NETGEAR (NTGR) to Release Quarterly Earnings on Wednesday

NETGEAR (NASDAQ:NTGR) will likely be releasing its earnings data after the market closes on Wednesday, February 5th. Analysts expect NETGEAR to post earnings of ($0.24) per share and revenue of $167.47 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

NETGEAR Stock Up 2.6 %

NASDAQ NTGR opened at $26.49 on Wednesday. NETGEAR has a fifty-two week low of $10.48 and a fifty-two week high of $31.55. The business has a 50 day moving average price of $26.34 and a two-hundred day moving average price of $21.42. The stock has a market cap of $762.12 million, a PE ratio of 40.75 and a beta of 0.83.

Insider Activity at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the transaction, the director now owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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.