Wall Street analysts forecast that NETGEAR, Inc. (NASDAQ:NTGR) will announce sales of $384.41 million for the current quarter, Zacks reports. Two analysts have provided estimates for NETGEAR’s earnings, with the highest sales estimate coming in at $388.34 million and the lowest estimate coming in at $380.47 million. NETGEAR posted sales of $367.93 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The company is expected to report its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that NETGEAR will report full-year sales of $384.41 million for the current financial year, with estimates ranging from $1.39 billion to $1.40 billion. For the next year, analysts forecast that the firm will post sales of $1.53 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover NETGEAR.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, topping the Zacks’ 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 posted $0.76 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis.

A number of equities analysts recently weighed in on NTGR shares. Zacks Investment Research lowered shares of NETGEAR from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. BWS Financial upgraded shares of NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $62.75.

In related news, SVP Michael F. Falcon sold 1,042 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $51.30, for a total transaction of $53,454.60. Following the sale, the senior vice president now owns 34,612 shares of the company’s stock, valued at $1,775,595.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Tamesa Rogers sold 1,500 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $49.80, for a total transaction of $74,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,638 shares of company stock worth $4,889,906. 6.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dean Investment Associates LLC purchased a new stake in shares of NETGEAR in the third quarter valued at $3,688,000. California Public Employees Retirement System increased its stake in 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 worth $3,521,000 after buying an additional 4,769 shares during the period. Cubist Systematic Strategies LLC purchased a new position in NETGEAR in the 3rd quarter worth about $315,000. Vident Investment Advisory LLC grew its holdings in NETGEAR by 2.8% during the 3rd quarter. Vident Investment Advisory LLC now owns 44,518 shares of the communications equipment provider’s stock worth $2,119,000 after acquiring an additional 1,209 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in NETGEAR during the 3rd quarter worth about $361,000. 97.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of NETGEAR (NTGR) traded up $0.80 during trading hours on Wednesday, hitting $52.10. 485,979 shares of the company were exchanged, compared to its average volume of 474,446. NETGEAR has a 12-month low of $41.50 and a 12-month high of $59.92. The company has a market capitalization of $1,640.00, a price-to-earnings ratio of 20.60 and a beta of 1.52.

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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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