PE ratio of -5.28 and a beta of 0.83.

Wall Street Analyst Weigh In

Separately, StockNews.com cut NETGEAR from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,500 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $50,000.00. Following the completion of the transaction, the director now owns 65,318 shares in the company, valued at $1,306,360. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.