NetGear (NTGR) to Release Earnings on Monday

NetGear (NASDAQ:NTGR) will release its earnings data after the market closes on Monday, February 5th. Analysts expect NetGear to post earnings of $0.65 per share for the quarter.

Shares of NetGear (NTGR) opened at $70.85 on Monday. NetGear has a 52 week low of $41.50 and a 52 week high of $71.25. The company has a market cap of $2,250.00, a price-to-earnings ratio of 32.20 and a beta of 1.53.

In related news, SVP Tamesa Rogers sold 1,500 shares of NetGear stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $45.40, for a total value of $68,100.00. Following the completion of the transaction, the senior vice president now directly owns 23,781 shares of the company’s stock, valued at $1,079,657.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Patrick J. Collins III sold 416 shares of NetGear stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $71.00, for a total value of $29,536.00. Following the completion of the transaction, the senior vice president now directly owns 34,612 shares of the company’s stock, valued at $2,457,452. The disclosure for this sale can be found here. Insiders sold 84,196 shares of company stock valued at $4,418,597 over the last ninety days. 6.20% of the stock is currently owned by company insiders.

Several brokerages have recently commented on NTGR. BidaskClub upgraded shares of NetGear from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. BWS Financial set a $75.00 target price on shares of NetGear and gave the company a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research upgraded shares of NetGear from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Wednesday, January 10th. Finally, Raymond James Financial upgraded shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 target price on the stock in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. NetGear presently has a consensus rating of “Buy” and a consensus target price of $65.20.

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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.

Earnings History for NetGear (NASDAQ:NTGR)

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