NetGear, Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 1,040 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $60.30, for a total transaction of $62,712.00. Following the sale, the senior vice president now owns 34,611 shares of the company’s stock, valued at $2,087,043.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NetGear, Inc. (NASDAQ:NTGR) traded down $1.55 during midday trading on Friday, reaching $60.10. 512,400 shares of the company’s stock traded hands, compared to its average volume of 506,700. NetGear, Inc. has a 1-year low of $41.50 and a 1-year high of $61.95. The company has a market cap of $1,880.00, a price-to-earnings ratio of 27.32 and a beta of 1.53.
NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.13. NetGear had a net margin of 5.33% and a return on equity of 10.57%. The business had revenue of $355.48 million during the quarter, compared to analyst estimates of $349.36 million. During the same period in the prior year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. analysts predict that NetGear, Inc. will post 2.24 earnings per share for the current fiscal year.
A number of research firms recently commented on NTGR. BidaskClub lowered shares of NetGear from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded shares of NetGear from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Raymond James Financial upgraded shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price target for the company in a report on Monday, December 18th. Finally, BWS Financial upgraded 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.75.
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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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