NETGEAR (NTGR) Receives Daily Media Sentiment Score of 0.09
Media stories about NETGEAR (NASDAQ:NTGR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 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 news sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 45.4544543966278 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
NETGEAR (NTGR) traded up $0.30 during midday trading on Friday, hitting $44.95. 357,373 shares of the company’s stock were exchanged, compared to its average volume of 485,719. The firm has a market cap of $1.48 billion, a PE ratio of 18.35 and a beta of 1.50.
NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $355.48 million for the quarter, compared to analyst estimates of $349.36 million. NETGEAR had a net margin of 5.33% and a return on equity of 10.57%. NETGEAR’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. equities research analysts expect that NETGEAR will post 2.24 earnings per share for the current year.
A number of research firms have issued reports on NTGR. Zacks Investment Research cut shares of NETGEAR from a “hold” rating to a “sell” rating in a report on Friday, October 13th. BWS Financial raised shares of NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $62.75.
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In other NETGEAR news, Chairman Patrick Cs Lo sold 19,799 shares of NETGEAR stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $45.35, for a total transaction of $897,884.65. Following the transaction, the chairman now directly owns 183,001 shares of the company’s stock, valued at $8,299,095.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tamesa Rogers sold 1,500 shares of NETGEAR stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $47.35, for a total transaction of $71,025.00. Following the transaction, the senior vice president now directly owns 22,703 shares in the company, valued at $1,074,987.05. The disclosure for this sale can be found here. Insiders have sold 82,885 shares of company stock worth $3,954,685 over the last 90 days. 6.20% of the stock is currently owned by company insiders.
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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