Zacks Research Weighs in on NETGEAR FY2028 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Stock analysts at Zacks Research issued their FY2028 earnings estimates for NETGEAR in a research note issued to investors on Wednesday, February 25th. Zacks Research analyst Team forecasts that the communications equipment provider will post earnings of ($0.62) per share for the year. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for NETGEAR’s current full-year earnings is ($1.84) per share.

NTGR has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of NETGEAR in a research note on Monday, December 29th. Stifel Nicolaus set a $36.00 price target on NETGEAR in a research note on Thursday, February 5th. Finally, Wall Street Zen raised shares of NETGEAR from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.00.

NETGEAR Stock Up 0.6%

NTGR stock opened at $20.62 on Friday. The company has a market cap of $579.69 million, a price-to-earnings ratio of -33.26 and a beta of 1.15. NETGEAR has a twelve month low of $18.75 and a twelve month high of $36.86. The business has a 50 day moving average price of $22.15 and a two-hundred day moving average price of $26.37.

NETGEAR (NASDAQ:NTGR) last released its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.21. NETGEAR had a negative net margin of 2.56% and a negative return on equity of 2.40%. The business had revenue of $182.47 million during the quarter, compared to the consensus estimate of $177.26 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.

Insider Activity

In related news, insider Pramod Badjate sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $20.97, for a total value of $62,910.00. Following the completion of the transaction, the insider owned 144,586 shares in the company, valued at $3,031,968.42. This trade represents a 2.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NTGR. Johnson Financial Group Inc. acquired a new stake in shares of NETGEAR in the fourth quarter valued at about $25,000. Comerica Bank increased its holdings in shares of NETGEAR by 64.8% during the third quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 429 shares in the last quarter. IFP Advisors Inc raised its holdings in NETGEAR by 161.7% during the fourth quarter. IFP Advisors Inc now owns 2,243 shares of the communications equipment provider’s stock worth $55,000 after buying an additional 1,386 shares during the last quarter. Rexford Capital Inc. acquired a new stake in shares of NETGEAR in the 2nd quarter worth about $58,000. Finally, Jones Financial Companies Lllp raised its stake in shares of NETGEAR by 44.7% in the third quarter. Jones Financial Companies Lllp now owns 2,323 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 718 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

NETGEAR Company Profile

NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.

Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.