NETGEAR (NASDAQ:NTGR - Get Free Report) released its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.24) earnings per share for the quarter, meeting the consensus estimate of ($0.24), Zacks reports. NETGEAR had a negative return on equity of 8.06% and a net margin of 2.88%. NETGEAR updated its Q1 2025 guidance to EPS.
NETGEAR Price Performance
Shares of NTGR stock traded down $0.10 during mid-day trading on Wednesday, hitting $28.15. 633,124 shares of the stock traded hands, compared to its average volume of 326,639. NETGEAR has a 52-week low of $10.48 and a 52-week high of $31.55. The stock's fifty day moving average is $26.66 and its two-hundred day moving average is $21.84. The stock has a market cap of $809.88 million, a P/E ratio of 43.31 and a beta of 0.83.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.
Check Out Our Latest Analysis on NETGEAR
Insider Buying and Selling
In other news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the sale, the director now directly owns 61,135 shares of the company's stock, valued at $1,859,726.70. This represents a 3.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.00% of the stock is owned by company insiders.
About NETGEAR
(
Get Free Report)
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.
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