NETGEAR (NASDAQ:NTGR – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
NETGEAR Stock Performance
NTGR stock opened at $21.36 on Tuesday. The company’s 50-day simple moving average is $15.94 and its 200 day simple moving average is $14.86. NETGEAR has a 52 week low of $10.40 and a 52 week high of $22.62. The company has a market capitalization of $621.58 million, a PE ratio of -5.55 and a beta of 0.82.
NETGEAR (NASDAQ:NTGR – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported ($0.94) earnings per share for the quarter, hitting the consensus estimate of ($0.94). NETGEAR had a negative net margin of 21.62% and a negative return on equity of 7.52%. The business had revenue of $143.90 million during the quarter, compared to analysts’ expectations of $132.69 million. On average, analysts forecast that NETGEAR will post -2.29 EPS for the current year.
Insider Buying and Selling
Institutional Investors Weigh In On NETGEAR
Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in NETGEAR by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,779 shares of the communications equipment provider’s stock worth $596,000 after purchasing an additional 1,247 shares during the period. Rhumbline Advisers lifted its holdings in shares of NETGEAR by 4.2% in the second quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after acquiring an additional 1,904 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of NETGEAR in the first quarter worth about $30,000. Donald Smith & CO. Inc. lifted its holdings in shares of NETGEAR by 0.7% in the first quarter. Donald Smith & CO. Inc. now owns 294,200 shares of the communications equipment provider’s stock worth $4,640,000 after acquiring an additional 2,008 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of NETGEAR in the fourth quarter worth about $53,000. Institutional investors own 82.97% of the company’s stock.
NETGEAR Company Profile
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.
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