Zacks Research Estimates NETGEAR FY2028 Earnings

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

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $182.47 million for the quarter, compared to analyst estimates of $177.26 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The business’s revenue was up .0% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the company. Raymond James Financial lifted their price objective on NETGEAR from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of NETGEAR in a research report 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 research report on Saturday, February 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

NETGEAR Trading Down 1.0%

Shares of NTGR stock opened at $20.49 on Friday. The stock has a market cap of $575.97 million, a P/E ratio of -33.05 and a beta of 1.15. NETGEAR has a 1 year low of $18.75 and a 1 year high of $36.86. The stock has a 50 day simple moving average of $22.23 and a 200 day simple moving average of $26.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NTGR. Vanguard Group Inc. boosted its stake in shares of NETGEAR by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,543,240 shares of the communications equipment provider’s stock valued at $62,386,000 after purchasing an additional 74,457 shares in the last quarter. Brandes Investment Partners LP boosted its position in NETGEAR by 10.8% in the fourth quarter. Brandes Investment Partners LP now owns 1,855,555 shares of the communications equipment provider’s stock valued at $45,517,000 after buying an additional 180,295 shares in the last quarter. Pertento Partners LLP grew its stake in shares of NETGEAR by 6.0% during the second quarter. Pertento Partners LLP now owns 1,691,607 shares of the communications equipment provider’s stock worth $49,175,000 after buying an additional 95,955 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NETGEAR by 5.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,636,697 shares of the communications equipment provider’s stock worth $53,010,000 after buying an additional 85,228 shares in the last quarter. Finally, Windward Management LP bought a new position in shares of NETGEAR in the 4th quarter valued at $35,468,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling at NETGEAR

In related news, insider Pramod Badjate sold 3,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $20.97, for a total transaction of $62,910.00. Following the completion of the sale, the insider directly owned 144,586 shares in the company, valued at $3,031,968.42. This 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 link. 2.30% of the stock is currently owned by corporate insiders.

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.