Zacks Research Issues Negative Outlook for NETGEAR Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for NETGEAR in a report released on Tuesday, November 19th. Zacks Research analyst V. Doshi now anticipates that the communications equipment provider will post earnings of ($0.45) per share for the quarter, down from their previous forecast of ($0.41). The consensus estimate for NETGEAR’s current full-year earnings is ($1.97) per share. Zacks Research also issued estimates for NETGEAR’s Q1 2025 earnings at ($0.48) EPS, Q2 2025 earnings at ($0.48) EPS, Q3 2025 earnings at ($0.38) EPS, Q4 2025 earnings at ($0.48) EPS, FY2025 earnings at ($1.83) EPS, Q1 2026 earnings at ($0.40) EPS, Q2 2026 earnings at ($0.43) EPS, Q3 2026 earnings at ($0.46) EPS and FY2026 earnings at ($1.74) EPS.

Separately, StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

NETGEAR Stock Performance

NASDAQ:NTGR opened at $24.30 on Friday. The firm has a 50-day simple moving average of $21.54 and a 200-day simple moving average of $17.11. NETGEAR has a one year low of $10.48 and a one year high of $25.06. The firm has a market cap of $699.11 million, a P/E ratio of 36.78 and a beta of 0.83.

Insider Buying and Selling at NETGEAR

In other news, Director Thomas H. Waechter sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. Following the sale, the director now owns 65,318 shares in the company, valued at approximately $1,306,360. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NTGR. Quarry LP boosted its holdings in NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 741 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in NETGEAR in the 3rd quarter worth approximately $91,000. Values First Advisors Inc. purchased a new position in shares of NETGEAR during the 3rd quarter valued at approximately $144,000. State Board of Administration of Florida Retirement System acquired a new position in shares of NETGEAR in the 1st quarter valued at $176,000. Finally, Creative Planning purchased a new stake in NETGEAR during the third quarter worth $235,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

About NETGEAR

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.