NETGEAR (NTGR) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NETGEAR in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NTGR shares.
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2 Wall Street analysts have issued twelve-month price objectives for NETGEAR's stock. Their NTGR share price targets range from $17.00 to $30.00. On average, they predict the company's stock price to reach $23.50 in the next year. This suggests a possible upside of 64.8% from the stock's current price.
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NETGEAR's stock was trading at $14.58 at the beginning of the year. Since then, NTGR shares have decreased by 2.2% and is now trading at $14.26.
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NETGEAR saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 645,600 shares, a decrease 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 currently 2.9 days. Approximately 2.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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NETGEAR will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

NETGEAR, Inc. (NASDAQ:NTGR) announced its earnings results on Wednesday, February, 7th. The communications equipment provider reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. The communications equipment provider earned $188.67 million during the quarter, compared to the consensus estimate of $185.14 million. NETGEAR had a negative trailing twelve-month return on equity of 2.96% and a negative net margin of 14.14%. The firm's revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.21) EPS.

ETFs with the largest weight of NETGEAR (NASDAQ:NTGR) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN) and SPDR S&P Telecom ETF (XTL).Global X Internet of Things Thematic ETF (SNSR).

NETGEAR issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $155.0 million-$170.0 million, compared to the consensus revenue estimate of $176.8 million.

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.

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).

NETGEAR's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.03%). 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.
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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.
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