Zacks Research Estimates NETGEAR FY2027 Earnings

NETGEAR, Inc. (NASDAQ:NTGR - Free Report) - Equities research analysts at Zacks Research issued their FY2027 earnings estimates for shares of NETGEAR in a research report issued to clients and investors on Tuesday, February 25th. Zacks Research analyst V. Doshi forecasts that the communications equipment provider will earn ($1.05) per share for the year. The consensus estimate for NETGEAR's current full-year earnings is ($1.84) per share.

Separately, Raymond James lifted their target price on shares of NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 6th.

NETGEAR Trading Down 5.4 %

NASDAQ NTGR traded down $1.43 on Thursday, reaching $24.87. 411,627 shares of the company were exchanged, compared to its average volume of 374,069. NETGEAR has a fifty-two week low of $10.48 and a fifty-two week high of $31.55. The business's fifty day moving average price is $27.54 and its 200 day moving average price is $23.41. The stock has a market capitalization of $717.97 million, a P/E ratio of 62.18 and a beta of 0.83.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the sale, the director now owns 61,135 shares in the company, valued at approximately $1,859,726.70. This represents a 3.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles J. Prober sold 10,929 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the transaction, the chief executive officer now directly owns 507,763 shares of the company's stock, valued at approximately $13,526,806.32. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

Institutional Trading of NETGEAR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its position in shares of NETGEAR by 23.2% in the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider's stock worth $2,848,000 after acquiring an additional 26,756 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in NETGEAR by 285.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock valued at $2,221,000 after buying an additional 59,005 shares during the period. Inspire Investing LLC acquired a new position in shares of NETGEAR during the 4th quarter valued at $852,000. Allspring Global Investments Holdings LLC acquired a new stake in NETGEAR in the 4th quarter valued at $1,385,000. Finally, Savant Capital LLC acquired a new position in shares of NETGEAR during the fourth quarter worth $266,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

NETGEAR Company Profile

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.