NETGEAR (NASDAQ:NTGR) Announces Quarterly Earnings Results, Hits Expectations

NETGEAR (NASDAQ:NTGR) issued its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.24) EPS 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 Trading Up 2.4 %

NASDAQ:NTGR traded up $0.69 on Friday, hitting $29.22. The company’s stock had a trading volume of 111,192 shares, compared to its average volume of 340,368. NETGEAR has a one year low of $10.48 and a one year high of $31.55. The firm has a market capitalization of $840.66 million, a P/E ratio of 45.15 and a beta of 0.83. The stock has a fifty day moving average of $26.83 and a two-hundred day moving average of $21.93.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Raymond James increased their price target on shares of NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday.

Insider Transactions at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of the firm’s 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 completion of the sale, the director now owns 61,135 shares in the company, valued at approximately $1,859,726.70. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.

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.