NETGEAR (NTGR) to Release Earnings on Wednesday

NETGEAR (NASDAQ:NTGR) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. NETGEAR has set its Q1 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

NETGEAR (NASDAQ:NTGR) last 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. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. The firm had revenue of $188.67 million for the quarter, compared to analyst estimates of $185.14 million. During the same quarter in the previous year, the firm posted ($0.21) EPS. The company’s revenue for the quarter was down 24.3% compared to the same quarter last year. On average, analysts expect NETGEAR to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NETGEAR Price Performance

NTGR stock opened at $14.58 on Wednesday. NETGEAR has a 1 year low of $10.40 and a 1 year high of $17.67. The firm has a 50-day moving average of $14.90 and a 200 day moving average of $13.96. The company has a market cap of $423.84 million, a P/E ratio of -4.11 and a beta of 0.84.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and issued a $30.00 target price on shares of NETGEAR in a research report on Wednesday, April 10th.

Insider Transactions at NETGEAR

In related news, insider Andrew Wonki Kim sold 5,723 shares of NETGEAR stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $14.54, for a total transaction of $83,212.42. Following the completion of the transaction, the insider now directly owns 76,656 shares of the company’s stock, valued at approximately $1,114,578.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Vikram Mehta sold 1,844 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $14.48, for a total transaction of $26,701.12. Following the completion of the transaction, the senior vice president now directly owns 25,569 shares in the company, valued at $370,239.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Wonki Kim sold 5,723 shares of NETGEAR stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $14.54, for a total value of $83,212.42. Following the completion of the transaction, the insider now directly owns 76,656 shares of the company’s stock, valued at approximately $1,114,578.24. The disclosure for this sale can be found here. Insiders have sold 13,456 shares of company stock valued at $195,304 in the last three months. 6.00% of the stock is currently owned by company 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.