NETGEAR (NTGR) Announces Quarterly Results
NETGEAR (NASDAQ:NTGR) posted its quarterly earnings results on Thursday. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.05, StockRatingsNetwork reports. The company had revenue of $356.60 million for the quarter, compared to the consensus estimate of $347.90 million.
A number of research firms have recently commented on NTGR. Analysts at Zacks upgraded shares of NETGEAR from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $32.90 price target on the stock. On the ratings front, analysts at RBC Capital upgraded shares of NETGEAR from an “underperform” rating to a “sector perform” rating in a research note to investors on Monday, November 11th. They now have a $30.00 price target on the stock, up previously from $27.00. Finally, analysts at BWS Financial downgraded shares of NETGEAR from a “strong-buy” rating to a “buy” rating in a research note to investors on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $32.84.
NETGEAR (NASDAQ:NTGR) traded up 0.81% during mid-day trading on Thursday, hitting $31.21. The stock had a trading volume of 311,501 shares. NETGEAR has a 1-year low of $26.82 and a 1-year high of $37.65. The stock’s 50-day moving average is $32.54 and its 200-day moving average is $31.03. The company has a market cap of $1.210 billion and a price-to-earnings ratio of 20.22.
NETGEAR, Inc is a global networking company that delivers products to consumers, businesses and service providers.
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