Research Analysts Set Expectations for NETGEAR Q4 Earnings

NETGEAR, Inc. (NASDAQ:NTGR - Free Report) - Equities researchers at Zacks Research dropped their Q4 2024 earnings estimates for NETGEAR in a research note issued on Tuesday, November 19th. Zacks Research analyst V. Doshi now expects that the communications equipment provider will post earnings per share of ($0.45) for the quarter, down from their prior forecast of ($0.41). The consensus estimate for NETGEAR's current full-year earnings is ($1.97) per share. Zacks Research also issued estimates for NETGEAR's Q1 2025 earnings at ($0.48) EPS, Q2 2025 earnings at ($0.48) EPS, Q3 2025 earnings at ($0.38) EPS, Q4 2025 earnings at ($0.48) EPS, FY2025 earnings at ($1.83) EPS, Q1 2026 earnings at ($0.40) EPS, Q2 2026 earnings at ($0.43) EPS, Q3 2026 earnings at ($0.46) EPS and FY2026 earnings at ($1.74) EPS.

Separately, StockNews.com upgraded shares of NETGEAR from a "hold" rating to a "buy" rating in a research note on Friday, November 1st.

NETGEAR Price Performance

Shares of NTGR traded up $0.38 during mid-day trading on Friday, hitting $24.29. 220,004 shares of the company's stock were exchanged, compared to its average volume of 266,367. NETGEAR has a 52 week low of $10.48 and a 52 week high of $25.06. The company has a market cap of $698.82 million, a PE ratio of 36.78 and a beta of 0.83. The company has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $17.11.

Insider Buying and Selling at NETGEAR

In other news, Director Thomas H. Waechter sold 2,500 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. Following the completion of the sale, the director now directly owns 65,318 shares in the company, valued at approximately $1,306,360. This represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in shares of NETGEAR by 10.6% in the 2nd quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider's stock valued at $4,024,000 after purchasing an additional 25,200 shares in the last quarter. Federated Hermes Inc. increased its holdings in NETGEAR by 125.0% in the 2nd quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider's stock worth $1,957,000 after purchasing an additional 71,054 shares in the last quarter. Brandes Investment Partners LP boosted its stake in shares of NETGEAR by 6.8% during the second quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider's stock valued at $59,246,000 after purchasing an additional 247,162 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of NETGEAR by 23.2% during the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider's stock worth $2,848,000 after purchasing an additional 26,756 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in NETGEAR in the 3rd quarter valued at approximately $1,805,000. Institutional investors own 82.97% 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.