News stories about NetGear (NASDAQ:NTGR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NetGear earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 45.7991211232429 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of research firms have commented on NTGR. BidaskClub raised NetGear from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research lowered NetGear from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. ValuEngine raised NetGear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Guggenheim reissued a “buy” rating and issued a $76.00 price objective on shares of NetGear in a research note on Friday, April 27th. Finally, BWS Financial boosted their price objective on NetGear from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, July 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. NetGear has a consensus rating of “Buy” and a consensus price target of $67.75.

Shares of NetGear opened at $67.40 on Friday, according to Marketbeat. NetGear has a 12-month low of $44.10 and a 12-month high of $78.30. The firm has a market cap of $2.13 billion, a PE ratio of 29.05 and a beta of 1.99.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings results on Monday, July 23rd. The communications equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. NetGear had a positive return on equity of 9.97% and a negative net margin of 0.74%. The business had revenue of $366.80 million for the quarter, compared to analyst estimates of $350.60 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. analysts forecast that NetGear will post 2.2 EPS for the current fiscal year.

In other news, SVP Michael A. Werdann sold 10,930 shares of the company’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $70.78, for a total transaction of $773,625.40. Following the transaction, the senior vice president now owns 34,727 shares of the company’s stock, valued at $2,457,977.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael F. Falcon sold 521 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $60.50, for a total value of $31,520.50. Following the transaction, the senior vice president now directly owns 43,403 shares in the company, valued at approximately $2,625,881.50. The disclosure for this sale can be found here. Insiders have sold 56,573 shares of company stock worth $3,634,788 in the last ninety days. 5.10% of the stock is currently owned by insiders.

NetGear Company Profile

NETGEAR, Inc engages in the provision of Internet connected products to consumers, businesses, and service providers. It operates through the following business segments: Arlo, Connected Home, and SMB. The Arlo segment offers internet-connected products for consumers and businesses that provide security and safety.

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

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