Equities research analysts expect NETGEAR, Inc. (NASDAQ:NTGR) to report sales of $384.41 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for NETGEAR’s earnings. The lowest sales estimate is $380.47 million and the highest is $388.34 million. NETGEAR posted sales of $367.93 million during the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The company is expected to issue its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that NETGEAR will report full-year sales of $384.41 million for the current year, with estimates ranging from $1.39 billion to $1.40 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.53 billion per share. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow NETGEAR.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $355.48 million for the quarter, compared to analyst estimates of $349.36 million. NETGEAR had a return on equity of 10.57% and a net margin of 5.33%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS.

Several brokerages have recently commented on NTGR. BWS Financial raised NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, October 9th. Zacks Investment Research downgraded NETGEAR from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.75.

NETGEAR (NASDAQ:NTGR) opened at $50.95 on Wednesday. The company has a market capitalization of $1,608.11, a P/E ratio of 20.52 and a beta of 1.52. NETGEAR has a 1-year low of $41.50 and a 1-year high of $59.92.

In other NETGEAR news, insider Mark G. Merrill sold 3,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $46.55, for a total transaction of $139,650.00. Following the transaction, the insider now owns 32,534 shares of the company’s stock, valued at approximately $1,514,457.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Tamesa Rogers sold 1,500 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $46.80, for a total value of $70,200.00. Following the transaction, the senior vice president now directly owns 23,703 shares in the company, valued at approximately $1,109,300.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,096 shares of company stock worth $4,906,651. Company insiders own 6.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Dean Investment Associates LLC acquired a new position in shares of NETGEAR in the 3rd quarter valued at $3,688,000. California Public Employees Retirement System lifted its stake in shares of NETGEAR by 6.9% in the 3rd quarter. California Public Employees Retirement System now owns 73,969 shares of the communications equipment provider’s stock valued at $3,521,000 after purchasing an additional 4,769 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of NETGEAR in the 3rd quarter valued at $315,000. Vident Investment Advisory LLC lifted its stake in shares of NETGEAR by 2.8% in the 3rd quarter. Vident Investment Advisory LLC now owns 44,518 shares of the communications equipment provider’s stock valued at $2,119,000 after purchasing an additional 1,209 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of NETGEAR in the 3rd quarter valued at $361,000. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

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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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