Zacks Research Forecasts NETGEAR FY2027 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Zacks Research issued their FY2027 EPS estimates for NETGEAR in a note issued to investors on Tuesday, February 25th. Zacks Research analyst V. Doshi anticipates that the communications equipment provider will post earnings of ($1.05) per share for the year. The consensus estimate for NETGEAR’s current full-year earnings is ($1.84) per share.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, hitting the consensus estimate of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%.

Several other research firms also recently commented on NTGR. Raymond James lifted their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

NETGEAR Trading Up 1.5 %

NASDAQ:NTGR opened at $26.30 on Thursday. NETGEAR has a 12 month low of $10.48 and a 12 month high of $31.55. The firm has a fifty day simple moving average of $27.54 and a 200-day simple moving average of $23.30. The company has a market capitalization of $759.25 million, a P/E ratio of 65.75 and a beta of 0.83.

Institutional Trading of NETGEAR

A number of hedge funds have recently added to or reduced their stakes in NTGR. Arrowstreet Capital Limited Partnership boosted its holdings in NETGEAR by 126.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider’s stock worth $18,818,000 after buying an additional 376,974 shares in the last quarter. Portolan Capital Management LLC purchased a new stake in NETGEAR during the fourth quarter worth $5,357,000. American Century Companies Inc. boosted its holdings in NETGEAR by 31.6% during the fourth quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider’s stock worth $21,473,000 after buying an additional 184,863 shares in the last quarter. Tenzing Global Management LLC purchased a new stake in NETGEAR during the third quarter worth $3,510,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in NETGEAR during the fourth quarter worth $4,449,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total value 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the sale, the chief executive officer now directly owns 507,763 shares in the company, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% 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.