NASDAQ:NTGR

NETGEAR (NTGR) Stock Price, News & Analysis

$11.58
+0.09 (+0.78%)
(As of 05/8/2024 ET)
Today's Range
$11.43
$11.69
50-Day Range
$11.49
$15.83
52-Week Range
$10.40
$15.93
Volume
337,522 shs
Average Volume
233,708 shs
Market Capitalization
$336.63 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.00

NETGEAR MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
29.5% Upside
$15.00 Price Target
Short Interest
Healthy
2.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.88
Upright™ Environmental Score
News Sentiment
-0.16mentions of NETGEAR in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$280,918 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.16) to $0.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.23 out of 5 stars

Computer And Technology Sector

130th out of 592 stocks

Telephone & Telegraph Apparatus Industry

3rd out of 9 stocks

NTGR stock logo

About NETGEAR Stock (NASDAQ:NTGR)

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. The NETGEAR for Business segment provides pro AV Solutions; pro routers; enterprise grade cloud managed or standalone access points; general purpose ethernet switches; NETGEAR Insight remote management software; and NETGEAR engage controller. It markets and sells its products through wholesale distributors, traditional and online retailers, direct market resellers, value-added resellers, and broadband service providers, as well as through its direct online store. The company was incorporated in 1996 and is headquartered in San Jose, California.

NTGR Stock Price History

NTGR Stock News Headlines

Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
NETGEAR® Reports First Quarter 2024 Results
Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
NetGear Inc. Q1 Loss Widens
Here's what Wall Street expects from NetGear's earnings report
Roadmap 2024: NETGEAR Business
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Today
5/09/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:NTGR
CUSIP
64111Q10
Employees
635
Year Founded
1996

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$17.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+29.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-104,770,000.00
Pretax Margin
-3.78%

Debt

Sales & Book Value

Annual Sales
$740.84 million
Book Value
$18.09 per share

Miscellaneous

Free Float
27,031,000
Market Cap
$336.63 million
Optionable
Optionable
Beta
0.86

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NTGR Stock Analysis - Frequently Asked Questions

Should I buy or sell NETGEAR stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NETGEAR in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NTGR shares.
View NTGR analyst ratings
or view top-rated stocks.

What is NETGEAR's stock price target for 2024?

2 Wall Street analysts have issued twelve-month target prices for NETGEAR's stock. Their NTGR share price targets range from $13.00 to $17.00. On average, they expect the company's stock price to reach $15.00 in the next year. This suggests a possible upside of 29.5% from the stock's current price.
View analysts price targets for NTGR
or view top-rated stocks among Wall Street analysts.

How have NTGR shares performed in 2024?

NETGEAR's stock was trading at $14.58 at the start of the year. Since then, NTGR stock has decreased by 20.6% and is now trading at $11.58.
View the best growth stocks for 2024 here
.

Are investors shorting NETGEAR?

NETGEAR saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 645,600 shares, a decline of 29.3% from the March 15th total of 913,100 shares. Based on an average trading volume of 221,800 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.4% of the shares of the company are sold short.
View NETGEAR's Short Interest
.

When is NETGEAR's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our NTGR earnings forecast
.

How were NETGEAR's earnings last quarter?

NETGEAR, Inc. (NASDAQ:NTGR) released its earnings results on Wednesday, October, 25th. The communications equipment provider reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.27. The communications equipment provider earned $197.85 million during the quarter, compared to analyst estimates of $183.85 million. NETGEAR had a negative trailing twelve-month return on equity of 3.73% and a negative net margin of 15.69%. The company's quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share.

What guidance has NETGEAR issued on next quarter's earnings?

NETGEAR issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $125.0 million-$140.0 million, compared to the consensus revenue estimate of $175.1 million.

What is Patrick C.S. Lo's approval rating as NETGEAR's CEO?

136 employees have rated NETGEAR Chief Executive Officer Patrick C.S. Lo on Glassdoor.com. Patrick C.S. Lo has an approval rating of 69% among the company's employees.

What other stocks do shareholders of NETGEAR own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NETGEAR investors own include NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Xtrackers California Municipal Bond ETF (CA), Cisco Systems (CSCO), Pfizer (PFE), QUALCOMM (QCOM), AbbVie (ABBV), Intel (INTC) and Tesla (TSLA).

Who are NETGEAR's major shareholders?

NETGEAR's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.57%), Susquehanna Portfolio Strategies LLC (0.45%), BNP Paribas Financial Markets (0.25%), Mirae Asset Global Investments Co. Ltd. (0.23%), GSA Capital Partners LLP (0.12%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Andrew Wonki Kim, David John Henry, Heidi Cormack, Laura Durr, Mark G Merrill, Mark G Merrill, Martin Westhead, Michael A Werdann, Michael A Werdann, Patrick Cs Lo, Sarah Butterfass, Stephane Bancel, Thomas H Waechter and Vikram Mehta.
View institutional ownership trends
.

How do I buy shares of NETGEAR?

Shares of NTGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does NETGEAR have any subsidiaries?
The following companies are subsidiares of NETGEAR: Avaak, CP Secure, Infrant Technologies, Meural, Placemeter, and SkipJam.
Read More
This page (NASDAQ:NTGR) was last updated on 5/9/2024 by MarketBeat.com Staff

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