NETGEAR (NTGR) Earns Coverage Optimism Rating of 0.05
Media headlines about NETGEAR (NASDAQ:NTGR) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NETGEAR earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 46.665433789765 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Michael F. Falcon Sells 1,042 Shares of NETGEAR, Inc. (NTGR) Stock (americanbankingnews.com)
- NETGEAR Expands Options in Affordable 10 Gigabit Switching Connectivity for … (markets.businessinsider.com)
- Which Insider sold 26287 Shares Of Synergy Pharmaceuticals Inc. (SGYP)? (currenthollywood.com)
- NETGEAR Expands Options in Affordable 10 Gigabit Switching Connectivity for Small and Medium Businesses (finance.yahoo.com)
- NETGEAR Introduces FlexPower, Industry’s First Wire-Free, Battery-Powered ONVIF-Compliant Security Camera (it.tmcnet.com)
NTGR has been the subject of a number of recent analyst reports. Global Equities Research restated a “buy” rating and set a $85.00 price objective on shares of NETGEAR in a research note on Tuesday, June 13th. Zacks Investment Research upgraded NETGEAR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.97.
Shares of NETGEAR (NASDAQ NTGR) traded up 1.06% on Monday, hitting $47.80. The stock had a trading volume of 182,500 shares. The firm’s 50-day moving average is $46.90 and its 200 day moving average is $47.27. NETGEAR has a 1-year low of $41.50 and a 1-year high of $60.82. The stock has a market cap of $1.51 billion, a P/E ratio of 21.94 and a beta of 1.54.
NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. NETGEAR had a return on equity of 10.67% and a net margin of 5.42%. The firm had revenue of $330.72 million for the quarter, compared to analyst estimates of $324.64 million. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that NETGEAR will post $2.74 EPS for the current year.
In related news, Chairman Patrick Cs Lo sold 5,900 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.39, for a total transaction of $256,001.00. Following the transaction, the chairman now directly owns 179,125 shares in the company, valued at $7,772,233.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael A. Werdann sold 8,153 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $43.01, for a total value of $350,660.53. Following the transaction, the senior vice president now owns 30,092 shares in the company, valued at $1,294,256.92. The disclosure for this sale can be found here. Insiders have sold 61,628 shares of company stock worth $2,855,766 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.
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NETGEAR Company Profile
NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.
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