NETGEAR (NASDAQ:NTGR) Issues Earnings Results, Meets Estimates

NETGEAR (NASDAQ:NTGR) released its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.24) earnings per share for the quarter, meeting the consensus estimate of ($0.24), Zacks reports. NETGEAR had a negative return on equity of 8.06% and a net margin of 2.88%. NETGEAR updated its Q1 2025 guidance to EPS.

NETGEAR Price Performance

Shares of NTGR stock traded down $0.10 during mid-day trading on Wednesday, hitting $28.15. 633,124 shares of the stock traded hands, compared to its average volume of 326,639. NETGEAR has a 52-week low of $10.48 and a 52-week high of $31.55. The stock’s fifty day moving average is $26.66 and its two-hundred day moving average is $21.84. The stock has a market cap of $809.88 million, a P/E ratio of 43.31 and a beta of 0.83.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In other news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the sale, the director now directly owns 61,135 shares of the company’s stock, valued at $1,859,726.70. This represents a 3.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.00% of the stock is 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.