Zacks Research Forecasts NETGEAR FY2028 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Zacks Research issued their FY2028 EPS estimates for shares of NETGEAR in a note issued to investors on Wednesday, February 25th. Zacks Research analyst Team forecasts that the communications equipment provider will post earnings per share of ($0.62) for the year. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for NETGEAR’s current full-year earnings is ($1.84) per share.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.21. The firm had revenue of $182.47 million during the quarter, compared to analysts’ expectations of $177.26 million. NETGEAR had a negative net margin of 2.56% and a negative return on equity of 2.40%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) EPS.

Several other research analysts also recently commented on the company. Stifel Nicolaus set a $36.00 target price on NETGEAR in a report on Thursday, February 5th. Raymond James Financial raised their price objective on NETGEAR from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded NETGEAR from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of NETGEAR in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NETGEAR presently has an average rating of “Hold” and a consensus price target of $36.00.

NETGEAR Stock Down 1.0%

Shares of NETGEAR stock opened at $20.49 on Friday. The stock has a market cap of $575.97 million, a price-to-earnings ratio of -33.05 and a beta of 1.15. NETGEAR has a twelve month low of $18.75 and a twelve month high of $36.86. The company’s fifty day moving average is $22.23 and its 200 day moving average is $26.40.

Insider Buying and Selling

In other NETGEAR news, insider Pramod Badjate sold 3,000 shares of NETGEAR stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $20.97, for a total value of $62,910.00. Following the completion of the sale, the insider directly owned 144,586 shares in the company, valued at approximately $3,031,968.42. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of NETGEAR

Large investors have recently modified their holdings of the stock. Johnson Financial Group Inc. bought a new stake in shares of NETGEAR in the 4th quarter valued at $25,000. Comerica Bank grew its holdings in NETGEAR by 64.8% in the third quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 429 shares during the period. Rexford Capital Inc. bought a new stake in NETGEAR in the second quarter valued at $58,000. IFP Advisors Inc raised its holdings in shares of NETGEAR by 161.7% during the fourth quarter. IFP Advisors Inc now owns 2,243 shares of the communications equipment provider’s stock valued at $55,000 after purchasing an additional 1,386 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of NETGEAR by 44.7% during the third quarter. Jones Financial Companies Lllp now owns 2,323 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 718 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

NETGEAR Company Profile

NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.

Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.