News stories about Netgear (NASDAQ:NTGR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Netgear earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 45.0062506427017 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Netgear (NASDAQ:NTGR) opened at $57.85 on Tuesday. The stock has a market cap of $1,856.20, a PE ratio of 109.15 and a beta of 1.93. Netgear has a twelve month low of $41.50 and a twelve month high of $71.42.

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Netgear (NASDAQ:NTGR) last announced its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. The business had revenue of $397.06 million during the quarter, compared to the consensus estimate of $393.27 million. Netgear had a net margin of 1.38% and a return on equity of 9.92%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. analysts expect that Netgear will post 3.26 earnings per share for the current year.

A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Netgear from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. BWS Financial set a $75.00 price objective on shares of Netgear and gave the stock a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research upgraded shares of Netgear from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, January 10th. Finally, Raymond James Financial upgraded shares of Netgear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Netgear presently has an average rating of “Buy” and an average target price of $65.20.

In other news, SVP Patrick J. Collins III sold 834 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $57.20, for a total value of $47,704.80. Following the completion of the transaction, the senior vice president now owns 20,641 shares in the company, valued at approximately $1,180,665.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tamesa Rogers sold 1,500 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $59.40, for a total transaction of $89,100.00. Following the completion of the transaction, the senior vice president now owns 22,542 shares of the company’s stock, valued at approximately $1,338,994.80. The disclosure for this sale can be found here. Insiders sold a total of 70,279 shares of company stock valued at $4,287,604 in the last quarter. Insiders own 6.20% of the company’s stock.

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About Netgear

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.

Insider Buying and Selling by Quarter for Netgear (NASDAQ:NTGR)

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