NETGEAR (NTGR) to Release Earnings on Wednesday

NETGEAR (NASDAQ:NTGR - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Wednesday, April 30th. Analysts expect NETGEAR to post earnings of ($0.35) per share and revenue of $152.24 million for the quarter. NETGEAR has set its Q1 2025 guidance at EPS.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. 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 opened at $21.96 on Wednesday. The stock has a 50-day simple moving average of $23.99 and a 200-day simple moving average of $24.75. The company has a market capitalization of $633.96 million, a P/E ratio of 54.90 and a beta of 1.03. NETGEAR has a fifty-two week low of $10.48 and a fifty-two week high of $31.55.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NTGR. Raymond James increased their price target on shares of NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. StockNews.com lowered NETGEAR from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $23.92, for a total value of $92,044.16. Following the completion of the transaction, the chief financial officer now owns 193,032 shares in the company, valued at approximately $4,617,325.44. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles J. Prober sold 10,929 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the sale, the chief executive officer now owns 507,763 shares in the company, valued at $13,526,806.32. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.