NETGEAR (NTGR) to Release Quarterly Earnings on Wednesday

NETGEAR (NASDAQ:NTGR) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect NETGEAR to post earnings of ($0.27) per share for the quarter. NETGEAR has set its Q1 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The firm had revenue of $188.67 million during the quarter, compared to the consensus estimate of $185.14 million. NETGEAR had a negative return on equity of 2.96% and a negative net margin of 14.14%. NETGEAR’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period last year, the business posted ($0.21) EPS. On average, analysts expect NETGEAR to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NETGEAR Stock Performance

NTGR opened at $14.85 on Monday. NETGEAR has a one year low of $10.40 and a one year high of $15.93. The company has a market cap of $431.69 million, a price-to-earnings ratio of -4.18 and a beta of 0.84. The business’s fifty day moving average is $14.90 and its two-hundred day moving average is $14.02.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and issued a $30.00 price objective on shares of NETGEAR in a research note on Wednesday, April 10th.

Insider Buying and Selling

In other NETGEAR news, insider Andrew Wonki Kim sold 5,889 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $14.50, for a total transaction of $85,390.50. Following the completion of the transaction, the insider now owns 88,001 shares of the company’s stock, valued at $1,276,014.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NETGEAR news, insider Andrew Wonki Kim sold 5,889 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $14.50, for a total transaction of $85,390.50. Following the sale, the insider now directly owns 88,001 shares of the company’s stock, valued at approximately $1,276,014.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vikram Mehta sold 1,844 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $14.48, for a total transaction of $26,701.12. Following the completion of the transaction, the senior vice president now directly owns 25,569 shares of the company’s stock, valued at approximately $370,239.12. The disclosure for this sale can be found here. Insiders sold 13,456 shares of company stock worth $195,304 in the last ninety days. Insiders own 6.00% of the company’s stock.

NETGEAR Company Profile

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.